ATLANTA, Aug. 21, 2013 /PRNewswire/ -- Fueled by a 100 percent three-year growth in revenue, Purchasing Power announced today the company obtained a ranking of 3222 on the 2013 Inc. 5000, Inc. magazine's annual listing of the fastest-growing private companies in America. This is the sixth consecutive year the company has appeared on the list, which makes Purchasing Power one of the 903 Honor Roll Alumni who have appeared at least five times on the Inc. 5000 list.
Purchasing Power also ranked 127th on the list of top companies in the Atlanta Metro Area, 140th on the list of top companies in Georgia, and 258th in the nation in the Business Products & Services category.
"In the 12 years since we pioneered the concept of an employee purchase program, Purchasing Power has evolved from providing a new kind of voluntary benefit to being a proven promoter of financial wellness," said Richard Carrano, Purchasing Power President and CEO. "We have become accepted by human resources professionals as a way to reduce employee financial stress, improve job satisfaction, and retention."
Purchasing Power's most recent customer survey found 94 percent of customers say access to Purchasing Power reduces financial stress, 71 percent of customers say the program increases satisfaction with their employers, and 69 percent of customers say that having access to Purchasing Power makes them more likely to stay with their employer.
In a year of milestones for Purchasing Power, yesterday the company celebrated earning its $1 billionth in total revenue, and earlier this year, Purchasing Power customers placed their one-millionth order. The company was recognized as one of "Atlanta's Best and Brightest Companies to Work For(TM)" and earned an Atlanta Business Chronicle Pacesetter Award.
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2012. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2009 is $100,000; the minimum for 2012 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/5000.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit http://www.inc.com.
About Purchasing Power, LLC
Headquartered in Atlanta, Purchasing Power is available to six million people through large companies - including Fortune 100s - and government agencies. Purchasing Power is one of the fastest-growing specialty e-retailers in the market offering a leading voluntary benefit program. Honored for "World Class Service" by Smart Business, Purchasing Power was also recognized as one of the fastest-growing companies, ranking as one of "Atlanta's Best and Brightest Companies to Work For" earlier this year. Purchasing Power is 'Powering People to a Better Life(TM)' through its employee purchase program, financial literacy efforts and charitable contributions. Purchasing Power is a Rockbridge Growth Equity, LLC Company. For more information, visit www.PurchasingPower.com.
SOURCE Purchasing Power