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marketRx named to the 24th annual Inc. 500 list of "Fastest-Growing Private Companies"
November 17th, 2005, Bridgewater, NJ - marketRx, leading provider of sales and marketing effectiveness solutions to the global pharmaceutical and biotechnology companies has been placed in this year's Inc. 500 list of "Fastest-Growing Private Companies".
President & CEO, Jassi Chadha attributes a great deal of marketRx's growth to using motivation as a tool. He believes that in order to inspire bright minds, you must offer the right challenges and a freedom to resolve them without a fear of failure.
The companies that made this list represent the vanguard of American industry, posting an average three-year sales growth of 769%. Inc. 500 companies posted aggregate 2004 revenue of $15.9 billion, and 84% of them were profitable. Most importantly, Inc. 500 companies were engines of job growth, having created more than 95,000 jobs since the companies were founded. The Inc. 500 list generated 25,180 new jobs in the past year alone, a stunning 35% year-over-year increase.
To be eligible for this year's Inc. 500, companies had to be U.S.-based, independent and privately held through their fiscal year 2004, and have at least $500,000 in net sales in the base year of 2001. In addition, their 2004 sales had to exceed 2003 sales. Companies are ranked on cumulative three-year sales growth from 2001 to 2004. Over the years, the Inc. 500 has identified the next generation of world-class companies including Microsoft, Stonyfield Arms, Timberland, Oracle, The Princeton Review, Morningstar, Gateway, E*Trade, Domino's Pizza, etc; all appearing on the list before they became industry powerhouses.
About
marketRx
marketRx combines analytics, market research and technology to provide solutions that enable our customers at global pharmaceutical and biotechnology companies to improve the effectiveness of their sales and marketing initiatives.
Our business delivery model combines extensive industry knowledge with global online market research and analytical expertise to deliver actionable solutions in sales force strategy, tactical planning, targeting, brand management, quick-turnaround market research, segmentation, forecasting, sales and marketing metrics, brand tracking and interactive marketing. Our technology enabled solutions also enable our customers to build internal capabilities by leveraging our R&D focus.
With 19 out of the top-20 global pharmaceutical companies as customers and work in over 20 different countries, marketRx is the leading provider of integrated sales and marketing effectiveness solutions.
Contact:
Vikas Vats
marketRx, Inc.
marketing@marketrx.com
908-541-0045
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