Fishbowl Ranked 22nd Fastest Growing Utah Company at 2009 Utah 100
October 28, 2009
Strong core, new release, growing new market contribute to 1,147 percent growth
SALT LAKE CITY, Oct. 28, 2009 – Fishbowl® (www.fishbowlinventory.com) experienced 1,147 percent revenue growth between 2004 and 2008 and was ranked the 22nd fastest growing company in Utah at the MountainWest Capital Network’s (www.mwcn.org) Utah 100 event Friday.
Fishbowl attributes its growth to consistent and increased sales of its Fishbowl Inventory® software as an add-on solution for Intuit® QuickBooks® users, as well as to a growing list of standalone (non-QuickBooks) customers. Fishbowl Inventory is the #1 requested inventory solution for QuickBooks.
“Our core base of small to medium sized businesses who use QuickBooks as their main accounting platform continues to grow year after year,” said David K. Williams, Fishbowl CEO. “Additionally, we find many larger companies are leaving their complex, expensive systems to go back to QuickBooks with Fishbowl Inventory. This, along with a growing list of non-QuickBooks customers, provides strong and consistent revenue growth for the company.”
Revenue indicators for Fishbowl:
- Strong core market. There are approximately 4 million copies of QuickBooks in use, which accounts for 89 percent of the small business accounting software. It is estimated that 40 percent of those companies need inventory management solutions.
- Growth flexibility. Many companies find the flexible and cost effective combination of QuickBooks and Fishbowl Inventory can grow along with them. In fact, some larger companies are downsizing to Fishbowl to save money while getting the same level of inventory management they had before.
- Standalone customers. A growing number of universities, government agencies, and organizations of all sizes use Fishbowl Inventory as a standalone solution for tracking assets. All of the food on the International Space Station and NASA’s Space Shuttle program, for example, is tracked from raw ingredients to consumption using Fishbowl Inventory.
- Fishbowl Inventory 2010. Fishbowl will release Thursday its latest software. Fishbowl Inventory 2010 has a new Manufacturing Option designed to provide full assembly and production capabilities seamlessly integrated with QuickBooks.
The annual Utah 100 program recognizes the 100 fastest growing companies in Utah. They are selected from eligible applicants throughout the state. Rankings are determined by the percentage of revenue increase from 2004 through 2008.
A private company based in Orem, Utah, Fishbowl and its cornerstone product, Fishbowl inventory, make it possible for every small to mid-size company to have the level of flexible and mobile inventory control solutions large organizations enjoy. Since 2001, Fishbowl has become the #1 requested inventory solution for QuickBooks. For QuickBooks users, the flexible and cost-effective combination of QuickBooks and Fishbowl can grow along with you as your company grows. Fishbowl Inventory 2010 is available from www.fishbowlinventory.com and from a growing network of VARs and online channel partners throughout the U.S. and Canada.