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Archive for August, 2012

AMP Agency Ranks on the Inc. 500|5000 Annual List of America’s Fastest-Growing Private Companies with Three-Year Sales Growth of 86%

Inc. magazine ranked AMP Agency on its 31st annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. Overall, AMP Agency ranked 2,722 on the Inc. 5000 list with a ranking of 97 in the Boston area and 245 in the Advertising and Marketing industry. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Companies such as Microsoft, Zappos, Intuit, Jamba Juice, Zipcar, Clif Bar, Vizio, Oracle, and many other well-known names gained early exposure as members of the Inc. 500|5000.

The 2012 Inc. 500, unveiled in the September issue of Inc. (available on newsstands August 21 to November 15 and on Inc.com), is the most competitive crop in the list’s history. To make the cut, companies had to have achieved a staggering minimum of 770% in sales growth. The Inc. 500’ s aggregate revenue is $15.7 billion, with a median three-year growth of 1,431 percent. The companies on this year’s Inc. 500 employ more than 48,000 people and generated over 40,000 jobs in the past three years. Complete results of the Inc. 500|5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/500.

“Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward.  Growth companies, not large corporations, are where the action is,” says Inc. magazine Editor Eric Schurenberg.

More About the Inc. and the Inc. 500|5000

Methodology

The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found atwww.inc.com/500.

About Inc.

Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders.  Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today.  For more information, visit www.inc.com.

AMP Agency Ranks on the Inc. 500|5000 Annual List of America’s Fastest-Growing Private Companies with Three-Year Sales Growth of 86%
Inc. magazine ranked AMP Agency on its 31st annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. Overall, AMP Agency ranked 2,722 on the Inc. 5000 list with a ranking of 97 in the Boston area and 245 in the Advertising and Marketing industry. The list represents the most comprehensive look at the most important […] »

AspenTech Introduces New Aspen Plus® University Teaching Modules

Equips Chemical Engineering Students with Practical Workforce Experience Using World’s Leading Process Simulator

BURLINGTON, MA  — Aspen Technology, Inc. (NASDAQ: AZPN) a leading provider of software and services to the process industries, announced the availability of new Aspen Plus software university teaching modules.  The new modules make it easy for chemical engineering professors to equip students with practical workforce experience using the world’s leading process simulator.The new Aspen Plus teaching modules strengthen students’ critical simulation and modeling skills.  They were created in collaboration with chemical engineering professors from Columbia University, Massachusetts Institute of Technology, Rowan University, Tufts University, University of Massachusetts, University of Pennsylvania, and Virginia Polytechnic Institute and State University.The modules provide step-by-step tutorials for reactors, thermodynamics/flash, distillation, material/energy balance, dynamics, and design.  This includes simulation for plug flow reactors, continuously stirred tank reactors, flash calculations, equation of state, simple and complex distillation, steady state and dynamic flowsheets, and basic process design.

Over 700 universities and colleges worldwide use the same industry-leading AspenTech software as global process industry leaders.  Aspen Plus is part of the aspenONE Engineering® software suite, used by process engineers to model, build, and operate safer, competitive, and more reliable process plants.

The new Aspen Plus teaching modules are available immediately to all universities and colleges.

Supporting Quotes

Dr. Mike Henson, Director, Center for Process Design and Control, UMass Amherst; Trustee and Secretary, Computer Aids for Chemical Engineering (CACHE)

“Aspen Plus teaching modules provide practical experience and training on process simulation tools early in the undergraduate chemical engineering curricula.  As a result, students can become proficient at process engineering much earlier in their undergraduate education than they were able to in the past.  This gives our students a significant advantage when beginning their careers.”

Barry Johnston, Senior Lecturer and Undergraduate Officer, MIT

“The use of AspenTech products in undergraduate education benefits students, universities, and the industry. The teaching modules from AspenTech enable students to gain hands-on experience with industry-standard tools.   By using Aspen Plus now, our students are more quickly productive when they enter the workforce.”

Manolis Kotzabasakis, Executive Vice President, Products, AspenTech

“From our roots in the ASPEN project at MIT in the late 1970s through today, AspenTech has worked in close collaboration with chemical engineering departments at the world’s leading universities.  As the next generation of process engineers prepares to enter the workforce and address tomorrow’s energy challenges, we’re proud to support chemical engineering curricula and help the next generation of professionals receive hands-on experience with the world’s leading process simulator.”

Supporting Resources

About AspenTech

AspenTech is a leading supplier of software that optimizes process manufacturing – for energy, chemicals, engineering and construction, and other industries that manufacture and produce products from a chemical process.  With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations.  As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs and become more energy efficient.  To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com.

AspenTech Introduces New Aspen Plus® University Teaching Modules
Equips Chemical Engineering Students with Practical Workforce Experience Using World’s Leading Process Simulator BURLINGTON, MA  — Aspen Technology, Inc. (NASDAQ: AZPN) a leading provider of software and services to the process industries, announced the availability of new Aspen Plus software university teaching modules.  The new modules make it easy for chemical engineering professors to equip students with practical workforce experience […] »

New Assay Management Functionality in Aspen PIMS™ Software Optimizes Crude Purchasing Decisions and Increases Profitability

Enhancements to World’s Leading Refinery Planning Application Streamline Workflow for Feedstock Selection

BURLINGTON, MA — August 27, 2012 — Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, announced new assay management functionality in Aspen PIMS software software that optimizes crude purchasing decisions and increases profitability.  The assay management enhancements to the world’s leading refinery planning application streamline workflow for feedstock selection.Traditionally, refinery planners maintain their own assay libraries and use disparate technologies, which leads to inaccurate and inefficient planning.  The new functionality from AspenTech now allows planners to add, modify, and recut assays directly in Aspen PIMS, enabling them to quickly evaluate more scenarios with greater accuracy.

Aspen PIMS’ assay management capabilities allow users to import assay data from external sources and more efficiently manage their crude feedstocks.  Guided, automated workflows increase productivity, while alerts notify planners for the next step in the process to shorten their learning curve.

Aspen PIMS is part of the aspenONE® Petroleum Supply Chain software suite.  The latest update to Aspen PIMS is available immediately.Aspen PIMS is part of the aspenONE®Petroleum Supply Chain software suite.  The latest update to Aspen PIMS is available immediately.

Supporting Quotes

Paul Gallagher, Refinery Planning Manager, Samsung Engineering

“I think AspenTech is going in the right direction with the introduction of Assay Management within Aspen PIMS.  This will streamline the analysis of huge amounts of data to generate a better operating plan. Two elements of this technology are especially pleasing.  I like that the output will preserve the Excel formulas contained in an existing assay table and also that the output will also preserve any additional structures that have been added to the table.”

Manolis Kotzabasakis, Executive Vice President, Products, AspenTech

“The world’s leading refinery planning software just got stronger with Aspen PIMS’ enhanced assay management functionality.  To combat tremendous cost pressures and tight margins, refiners are optimizing their planning performance to drive operational excellence.  PIMS assay management streamlines feedstock planning processes and delivers better insights in crude selection.  As a result, our customers can achieve greater predictability in their refining capacity to improve profitability.”

Supporting Resources

About AspenTech

AspenTech is a leading supplier of software that optimizes process manufacturing – for energy, chemicals, engineering and construction, and other industries that manufacture and produce products from a chemical process.  With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations.  As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs and become more energy efficient.  To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com

New Assay Management Functionality in Aspen PIMS™ Software Optimizes Crude Purchasing Decisions and Increases Profitability
Enhancements to World’s Leading Refinery Planning Application Streamline Workflow for Feedstock Selection BURLINGTON, MA — August 27, 2012 — Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, announced new assay management functionality in Aspen PIMS software software that optimizes crude purchasing decisions and increases profitability.  The assay management enhancements to the world’s leading refinery planning application […] »

aspenONE® Engineering Software Enhancements Make it Easier to Model, Track, and Reduce CO2 Emissions

Market-Leading Aspen Plus® Process Simulator Transforms Greenhouse Gas Emissions from a Challenge to an Opportunity

BURLINGTON, MA  — Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, announced enhancements to aspenONE Engineering software that make it easier to model, track, and reduce CO2 emissions.  The market-leading Aspen Plus process simulator – part of the aspenONE Engineering software suite – helps process manufacturers transform greenhouse gas emissions from a challenge to an opportunity.Process manufacturers face increasing regulatory requirements, emissions penalties and rising operating costs.  Using Aspen Plus software, AspenTech customers can turn these challenges into business advantage through reduced energy and emissions costs and by enabling the creation of alternative fuel sources from the emissions.

For example, process manufacturers can use Aspen Plus to create better carbon capture and biofuel process models powered by the most comprehensive physical property database.  Improved amine solvent models enable users to make closer process predictions.  With the new Aspen Plus models, customers can improve their designs and optimize them for energy use and carbon loading.

In addition, the latest enhancements help process manufacturers easily achieve regulatory compliance by simplifying the tracking and calculation of their CO2 emissions from all sources.  While calculating emissions loads, process engineers can optimize their designs to select utility sources and energy use strategies that reduce carbon footprints.

The enhancements also make Aspen Plus the product of choice for reducing emissions through advanced carbon capture processes and conversion to biomass and biofuels synthesis.  As the most widely used product for modeling these processes, Aspen Plus can transform CO2 from a pollutant into a biofuels feedstock.

The latest update to the aspenONE Engineering software is available immediately.

Supporting Quotes

Dr. Eric Dunlop, President, Pan Pacific Technologies

“The flexible modeling capabilities afforded by Aspen Plus allow us to take an innovative approach to simulating our carbon conversion bioprocess.  We were able to look at a variety of design scenarios and investigate scale-up and project constraints.  This helps us determine the physical and economic viability of alternative systems.”

Josh Stanislowski, Research Manager, Energy & Environmental Research Center

“Aspen Plus has been instrumental in modeling and evaluating our CO2 capture process, which facilitates our ability to successfully predict conditions for increased capture in our pilot plant and to size and cost a conceptual full-scale facility. By improving the accuracy of modeling carbon capture, we can help industry in the selection of processes and solvents that significantly reduce emissions and create value for captured CO2 for our consortium members.”

Manolis Kotzabasakis, Executive Vice President, Products, AspenTech

“For years, Aspen Plus has helped our customers to turn their design and optimization challenges into opportunities.  The new Aspen Plus enhancements make it even easier for companies to optimize their energy management and emissions and increase profitability.  Our tireless commitment to product innovation helps AspenTech maintain its leadership position as customers find new and better ways to meet today’s energy optimization challenges using our software.”

Supporting Resources

About AspenTech

AspenTech is a leading supplier of software that optimizes process manufacturing – for energy, chemicals, engineering and construction, and other industries that manufacture and produce products from a chemical process.  With integrated aspenONE solutions, process manufacturers can implement best practices for optimizing their engineering, manufacturing and supply chain operations.  As a result, AspenTech customers are better able to increase capacity, improve margins, reduce costs and become more energy efficient.  To see how the world’s leading process manufacturers rely on AspenTech to achieve their operational excellence goals, visit www.aspentech.com

aspenONE® Engineering Software Enhancements Make it Easier to Model, Track, and Reduce CO2 Emissions
Market-Leading Aspen Plus® Process Simulator Transforms Greenhouse Gas Emissions from a Challenge to an Opportunity BURLINGTON, MA  — Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, announced enhancements to aspenONE Engineering software that make it easier to model, track, and reduce CO2 emissions.  The market-leading Aspen Plus process simulator – part of the aspenONE Engineering […] »

More than 300 Health-Care Providers This Year Turn to Curaspan Health Group for Single-Platform Solution

Hospitals, Health Systems, IDNs & Post-Acute Providers, Chains Rely on Company to Improve Patient Transitions from One Level of Care to Another

NEWTON, Mass. — Curaspan Health Group®, the industry leader in building secure electronic patient-transition networks for hospitals, post-acute providers and payers to optimize outcomes as patients move between levels of care, has grown revenue year-to-date by nearly 20 percent and its customer base by almost 10 percent. The company now has more than 4,400 customers in 41 states plus the District of Columbia.

“We’re very excited to be working with Curaspan to streamline patient transitions,” said Dolly McCranie, RN, director of case management at Central Florida Health Alliance in Leesburg, Fla. “By automating manual tasks, we’ll have more time that we can spend with patients.”

“The confidence that providers have in our one platform to power connected, coordinated and collaborative patient management for better care and better financial results is very gratifying,” said Curaspan president and CEO Thomas R. Ferry. “As providers prepare for ACOs, value-based purchasing and other new models of care and reimbursement, they recognize the value we deliver to support their initiatives.”

“Curaspan helps us strengthen our leadership in health care and technology,” explained Bryan C. Kerr, executive director of administration at Mobile Infirmary Medical Center in Mobile, Ala. “Its Web-based workflow automation tools and years of experience connecting hospitals with community partners position us for increased operational efficiency and better outcomes.”

New Curaspan hospital and health-system customers include Bethesda West Hospital, Boynton Beach, Fla.; Botsford Hospital, Farmington Hills, Mich.; Howard County General Hospital, Columbia, Md.; Memorial Sloan-Kettering Cancer Center, New York; Owensboro Medical Health System, Owensboro, Ky.; UNM Sandoval Regional Medical Center, Rio Rancho, N.M.; South Nassau Communities Hospital, Oceanside, N.Y.; Northwest Hospital, Randallstown, Md.; Suburban Hospital, Bethesda, Md.; and Upstate University Hospital Community Campus, Syracuse, N.Y.

Other organizations have expanded their relationship with the company. Johns Hopkins Health System now has seven facilities using applications that are part of the Curaspan Synchronized Patient Management™ solution, having deployed to two additional hospitals DischargeCentral®, the application for streamlined discharge planning.

“DischargeCentral has been a vital part of how social workers do their work,” said Carol Stansbury, LCSW-C, director of medicine/surgery social work at Johns Hopkins Hospital in Baltimore. “The productivity, the timeliness and our ability to view reports to track readmissions make it a valuable tool. We honestly don’t know what we would do without it.”

The Northeast Rehabilitation Hospital Network in New England, which in 2007 began its relationship with Curaspan using ReferralCentral® for referral management, this year also adopted Curaspan applications for discharge planning.

“It was a no-brainer to extend our relationship with Curaspan because of the improved outcomes we’ve experienced using the referral-management application,” added Patricia Buiocchi, BSN, Northeast Rehab’s vice president of business development and strategic planning. “This helps us further automate coordination between levels of care.”

In addition to the DischargeCentral software-as-a-service (SaaS) application, Curaspan offersRideCentral® for managing non-emergent transport and has introduced ReviewCentral™ for utilization review.

“We’re looking forward to the same efficiency and productivity gains with utilization review as we have with Curaspan for discharge planning,” said Angela Roberson, RN, director of case management at Spartanburg Regional in Spartanburg, S.C.

The significant growth of hospitals among Curaspan customers has been paralleled by growth with post-acute providers. Among new national accounts utilizing the Curaspan solution at multiple sites are Fundamental in Sparks, Md.; HCR ManorCare in Toledo, Ohio; HealthSouth in Birmingham, Ala.; Intrepid in Dallas; and LHC Group in Lafayette, La.

Founded in 1999, Curaspan set the standard for the secure transmission of clinical data about patients moving from one level of care to another. Long-standing customers include NewYork-Presbyterian Hospital, Saint Thomas Health (part of Ascension Health), Vanguard Health Systems, Amedisys Home Health Care, American Medical Response, Gentiva Health Services, Golden Living and Life Care Centers of America.

About Curaspan Health Group 
Curaspan Health Group connects providers, payers and suppliers via secure electronic patient-transition networks to improve outcomes as patients move between levels of care. The Web-based platform and applications that power those networks make up the Curaspan Synchronized Patient Management™ solution. Interoperable with all HIS, it’s the foundation for initiatives like ACOs, HIEs, value-based purchasing and other evolving models of care and reimbursement. With a unique combination of workflow tools, content and service, it helps improve operational efficiency and clinical care at leading health-care organizations nationwide. Founded in 1999, Curaspan headquarters are in Newton, Mass. For more information, please visit Curaspan.com.

More than 300 Health-Care Providers This Year Turn to Curaspan Health Group for Single-Platform Solution
Hospitals, Health Systems, IDNs & Post-Acute Providers, Chains Rely on Company to Improve Patient Transitions from One Level of Care to Another NEWTON, Mass. — Curaspan Health Group®, the industry leader in building secure electronic patient-transition networks for hospitals, post-acute providers and payers to optimize outcomes as patients move between levels of care, has grown revenue […] »

Candescent Partners Announces Merger of Quadrant Software Inc. and Softbase Systems

Boston, MA  Candescent Partners, a Boston-based private equity firm, today announced the completed merger of SoftBase Systems Inc., a leading provider of DB2 z/OS coding, testing and deployment tools, with Quadrant Software, LLC the leader in Document Output Management (DOM).  Quadrant Software Inc., (QSI) becomes the parent company, and Softbase will operate as a division of Quadrant.

“The merger of Quadrant and Softbase provides a greater breadth of resources, market reach, channel options and, in particular, it expands the opportunity for the company to make further acquisitions in the IBM iSeries and DB2 markets and add additional offerings for customers who rely on these platforms,” said Stephen Jenks, Managing Partner of Candescent Partners. “Under CEO Stephen Woodard’s leadership, the company has become even more customer-centric by strengthening and advancing these key relationships and it is better positioned to grow through organic development and future acquisitions serving customers within the IBM ecosystem.”

“Over the past year, we have invested in further strengthening the management team in the areas of finance and customer service. We’ve completely revamped the sales and indirect channel team, and devoted much resource to upgrading product functionality,” said Stephen Woodard, CEO of QSI. “We’ve invested in these areas to build on our tradition of stellar customer service and product development.”

As part of the merger, Silicon Valley Bank provided a term loan to recapitalize the combined companies.

About Quadrant Software

Founded in 1990, Quadrant Software is a leading provider of Document Output Management (DOM) software and solutions for the enterprise.  Through its award-winning FastFax and Formtastic product lines, companies can electronically create and manage mission critical documents that are delivered via print, fax or email to reduce expenses, increase productivity and improve communication in a more secure and compliant manner. Quadrant Software works with customers and partners around the world in key markets including finance, manufacturing, transportation, retail and healthcare.  For more information on Quadrant Software and its DOM solutions visit us online, www.quadrantsoftware.com or call 800-258-3399/508-594-2700 or email quadrant@quadrantsoftware.com .

About Candescent Partners, LLC

Candescent Partners is a Boston-based private equity firm that invests in the acquisition, growth and recapitalization of lower middle market companies in healthcare services, business services, software and consumer products and services. Steve Jenks and Sandy McGrath founded Candescent in 2009 and Steve Sahlman later joined as a Principal. Candescent invests in businesses with annual EBITDA between $2 and $8 million and enterprise values between $10 and $75 million. For more information, visit:www.candescentpartners.com

Candescent Partners Announces Merger of Quadrant Software Inc. and Softbase Systems
Boston, MA – Candescent Partners, a Boston-based private equity firm, today announced the completed merger of SoftBase Systems Inc., a leading provider of DB2 z/OS coding, testing and deployment tools, with Quadrant Software, LLC the leader in Document Output Management (DOM).  Quadrant Software Inc., (QSI) becomes the parent company, and Softbase will operate as a division of Quadrant. “The merger […] »

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