Business Editors
LOS ANGELES--(BUSINESS WIRE)--Oct. 12, 2000
Internet-Based Collaborative Planning Solution Provider Ranks no. 86
On List Dominated by Computer Software & Services Firms
Adexa(TM), Inc., a provider of collaborative planning solutions critical
This recognition by Inc. comes on the heels of Adexa placing near the head of the class at the Deloitte & Touche "2000 Los Angeles Technology Fast 50" awards last month. As one of the Technology Fast 50 finalists in the greater Los Angeles area, Adexa has been automatically nominated for consideration in the Deloitte & Touche Technology Fast 500 program, which ranks the nation's top 500 fastest-growing technology companies.
"We were excited to be recognized as one of the Los Angeles area's most dynamic technology firms, and now we are even more thrilled to see we are among the fastest-growing companies in the entire nation - across all business sectors," said Dr. K. Cyrus Hadavi, president and chief executive officer of Adexa. "These awards are a testament to the outstanding team we have in place in Adexa and our unswerving dedication to customer satisfaction."
Adexa is one of 69 firms based in California to have made this year's list, making the Golden State far and away the leading home of Inc. 500 companies. Texas is second with 39 companies, followed by Virginia with 31. The fourth spot welcomes two newcomers to this year's list of top states - Florida and Illinois, both with 24 firms represented. Georgia and Massachusetts (26 each) round out the top five, knocking out the state of New York.
A look at the Inc. 500 by sector indicates that the computer software and services sector dominates the rankings (38% of the 500). Other sectors represented on this year's list include: diversified services (17%), materials and construction (6%) and telecommunications (6%).
This marks the 19th year that Inc. has chartered progress of America's most innovative and successful entrepreneurs. To be eligible for the Inc. 500, companies have to be independent and privately held through 1999, have at least $200,000 in sales in the base year, 1995, and their 1999 sales must have exceeded their 1998 sales. The ranking is based on the percentage increase in sales from 1995 through 1999. Holding companies, regulated banks and regulated utilities are not eligible. Inc. verified all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials.
About Adexa
Adexa develops and markets solutions that enable collaborative commerce - an Internet-based approach to sourcing, making and delivering goods that requires intelligent planning and dynamic collaboration among members of a multi-tiered supply chain. Adexa's iCollaboration suite helps enterprises and trading exchange participants make faster, more informed business decisions by automating, synchronizing and optimizing complex, interdependent supply chain operations. Built with next-generation technology, Adexa's iCollaboration suite is an open, scalable and adaptable solution that helps increase customer responsiveness, coordination with trading partners and enhance overall supply chain efficiency.
Headquartered in Los Angeles, Adexa has licensed its iCollaboration suite to leading companies and trading exchanges around the world, including Advanced Micro Devices, Inc., Conexant Systems, Inc., Framatome Connectors International, Fujitsu Quantum Devices, Ltd., Lucent Technologies, Inc., Matsushita Electronics Corporation, Philips Semiconductors B.V., Sanyo Electric Co. Ltd., and Sumitomo Metal Industries, Ltd. Sitix Division. To learn more about Adexa and its solutions, please visit www.adexa.com.
Inc. is the leading magazine written for men and women who own and manage small-to-mid-sized, fast-growing companies. Published 18 times per year, Inc. helps its nearly 2 million readers by providing expert advice and practical solutions as they face the opportunities, pitfalls and rewards of growing a company.
The statements contained in this release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934, including statements regarding Adexa's expectations, beliefs, hopes, intentions or strategies regarding the future. All forward-looking statements included in this document are based upon information available to Adexa of the date hereof, and Adexa assumes no obligation to update any such forward-looking statements. Actual results could differ materially from current expectations. Factors that could cause or contribute to such differences include, but are not limited to, the factors and risks discussed in the Registration Statement Form S-1 filed on August 28, 2000 with the Securities and Exchange Commission.