Phase Forward (NASDAQ: PFWD), a leading provider of data management
solutions for clinical trials and drug safety, is included in the
FORTUNE Small Business 100 list for the second consecutive year, ranking
20th among America’s fastest-growing small public companies.
Up from 38th last year, the company is also the top-ranked
company in the state of Mass. and seventh among the 30 technology
companies featured.
To compile the ninth annual list, FORTUNE Small Business asked financial
research firm Zacks to screen annual reports for public companies with
annual revenue of less than $200 million and a stock price of more than
$1. Within that group, companies were ranked based on the past three
years’ earnings growth, revenue growth and stock performance. The list
appears in the July/August issue of FORTUNE
Small Business.
“We’re pleased to be recognized by FORTUNE Small Business for the second
year, which is a real testament to the caliber and commitment of our
employees,” said Bob Weiler, Chairman and CEO, Phase Forward. “This past
year has been an incredibly important year for us and we’ve worked hard
to further expand our product lines to offer our customers a
comprehensive, end-to-end approach to clinical trial data and safety
management.”
Phase Forward closed 2008 with record revenues of $170.2 million, up 27
percent from 2007, and announced a 22 percent increase in GAAP revenues
for the second quarter of 2009 over the same quarter last year.
About FORTUNE Small Business
FORTUNE Small Business is the premier magazine for – and about – small
business owners, with the largest audience and rate base in the small
business category. Through a partnership with American Express, FSB is
distributed 10 times a year and reaches 1 million owners and partners of
leading small businesses. With unmatched resources and access to the
industry’s most innovative thinkers, FSB delivers best practices,
connects small business owners to a community of their peers and arms
them with the inspiration and actionable advice they need to succeed.
FSB, along with FORTUNE, Money, and the Website CNNMoney.com, is part of
The Fortune|Money Group. Time Inc. is a division of Time Warner, a
leading media and entertainment company.
About Phase Forward
Phase Forward is a leading provider of integrated data management
solutions for clinical trials and drug safety.
