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Press Release
Editorial Contact:
Cynthia Chow
925-242-4600
Inc. 500 Reveals America's Fastest Growing Private Companies
California-based Valley Oak Systems, a national provider of claims administration and risk
management software, services and support, Ranks #434, with Five-Year Total Growth of 430%,
on the 2004 Inc. 500
New York, Nov 09, 2004 –
Inc. Magazine, the premier publication for small and medium-sized businesses, has released its
23rd annual Inc. 500 ranking of the fastest-growing private companies in the country.
California- based Valley Oak Systems, Inc., a national provider of claims administration and
risk management software, services and support for the insurance industry, ranks #434, with
five-year total growth of 430%, on the 2004 Inc. 500.
The Inc. 500 ranks privately held companies according to averaged year-over-year sales growth
over the past four years, and the list is one of the most prestigious indicators of private
company growth in North America. For the past 22 years, the Inc. 500 has identified the next
generation of world-renown technology companies, with Microsoft, Oracle and Intuit all appearing
on the list before they became industry powerhouses. This is Valley Oak Systems' third year to
be included on the list.
Randy Wheeler, founder and CEO of Valley Oak Systems, said: "For the last several years, which
have been tough for the tech sector and for the whole American economy, Valley Oak Systems has
been honored with local, regional and national recognition as one of America's leading and
fastest-growing private software companies. Our core philosophy is very simple. Valley Oak
Systems stays in tune with technology and industry trends, listens to our clients' needs, and
strategically develops and enhances cost-effective software and services that enable our clients
to meet their business goals."
Valley Oak Systems dedicates more than half of its staff to client services for its workers'
compensation, general liability, auto, property, employment, professional liability, and
disability insurance software customers throughout North America. Additionally, the company's
cost-effective browser-based software, iVOS®, provides a full range of features that meet every
one of its customers' needs and requirements.
"The best thing you can say about this year's crop of Inc. 500 entrepreneurs is that they didn't
buy into the hype," said Inc. editor-in-chief John Koten. "When people were practically giving
away funding in the late 1990s, these companies didn't overextend, and when everyone hit the
panic button a few years later, they stayed calm and seized opportunity."
To be eligible for this year's Inc. 500, companies had to be independent and privately held
through their fiscal year 2003, have had at least $200,000 in net sales in the base year of 1999
for Inc. 500 alumni and 2000 for new applicants, and $2 million in net sales for 2003. In
addition, their 2003 sales had to exceed 2002 sales. Companies are ranked on averaged
year-over-year sales growth. Inc. verifies all information using tax forms and audited financial
statements from certified public accountants and by conducting interviews with company
officials.
About Valley Oak Systems, Inc.
Valley Oak Systems, Inc. is a privately held corporation with headquarters in San Ramon,
California. Founded in 1994, Valley Oak Systems has relied on the industry experience of its
founders to provide high-quality, cost- effective solutions for the claims administration
industry. Its flagship product iVOS® is the leading browser- based, "one-system" solution that
integrates claims management, document imaging and bill review capabilities for multiple lines
of insurance. Valley Oak Systems is dedicated to providing the highest quality software,
services, and support to enable their clients to meet their goals. Since 2002, Valley Oak
Systems has been recognized as one of America's fastest growing private companies for three
consecutive years on the Inc. 500 list, and for two years on the Deloitte Technology Fast 500
list. Additionally, Valley Oak Systems' founder and CEO, Randy Wheeler, was an award recipient
of the Ernst & Young Entrepreneur of the Year® 2004 Award Northern California. For more
information about the award-winning company, go to www.valleyoak.com, or call (925) 242-4600.
About Inc.
Inc., the only business magazine dedicated exclusively to owners and managers of fast-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 the premier publication that focuses on small to medium-size businesses,
which are responsible for more than half the nation's gross domestic product and 75% of its new
jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Gruner + Jahr
USA publication, inspires and informs, with cutting-edge coverage that reflects our readers'
energy, brashness, and imagination.
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Kevin Confetti