ARCA named to Inc. 5000 Fastest Growing Companies List for the seventh time
ARCA ranks No. 2227 on the 2014 list with Three-Year Revenue Growth of 176%
MEBANE, NC (August 20, 2014) — ARCA, a global leader in payment transaction automation, announced today that it has been named to the 2014 Inc. 5000 list of the nation’s fastest growing private companies. This marks the seventh time in eight years that ARCA has been recognized on the exclusive list.
“It is an honor to be recognized for the seventh time as one of the fastest growing companies in the country,” Mort O’Sullivan, founder and CEO of ARCA, said. “I am very proud of our team for being able to consistently achieve our growth objectives.”
ARCA is listed in the financial services category and was selected based upon its revenue growth from 2010 to 2013. During this three year stretch, ARCA’s organically increased its revenue from $21.8 million to $60.2 million; a growth rate of approximately 176%. This rapid growth has extended to job creation, with ARCA generating an additional 57 jobs in North Carolina and abroad during that time frame.
“As ARCA continues to expand both in the United States and internationally, we anticipate maintaining or even accelerating our rate of growth,” O’Sullivan said.
Banks and credit unions use ARCA’s cash recycling and dispensing technology to simplify cash handling, increase teller efficiency and provide greater internal and external security. ARCA also supplies OEM components to manufacturers of self-service kiosks, providing solutions that make it simple for manufacturers to automate financial transactions.
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.
About Inc. 500|5000
The Inc. 500|5000 list is a ranking of the fastest growing private companies in the United States. Each year since 1982, the Inc. 500|5000 is ranked according to percentage revenue growth rate. The companies must be U.S.-based, privately held, independent, and for-profit in order to qualify for the listing. Other notable companies that have received this accolade include Microsoft, Timberland, Vizio, Facebook, Zappos, Dunkin’ Donuts and Oracle.