Paramount Technologies Joins Inc. 5000 List of Fastest-Growing Private Companies



    
    Business Demand for Spending Control and Increased Employee Productivity
    Fuels Record Growth




    
    WALLED LAKE, Mich., Aug. 18 /CNW/ -- Paramount Technologies, the leading
global provider of midmarket Employee Workforce Automation solutions,
announced today that it has been named one of the 5000 fastest growing private
companies in America by Inc. magazine.  With three-year sales growth exceeding
55%, Paramount Technologies joins the list for the first time and is the
fourth-ranked software company in the State of Michigan.

    The Inc. 5000 list represents the most comprehensive look at the most
important segment of the economy - America's independent-minded entrepreneurs,
and is widely recognized as a prescient indicator of companies and industries
that are on a track for sustained success.

    "Paramount Technologies expects to see continued growth as more and more
companies recognize the value and importance of employee workflow automation. 
Leading businesses know that controlling spending and maximizing employee
productivity are essential to their continued success.  The savings our
WorkPlace solutions deliver go straight to each company's bottom line," said
Salim Khalife, President and CEO, Paramount Technologies.

    The Paramount Technologies WorkPlace Suite includes WorkPlace
eProcurement, WorkPlace Project Accounting, WorkPlace Time Management and
WorkPlace Expense Management.  WorkPlace eProcurement automates and
accelerates traditionally inefficient paper-based requisition processes,
reducing direct and indirect purchasing costs, reducing requisition-to-order
costs and cycle time, increasing control over business transactions and
streamlining employee requisition management.
    

    Methodology

    
    The 2009 Inc. 5000 list measures revenue growth from 2005 through 2008.
To qualify, companies must be U.S.-based and privately held, independent - not
subsidiaries or divisions of other companies - as of December 31, 2008, and
have had at least $200,000 in revenue in 2005, and $2 million in 2008.  Inc.
verifies all information using tax forms and audited financial statements from
certified public accountants and by conducting interviews with company
officials.
    

    About Paramount Technologies

    
    Paramount Technologies is the leading global provider of web-enabled
Employee Workforce Automation solutions delivering reduced transaction costs
and enhanced process efficiencies to midmarket and enterprise organizations
through the automation of procurement, requisition, project, time and expense
transactions. Established in 1995, Paramount is a private company
headquartered in Walled Lake, MI with offices in Atlanta, GA and Jacksonville,
FL.
    

    All trademarks or registered trademarks are property of their respective
owners.



    




For further information:

For further information: Brinton E. Baker of Paramount Technologies,
Inc., 1-800-725-4408 Ext. 32, bbaker@paramounttechnologies.com

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PARAMOUNT TECHNOLOGIES

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