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Press Release
Editorial Contact:
Cynthia Chow
925-242-4600
Valley Oak Systems Makes 2002 INC 500 List of
Fastest Growing Private Companies
Alamo,
CA–October 9, 2002–Valley Oak Systems, Inc.
(VOS), a national provider of claims administration software,
services, and support, has been named one of America’s entrepreneurial
leaders by Inc magazine, which today released its 2002 Inc 500
ranking of the nation’s fastest-growing private companies.
The ranking will appear in the magazine’s special Inc 500
issue, which hits newsstands October 15. www.inc.com
Valley Oak Systems achieved 599% growth in the past five years.
Valley Oak Systems was established in 1994 to provide the insurance
industry with an organization dedicated to providing a superior
fully featured Claims Administration and Risk Management System.
In early September, the company released its newest product iVOS™
– truly web-based claims administration software that is
browser-based allowing users ease of access through the Internet.
The system is Java™-based (J2EE™ compliant) requiring
no middle-ware (e.g. Citrix®), no software distribution to
individual computers, and is available as a client hosted or ASP
solution. For additional information on the company and products
visit www.valleyoak.com.
“Being named to the Inc 500 is affirmation of our focus
on profitable growth through innovative products and excellent
implementation and support services that solve real business needs,”
states Randy Wheeler, Founder and CEO of Valley Oak Systems. “We
expect our newest product, iVOS, as well as our expanded ASP services
to help fuel continued growth in our marketplace.”
Started in 1982, the Inc 500 ranks the nation’s leading
entrepreneurial firms according to sales growth over the previous
five years. The 2002 Inc 500 reveals a surprising resiliency within
the entrepreneurial sector, where leading companies are continuing
to show dramatic rates of growth despite the recession. More than
two-thirds (73%) of 2002 Inc 500 companies are profitable. Despite
the technology bust, “Computer Software & Services”
remain the leading industry category, representing nearly 40%
of firms on the list.
“This is the first Inc 500 ranking to reflect the full
impact of the recession,” said Inc editor John Koten. “Yet
these entrepreneurs are managing to confound the naysayers and
move ahead despite the obstacles. They’re showing that smart
strategies can succeed even in the toughest of times.”
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Kevin Confetti