Inc. Magazine Unveils 28th Annual List of America’s Fastest-Growing Private Companies—the Inc. 500

Spinnaker Named to Inc. 500 list with three-year Sales Growth of 528.5%

DENVER – August 12, 2009 – Inc. magazine announced its 28th annual Inc. 500 ranking of the fastest-growing private companies in the country. Spinnaker, a leading provider of supply chain consulting, execution and application support; made the list for the second year in a row with a 528.5% three-year growth rate.

“We’re excited to be recognized on the Inc. 500 list, as it is a tremendous validation of the consistent hard work and commitment to customer service by the Spinnaker team,” said Matt Stava, Co-founder and Managing Principal at Spinnaker. “We’ve experienced significant growth over the past few years and are on track to continue that trend at an accelerated rate moving forward.”

The list represents a comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. Despite the ongoing recession, the 2009 Inc. 500 offers a glimpse of the future of the U.S. economy.

Stava continued, “The economic conditions most companies are experiencing today are fueling the need to streamline their supply chain and cut costs. Our third party support service, which provides maintenance for Oracle Corporation’s (NASDAQ:ORCL) JD Edwards software, has seen tremendous growth in the past 12 months. This increase in demand is due in large part to the fact that we can deliver a personalized support model at nearly half the cost that clients were paying elsewhere. Spinnaker has a reputation for delivering high value solutions with a quick ROI and those are the projects that are getting funded.”

“If you want to know which companies are going to change the world, look at the Inc. 500,” said Inc. editor Jane Berentson. “These are the most dynamic, fast-growth companies in the nation, the ones finding innovative solutions to problems, creating smart systems, and inventing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition.”

Methodology

The 2009 Inc. 500 measures revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2008. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2005 is $200,000; the minimum for 2008 is $2 million.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.

About Spinnaker

Founded in 2002, Spinnaker leads the industry with innovative supply chain solutions to ensure that clients remain competitive in the global marketplace. Spinnaker’s services include supply chain consulting, supply chain execution and application support services.  Spinnaker serves Fortune 500 companies to start up enterprises, most of whom are market leaders in their respective industries, including semiconductor manufacturers, energy companies, telecommunications companies, and the food and beverage industry.  Spinnaker delivers supply chain excellence with world-class people, processes, technology, and operational know-how.  Since its inception, Spinnaker has doubled revenues each year through organic growth and acquisitions.  Headquartered in Denver, Spinnaker offices are also located in Boston, Singapore, and London.