|[August 20, 2014]
Inc. Magazine Adds Trax Technologies to 2014 Inc. 5000
NEW YORK --(Business Wire)--
Inc. magazine has recognized Trax Technologies as one of the
fastest-growing private companies in America. Today, Trax was added to
the 2014 Inc. 500|5000. The list represents the most comprehensive look
at the country's independent entrepreneurs.
"What surprises me, even though I know it's coming, is the sheer variety
of the paths our entrepreneurs take to success, thematically reflecting
how our economy has evolved," said Inc. President and Editor-In-Chief
The Inc. 500|5000 is ranked according to percentage revenue growth when
comparing 2010 to 2013. Trax enjoyed a 57%
three-year growth rate between 2010 and 2013, landing it on Inc.'s
eighth annual list.
"Over the last few years we have assembled a great team at Trax and this
recognition helps validate that," said Trax CEO Scott Nelson. "But this
is just the beginning. We are a global
company and we expect even greater growth in the coming years."
According to Inc. the 2014 Inc. 5000 is the most competitive crop in
the list's history. The Inc. 5000's aggregate revenue is $211 billion,
generating 505,000 jobs over the past three years. Complete results can
be found at www.inc.com/inc5000.
Trax Technologies, Inc. provides a logistics data refinery that serves
both buyers and sellers of logistics services. The company adds value by
refining logistics data that comes from multiple sources. Before Trax
refines logistics data, it is often inaccurate, incomplete, or
Trax estimates that such bad logistics data costs the $4.2
trillion transportation industry hundreds of billions of dollars a
year. The cost arises from inefficiency, uncontrolled financial risk,
distorted financial reporting and sub-optimal decision making.
Through an open SaaS (News - Alert) technology platform, Trax cleans, completes and
reconciles bad logistics data. Companies can then use the purified
logistics data to reduce the high cost of industry inefficiency. They
can also reduce uncontrolled
risk, improve financial reporting and make better decisions through
improved data analytics.
Trax operates offices in the U.S., Europe, Asia and Latin America.
For more information, visit www.traxtech.com.
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