ARCA has been selected as one of the Triad's 50 top-performing privately held companies.
FOR IMMEDIATE RELEASE
ARCA honored in a ceremony for the Triad's 50 fastest-growing companies.
MEBANE, N.C. (September 20, 2013) – For the third time in five years, ARCA has been selected as one of the Triad’s 50 top-performing privately held companies in the The Business Journal’s 15th annual Fast 50 awards program. ARCA is a leading supplier of transaction automation components in the financial, retail and self-service industries.
“We are grateful for the growth that we are experiencing and it is wonderful to be recognized by The Business Journal for the extraordinary job that our whole team is doing,” said Aubrey Meador, President of ARCA. “This award is a testament to our team’s hard work, determination, and persistence over the past year.”
The Fast 50 awards are presented by The Business Journal in conjunction with presenting sponsors MassMutual Financial Group – Piedmont Triad, North State Business, Smith Leonard PLLC and Wells Fargo, as well as supporting sponsors Hill Chesson & Woody and Robert Half.
Through a confidential process, nominations are submitted to accounting firm Smith Leonard, which verifies each company’s revenues during the three-year period between 2010 and 2012. Smith Leonard then ranks the nominees based on a formula that factors in both dollar and percentage change for their three most recent fiscal years.
To be eligible, each company must be a private, for-profit venture, have its U.S. headquarters in the Triad, and have finished three full fiscal years with sales of at least $2 million in its last fiscal year.
ARCA’s solutions help people control and streamline cash operations in financial institutions, retail stores, and self-service kiosks around the world. We develop technology and services that make transactions simpler, more efficient and more secure. Visit arca.com for more information.