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Reporting revenues of $100.7 million in 2008, the company saw a 27.79 percent change in revenue from 2007 and ranked ninth on the annual list, which takes both revenue and total personnel employed into account. This growth has been attributed to the company's transition from a seller of mobile workstations and devices to a complete provider of mobility, consulting and supply chain solutions to the healthcare and commercial industries.
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"To be listed in the top 10 fastest growing public companies in the Philadelphia region is a great honor," says David Gulian, President and CEO of InfoLogix. "In the past few years, the team at InfoLogix has worked tirelessly to refocus our vision, and bring a complete suite of solutions and services to our valued customers. We're pleased that our efforts have led to sustained growth thus far, and look to continue this success in the future."
The Philadelphia Business Journal's annual list ranks the top 125 fastest growing public companies in the Philadelphia region. The list is compiled through revenue and employee figures from corporate financial disclosures. Percent change for annual revenue and employment was calculated, and used to create a weighted growth score based on 60 percent revenue growth and 40 percent employee growth.
About InfoLogix, Inc.
InfoLogix is a leading provider of enterprise mobility solutions for the healthcare and commercial industries. InfoLogix uses the industry's most advanced technologies to increase the efficiency, accuracy, and transparency of complex business and clinical processes. With 19 issued patents, InfoLogix provides mobile managed solutions, on-demand software applications, mobile infrastructure products, and strategic consulting services to over 2,000 clients in North America including Kraft Foods, Merck and Company, General Electric, Kaiser Permanente, MultiCare Health System and Stanford School of Medicine. InfoLogix is a publicly-traded company (Nasdaq: IFLG).
Safe Harbor
InfoLogix makes forward-looking statements in this press release which represent our expectations or beliefs about future events and financial performance. Forward-looking statements are identifiable by words such as "believe," "anticipate," "expect," "intend," "plan," "will," "may" and other similar expressions. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances are forward-looking statements. Forward-looking statements are subject to known and unknown risks and uncertainties, including the risks described in our Annual Report on Form 10-K for the period ended March 31, 2008 and other filings we make with the Securities and Exchange Commission. In addition, actual results could differ materially from those suggested by the forward-looking statements, and therefore you should not place undue reliance on the forward-looking statements. We do not make any commitment to revise or update any forward-looking statements to reflect events or circumstances occurring or existing after the date of any forward-looking statement is made.
Media Contact for InfoLogix: Kristy DelMuto Gregory FCA 610-642-8253 x144 [email protected] Corporate Contact: Jason Fradin Vice President of Marketing 215-604-0691 x1194 [email protected]
SOURCE InfoLogix, Inc.
