StaffingTools Named a 2004 Indiana Growth 100 Award Recipient
Press release from the issuing company
Bloomington, IN -- November 1, 2004 -- StaffingTools, Inc., a leading provider of online training with a newly-established, dedicated prepress training division, is a recipient of a 2004 Indiana Growth 100 Award from the Johnson Center for Entrepreneurship & Innovation, a division of Indiana University’s Kelley School of Business. The Indiana Growth 100 Award recognizes Indiana’s leading high potential, high growth companies.
The award is being presented to StaffingTools at the 11th annual Growth 100 Dinner and Awards Banquet Wednesday, October 27, at the Indiana Roof Ballroom in Indianapolis.
Says Craig Hane, CEO of StaffingTools, “We are very proud to be recognized as an Indiana Growth 100 Company. We believe that this success is attributable to the team of talented professionals that we’ve assembled, and the positive business environment in Indiana that has allowed us to build our future. In fact, this latest recognition caps off one of the most successful periods in our company’s history.”
Hane says that StaffingTools has grown significantly in just three years, with major expansion including the establishment of a new Prepress Training Solution division to best serve the unique needs of the publishing segment and the company’s 4000-strong user base. “At the same time,” he says, “we’ve bolstered our infrastructure, technologies, partnerships and offerings."
The Indiana Growth 100 Award
The Growth 100 award honors Indiana’s rapid growth, high potential entrepreneurial companies. Nominees for the award must be privately held Indiana businesses and have at least $500,000 in annual sales or have raised a significant amount of funding. This year, 88 highly qualified companies were selected from across the state. Growth 100 companies are identified through an analysis process that is based upon High Performance Organization research conducted by The Johnson Center.
Sponsors contributing to the event include: The Indiana Venture Center, the law offices of Katz, Sapper and Miller, and the accounting firm Ernst & Young.
“This year’s 2004 Growth 100 awardees have a combined 2003 sales total of more than $1.17 billion, with an incredible growth rate averaging 58 percent,” says Tom Hustad, interim Director of the Johnson Center for Entrepreneurship and Innovation at IU’s Kelley School of Business. “To be able to build this type of momentum in such a challenging economic climate is quite a feat.”
“These companies are a vital, central contributor to the state. Combined, they employ more than 8,600 Indiana residents, and have increased their employment numbers by an average of 33% in the last three years. With the state experiencing an overwhelming loss of jobs through an equivalent period, this is quite remarkable.” Hustad adds, “We recognize these companies because they represent the entrepreneurial spirit of Indiana business, working to enlarge the state’s role in the national and global corporate arena.”
Individuals who wish to nominate their own or another’s company for consideration for next year’s Growth 100 award should contact The Johnson Center at 812-855-4248. For more information regarding the Growth 100 program and The Johnson Center for Entrepreneurship & Innovation, visit The Johnson Center’s web site at www.kelley.indiana.edu/jcei.
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