eCopy Rewarded As Marketplace Accepts Document Distribution Technology
Press release from the issuing company
Leading Scanning Application Provider Climbs Inc 500 and Deloitte & Touche’s Technology Fast 500 Rankings
Nashua, New Hampshire, October 17, 2002 — eCopy, Inc., a leading provider of products that transform paper documents into digital information, has soared on both the Inc 500 and Fast 500 lists of the nation’s fastest growing companies. According to the Inc 500, a national ranking of privately held companies, eCopy, Inc. is the 145th fastest growing company, up from 316th the previous year. In a ranking of both public and private companies, eCopy, Inc., formerly listed at 464th, is the 263rd Fastest Growing Technology Company in North America on the 2002 Deloitte & Touche Technology Fast 500.
"Our placement on these prestigious rankings reiterates that our document distribution solution is quickly becoming the new vehicle for paper document delivery," said Edward Schmid, president and CEO of eCopy, Inc. "Through our partnerships with Canon, IKON, and Danka, we are changing the way people communicate by enabling them to turn all of their office paper into electronic documents that can be distributed instantly and at no cost over the Internet. With eCopy, Inc., the traditional office copier and scanner are transformed into multifunctional devices that deliver immediate return on investment."
The eCopy Suite, coupled with the high-speed scanning capabilities of a digital copier or scanner, enables any organization to transform paper documents into information that is easily integrated into all commonly used business applications. eCopy, Inc. can provide companies shared access to high-speed scanning that connects to the user’s e-mail and other networked enterprise applications for low-cost, easy, instantaneous distribution and management of electronic copies of paper documents.
"eCopy, Inc. has continued to position itself as a leader in their industry by developing products that solve problems for their customers," said Keith Kmetz, Program Director, Multifunction Peripherals, IDC. "Scanning is quickly becoming one of the more important offerings in the office solutions industry and with eCopy, companies can communicate faster, cheaper, or better. We are looking forward to tracking this company as it continues to grow and develop the next generation in scanning products."
Inc 500 Selection and Qualifications
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 using tax forms and financial statements from certified public accountants and by conducting interviews with company officials.
Fast 500 Selection and Qualifications
The Fast 500 list is compiled from three sources: Deloitte & Touche’s 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, companies must have had 1997 operating revenues of at least $50,000 USD and $75,000 CD, for United States and Canada respectively, must be public or private companies headquartered in North America, and be "technology companies" defined as companies that own proprietary technology that contributes to a significant portion of the company’s operating revenues or devote a high percentage of effort to research and development of technology.
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