Scivantage Named to Inc. 5000 List for Second Consecutive Year

Ranked No. 1,041 on the 2008 Inc. 5000 list
Among Top 100 Fastest Growing Businesses in New York, New Jersey and Pennsylvania region

Scivantage, a leading provider of web-based, front- and middle-office technology solutions to the financial services industry, today announced that it has been named to the Inc. 5000 fastest-growing privately held companies in the U.S. Based on solid revenue growth over the past three years, Scivantage ranked No. 1,041 overall on the Inc. 5000 list with a growth rate of 358.6% and No. 83 among the Top 100 Businesses in New York-Northern New Jersey-Long Island, NY-NJ-PA regions.

The list is the most comprehensive look at the most important segment of the economy – America’s independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy.

“Our second annual Inc. 5000 continues the most ambitious project in business journalism,” said Inc. 5000 Project Manager Jim Melloan. “The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth.”

Scivantage’s President and CEO Adnane Charchour credits a dedication to innovation and strong client relationships as the driving force behind the company’s continued growth from 2004 through 2007. Charchour said, “We are honored to be ranked once again on the Inc. 5000 list alongside leading private companies from across the U.S. This recognition is an excellent measure of Scivantage’s innovative technology, strong client base and dedicated, entrepreneurial staff.” Charchour went on to say, “Our success in delivering technology solutions that help financial institutions streamline and automate business-critical processes and transactions, with compatibility to all major brokerage back office systems is what continues to set us apart.”

This is Scivantage’s second consecutive year on the Inc. 5000 list. In 2007, Scivantage ranked No. 225 overall on the Inc. 500 list, No. 14 in the Top Companies in Financial Services and No. 18 in the Top Companies in New York-Northern New Jersey-Long Island, NY-NJ-PA region.

The 5000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc5000.com.

Methodology

The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, independent – not subsidiaries or divisions of other companies – as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.

Companies can apply for next year’s Inc. 5000 by registering with “IncBizNet, Business Network for Private Companies”, at www.incbiznet.com.

About Scivantage

Leading financial institutions depend on Scivantage for essential front- and middle-office applications that deliver transaction-critical data, automate key business processes and drive operational efficiencies. Scivantage’s proven, back-office independent brokerage solutions offer a powerful suite of applications that span the workflow of financial professionals and support the complex investment needs of the retail investor. From online trading and event notification management to automated account opening, maintenance and funding, Scivantage enables financial institutions and financial professionals to dramatically reduce operational costs, strengthen customer relationships and improve productivity. For more information, please visit www.scivantage.com or contact us at +1.866.724.8268.

Enabling Financial Transactions. > Automate > Connect > Transact

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About Inc. 500|Inc. 5000 Conference Each year, Inc. magazine and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars — the privately held small businesses that drive our economy. The Inc. 500|Inc. 5000 Conference brings together members of the Inc. 5000 community—both a new class of Inc. 5000 honorees and the list’s alumni—for three days of powerful networking, inspired learning, and momentous celebration. For the first time ever, this powerful networking event is open to all. Please join us September 18-20, 2008 at the Gaylord National Resort and Convention Center in Washington, D.C. For more information or to register, visit www.Inc500Conference.com or call us at 877-211-0489.

Contacts

Scivantage
Elise Birkmeier, +1-646-452-3267
Marketing
elise.birkmeier {at} scivantage(.)com