Matrix Solutions Places on 2007 ICIC - Inc. Magazine Inner City 100 List

Pittsburgh, PA (PRWEB) May 29, 2007 -- Today, Matrix Solutions, the leading provider of sales strategy management software for the media industry, announced that it has been ranked 58th on the 2007 ICIC-Inc. Magazine Inner City 100 list of the fastest growing inner-city companies in America. The list appears in June's issue of Inc. Magazine and is available on newsstands today. Extraordinary growth is the predominant trait of the 2007 Inner City 100, a ranking created by the Initiative for a Competitive Inner City (ICIC) and Inc. Magazine of the 100 fastest-growing businesses in inner city communities nationwide.

Now in its 9th year, the Inner City 100 list provides unmatched original data on the fastest growing inner-city businesses in the U.S. For the 2007 list, over 4,500 new nominations were received. The 2007 Inner City 100 winners grew at a compound annual growth rate of 49 percent and an average rate of 535 percent between 2001 and 2005. Collectively, the top 100 inner city businesses have employed nearly 19,000 people and created 12,000 new jobs over the past five years; both of these figures are the highest in the program's history and show signs of continued growth.

"Our presence in the city of Pittsburgh has helped fuel our growth," said DJ Cavanaugh, president of Matrix Solutions. "We are honored to be listed among the ranks of the nation's fastest inner city businesses. Matrix Solutions has built its business by selling MatrixPlus, our flagship sales strategy software, that helps media advertising sellers make better business decisions, and by creating 'Raving Fans' of our customers. Our dedicated employees and over 10,000 users throughout North America have made this achievement possible."

"An ability to recognize growth and build upon it is the trait that most distinguishes the 2007 Inner City 100 winners," says Dorothy Terrell, president and CEO of ICIC. "These companies have identified profitable market niches that few others have seen. They have run successful regional, national and even global businesses from inner city locations because of their savvy growth orientation, and have translated their tremendous growth into more jobs, income, and wealth for inner city residents. Inner City 100 2007 is truly the year of Recognizing Growth."

About Matrix Solutions and MatrixPlus
Matrix Solutions offers MatrixPlus, the leading Sales Strategy and sales CRM and sales operations tool suite for the media industry. MatrixPlus is the only solution tailored to the unique needs of media selling for television, cable, print, on-line, outdoor and radio businesses, integrating the tools necessary to take the sales process from strategy to execution. MatrixPlus anticipates a media seller's need to proactively, efficiently and strategically manage and communicate with customer accounts and gives sales and operations management special views. From historical and future revenue streams to convergent selling initiatives, salespeople and sales managers gain greater insight, gauge trends, investigate hot button report items as they appear. The power of MatrixPlus along with Matrix Solutions' commitment to a gold standard of customer service and support has resulted in 700+ customer sites throughout North America. Matrix Solutions was introduced to the broadcast industry in 1992 and is headquartered in Pittsburgh, PA. For more information or a demonstration of MatrixPlus software visit www.matrixplus.com or call toll-free (877) 687-9066.

Editor's Notes:
To qualify for the Inner City 100 list, companies were required to have at least 51 percent of their operations located in an economically distressed urban area; have at least 10 employees; and have a five-year operating sales history that includes at least six months of sales in the first year of consideration, an increase in year five sales over year four sales, and fifth-year sales of at least $1 million. The specific rankings were based on total revenue growth over the five-year period. An economically distressed urban area is defined by ICIC as having a 50 percent higher unemployment level, 50 percent higher poverty level, and 50 percent lower median income than the metropolitan statistical area.

About the Initiative for a Competitive Inner City
The Initiative for a Competitive Inner City (ICIC) is a national not-for-profit organization founded in 1994 by Harvard Business School professor Michael E. Porter. ICIC's mission is to promote economic prosperity in America's inner cities through private sector engagement that leads to jobs, income and wealth creation for local residents. ICIC brings together business and civic leaders to drive innovation and action, transform thinking and accelerate inner city business growth and investment.

About Inc.
Inc is the leading magazine written for the men and women who own and manage small-to-mid-sized, fast-growing companies. Published 12 times a year, Inc helps its 1.5 million readers by providing expert advice and practical solutions as they face the opportunities, pitfalls, and rewards of growing a company. www.inc.com, the Web site for growing companies, was named Best Online Magazine by Folio and Best Overall New Publication (all media) by the Computer Press Association.

Inner City 100 Sponsors: Chevron, Merrill Lynch, PricewaterhouseCoopers, and Staples Foundation for Learning, Staples

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