Entrepreneur Magazine names Bridgeline Software in their Hot 500 for 2007
July 30, 2007
Annual ranking of America’s fastest growing businesses
Boston, MA, July 30, 2007 - Bridgeline Software, Inc. (NASDAQ: BLSW) announced today that it has been named to Entrepreneur Magazine’s Hot 500 for 2007, the magazine’s annual ranking of America’s fastest growing businesses. Entrepreneur Magazine ranked Bridgeline Software as number 240 on the list of America’s fastest growing businesses.
"Our significant growth over the last five years is a reflection of the hard work and dedication of our employees," said Thomas Massie, President and CEO. "We have great products, provide outstanding solutions, and have excellent customers."
Entrepreneur Magazine’s Hot 500 rankings are compiled with the help of Corporate Research Board, a research organization. Entrepreneur and CRB started with CRB's database of more than 19 million U.S. businesses and considered only those businesses that met the following criteria:
- Must have been founded no earlier than 1998 and no later than 2002
- Company sales in 2002 must be $100,000 or greater; 2006 sales must not exceed $1 billion
- Must have positive job growth between 2002 and 2006
- Must have a minimum level of sales growth or a sales growth quantifier of 1 or higher between 2002 and 2006; the growth quantifier is a measurement that combines percentage and absolute growth.
Only 95,000 businesses - or 0.5 percent of the 19 million businesses - met the above criteria. Entrepreneur then contacted the businesses with the greatest growth to confirm eligibility. To be eligible, the founder must be actively involved in the company, the company cannot be a spinoff or a division of a larger company, and company sales for 2006 must be at least $1 million. From this list, the Hot 500 was selected.
About Bridgeline Software, Inc.
Headquartered in Massachusetts, with additional locations in Atlanta, New York, Washington D.C. and Bangalore India, Bridgeline Software is a developer of award winning web applications and an on-demand web based platform called Orgitecture. This scalable on-demand web based platform provides expandable modules such as Content Management, Relationship Management, eSurvey, eNewsletter, eCommerce, Event Registration and Integrated Grants Management. Bridgeline Software's teams of developers specialize in information architecture, usability engineering, SharePoint development, web application development, rich media development, e-commerce, and eTraining development.
Bridgeline Software has over 250 customers that include: The Bank of New York, RSA Security, Nomura Securities, EMC, John Hancock, AARP, Pfizer, Goldman Sachs, The Packard Foundation, DTTC, Cadaret, Grant & Co., Perkin Elmer, UBS, Citibank, National Financial Partners, Newton-Wellesley Hospital, JBHanauer & Co., Omgeo, the Gill Foundation, The Commonwealth Fund, Massachusetts Institute of Technology, and the Smithsonian Institute. To learn more about Bridgeline Software, please visit www.bridgelinedigital.com.