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Purchasing Power Named To Inc. 5000 for Seventh Consecutive Year

Inc. Magazine's Annual Listing Recognizes Fastest-Growing Private Companies in America

ATLANTA, Sept. 3, 2014 /PRNewswire-iReach/ -- Purchasing Power, a specialty e-retailer offering American workers the opportunity to purchase consumer products and services through an industry-leading voluntary benefit, today announced it has obtained a ranking of 4,071 on the 2014 Inc. magazine annual listing of the fastest-growing private companies in America.

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This is the seventh consecutive year the company has appeared on the list, which makes Purchasing Power one of the 388 Honor Roll Alumni who have appeared at least six times on the Inc. 5000 list.

Purchasing Power also ranked 166th on the list of top companies in the Atlanta Metro Area, 177th on the list of top companies in Georgia, and 350th in the nation in the Business Products & Services category.

"We pioneered the concept of an employee purchase program and have grown from providing a new kind of voluntary benefit to being the industry leader as well as a proven promoter of financial wellness," said Richard Carrano, Purchasing Power President and CEO.

In the process, Purchasing Power has become accepted by human resources professionals as a way to reduce employee financial stress, improve job satisfaction, and retention. "The most exciting part about this, though, is that it's not about the products or services we sell; it's about Powering people to a better life™," he added. 

Methodology

The 2014 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2010 to 2013. To qualify, companies must have been founded and generating revenue by March 31, 2010. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2013. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2010 is $100,000; the minimum for 2013 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000/list/2014.

About Purchasing Power

Headquartered in Atlanta, Purchasing Power is available to six million people through large companies – including Fortune 100s – and government agencies. Purchasing Power is one of the fastest-growing specialty e-retailers in the market offering a leading voluntary benefit program. Purchasing Power was honored for "World Class Service" by Smart Business, recognized as one of the fastest-growing companies for seven years on the Inc 500|5000, and is one of "Atlanta's Best and Brightest Companies to Work For." Purchasing Power is 'Powering People to a Better Life™' through its employee purchase program, financial literacy efforts and charitable contributions. Purchasing Power is a Rockbridge Growth Equity, LLC Company. For more information, visit PurchasingPower.com.

Media Contact: Kristen Weeks, Purchasing Power, 404-609-5156, [email protected]

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SOURCE Purchasing Power

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