LOS ANGELES -- Outsource Partners International, Inc. (OPI) announced that it has been included in Inc. magazine's 24th annual Inc. 500 ranking of the fastest-growing private companies in the country. With three-year revenue growth of 842%, Outsource Partners International ranks No. 111 on
"Recognition in the Inc. 500 is a real tribute to the hard work and dedication of our nearly 900 associates who together built this company into a premier business process outsourcing firm," said Clarence T. Schmitz, Chairman and CEO. "We take great pride in that accomplishment and want to thank our clients as well who have seen fit to entrust us with their critical accounting functions. We look forward to continuing to build on this success and achieving even more significant milestones in the years ahead."
The companies that made the Inc. 500 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.
"When you look at the amazing job growth among Inc. 500 companies and contrast it with the stagnation in the Fortune 500, it underscores the changing nature of our economy," said Jim Melloan, project manager for the Inc. 500. "With unprecedented global competition, companies have to be able to turn on a dime and discover innovative new ways of doing business. Increasingly, it's the smaller, agile companies like those on the Inc. 500 that are best equipped to meet these challenges."
About Outsource Partners International, Inc.
Outsource Partners International is the largest firm dedicated to outsourcing finance and accounting functions, such as accounts payable, receivables, payroll, cash management, tax compliance, general accounting and financial reporting. Our unique, highly customized service model combines experienced on-site staff with document imaging, automated workflow and offshore transaction processing, enabling clients to substantially reduce cost, improve financial reporting and focus on their core business.
OPI is built and managed by experienced professional accountants, most of whom are former Big Four accounting firm partners and managers. That heritage drives a strong spirit of partnership with our clients. Placing client service and quality above all else has enabled us to build a substantial portfolio of satisfied clients who reward us by acting as references and serving as real-life examples of the power of outsourcing.
OPI has more than 850 associates operating through seven offices in the U.S. and services centers in Bangalore and Kochi, India. For more information about OPI and our finance and accounting solutions, visit us at www.opiglobal.com
About the Inc. 500
The Inc. 500 ranks privately held companies according to year-over-year sales growth from 2001 to 2004. With approximately 75% of all new job creation in the U.S. coming from entrepreneurial businesses, the Inc. 500 opens a window onto the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, Jamba Juice, Gateway, E*Trade, Intuit, and Domino's Pizza all appearing on the list before they became industry powerhouses.
About Inc.
Inc., the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Inc. is also the only publication that focuses on small to medium-size businesses, responsible for more than half the nation's gross domestic product and 70% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Mansueto Ventures LLC publication, inspires and informs, with cutting-edge coverage that reflects our readers' energy, brashness, and imagination.