CRP Invests in United Country Real Estate
Capital Resource Partners V recently completed a $10.25 million investment in United Country Real Estate, a rural real estate franchisor that provides lead generation and information services to its franchisees. The Company offers its franchisees brand equity, technology support services, training, marketing, print advertising, signage and the benefits of being a member of a nationwide network.
K2 Receives #1 Rated Painting Contractor Award
Engineering News-Record (ENR) Magazine, the most recognized, construction trade magazine in the world, has rated K2 Industrial Services as the #1 Top Rated Painting Contractor in America. Amongst the 14 largest construction trades in America, including crafts such as Mechanical, Electrical, Steel Erection, etc., K2 Industrial Services is rated #101st overall when comparing the Top 600 Specialty Contractors in the nation. Copies of this magazine article can be found by going to the October 17th, 2005 issue of Engineering News-Record Magazine.
CommercialWare: Newly Independent OrderMotion Emerges with Donny Askin as CEO
OrderMotion, the award winning provider of a web-based order- and fulfillment-management system for multi-channel retailers, today announced that Donny Askin has been named CEO of the newly incorporated company.
The recent acquisition of CommercialWare, Inc. by Datavantage presented the opportune moment to establish OrderMotion as a separate company and appoint Donny Askin as its CEO, bringing over 30 years of retail software expertise to the firm. Prior to taking over leadership of OrderMotion, Askin was founder, chairman, and CEO of CommercialWare, the leading provider of cross-channel commerce solutions for retailers.
OrderMotion, founded in 1994 by Niels Christensen, is a rapidly growing company, averaging 225% growth for each of the past two years. Purchased by CommercialWare in 2003, OrderMotion provides an outsourced solution for the mission-critical planning, coordination, processing and fulfillment of orders for small to medium sized direct commerce companies. The software as a service (SaaS) model of OrderMotion allows small- and medium-sized retailers to quickly deploy an integrated order- and fulfillment-management system without investing in hardware, software, programming, maintenance, staffing or upgrades.
During the 2005 holiday season, direct marketers using OrderMotion processed more than 1 million orders, bringing the total revenue processed for the year to over $330 million.
"For small and mid-sized retailers, providing top-flight customer service is vital. To do that requires accurate, real-time customer and sales information," said Donny Askin, OrderMotion's new CEO. "The web-based software and transaction-based pricing allows entrepreneurs and managers to focus on the business components of their organizations, rather than the corporate and operational infrastructure."
An on-demand solution designed to support the requirements of multi-channel direct commerce retailers, OrderMotion centralizes and automates all aspects of the transaction process, including order capture, fulfillment, inventory management, payment processing, database management and reports generation. The solution integrates all order channels into one convenient platform for optimal control, processing and information gathering. Whether orders come in from mail, phone, fax, the internet or a combination of all four, OrderMotion can seamlessly capture them, manage them and report on them in real time.
eCollege® Named to Forbes’ List of 25 Fastest Growing Technology Companies for Third Consecutive Year
CHICAGO, Feb. 2 /PRNewswire-FirstCall/ -- eCollege(R) , a leading provider of value-added information services to the post-secondary education industry, today announced it has been named to Forbes' list of the 25 Fastest Growing Technology Companies for the third consecutive year. eCollege ranked eighth on the list this year, up from twelfth on the list last year.
"This recognition demonstrates our strong financial growth over the last five years, which we attribute to the quality of our people, the quality of our products and services, and the fact that we serve the fastest growing segments of the education market," said Oakleigh Thorne, chairman and CEO of eCollege.
According to Forbes, companies on the list must have a minimum of $25 million in sales and have been profitable over the last 12 months. Companies also must have had sales growth of 10 percent a year, or better, for the last five years and consensus earnings forecasts of at least 10 percent annualized growth over the next three to five years. Companies with legal problems or other open-ended liabilities did not qualify. The article highlighting the 25 Fastest Growing Technology Companies can be found in the February 13, 2006 issue of Forbes, as well as online at http://www.forbes.com/
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