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Nation's Fastest Growing Companies in "Inc 500" |
| MINNEAPOLIS — OCTOBER
15, 2002 — IDeaS, Inc., a leading provider of revenue management solutions
announced today that it has been named an entrepreneurial growth leader
by Inc magazine for a second consecutive year in the 2002 annual ranking
of the Inc 500, a listing of the nation’s fastest growing private companies.
IDeaS ranked 87th in the Inc 500, achieving a 1,904% growth over the past five years, which represents a significant improvement over its prior year rank of 229. "This is the first Inc 500 ranking to reflect the full impact of the recession," said Inc editor John Koten. He added, "These entrepreneurs are managing to move ahead despite the obstacles. They are showing that smart strategies succeed even in the toughest times." IDeaS are the leading provider of pricing and revenue management solutions that deliver measurable revenue increases. The company's primary market focus is the global hospitality industry, with clients representing some of the most-prestigious independent properties, resorts, casinos, as well as chain and management companies. IDeaS has expanded its consultancy practice on pricing and revenue optimization strategies. The company also utilizes a large technology center in India as a strategic asset. Expansion plans include working with companies to leverage the company's technology Center of Excellence in India and diversification utilizing new developments in proprietary intellectual property, which enable IDeaS to produce unparalleled financial benefits for companies in other industries. "Increasing almost 150 positions, to a rank of 87th in the Inc 500 is an accomplishment of which we are exceedingly proud. In the past year we have been able to respond quickly to environmental changes and achieve revenue increases, cost reductions and profitability, said Ed Booth, CEO of IDeaS, Inc. He added, "Our ability to respond and grow in a substantially altered business climate is due to the global strength of our organization and a demonstrated value proposition, increased revenue. Going forward, we have in beta, the next-generation product, which we believe is exactly the right solution for driving the market forward in this substantially altered business climate." To be eligible for this year's Inc 500, companies had to be independent and privately held through their fiscal year 2001, have at least $200,000 in sales in the base year of 1997, and their 2001 sales had to have exceeded 2000 sales. Holding companies, regulated banks and utilities are not eligible. Inc verifies all information. About IDeaS
IDeaS’ primary market focus is the global hospitality industry and is aggressively expanding worldwide. The Company’s clients include some of the most-prestigious companies in the world, including Six Continents, Hyatt International, Hilton International, Mandarin Oriental, Shangri-La, Kempinski Hotels & Resorts, Conrad Hotels, Universal Orlando, The Venetian Resort & Casino, Vail Resorts and Gaylord Entertainment properties, such as Opryland as well as Destination Hotels & Resorts. Headquartered in Minneapolis, Minn., IDeaS maintains global technology, support and sales offices in North America, the United Kingdom, Europe, Australia and Asia. www.eyield.com for more information. About Inc Magazine
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Gale Ward
Jim Kenney
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