Contact: Day Veerlapati

636-530-9286 ext. 201

 

FOR IMMEDIATE RELEASE           

 

St. Louis IT Company Moves Up on Inc. magazine’s

500 Fastest-Growing Private Companies List

 

CHESTERFIELD , Mo. (March 10, 2006) – For the second year running, S2Tech has been named to the Inc. magazine 500 Fastest-Growing Private Companies list.

 

The Chesterfield information technology firm jumped to rank 394th, up from 495th last year on the list. S2Tech increased its revenue 469 percent over the last five years.

 

“Despite the difficulties in the economy, we have made the most of our market niche specializing in Medicaid, Medicare and HIPAA. Our specialization and achieving ISO 9001 status at our offshore programming office helped us ensure quality that retained existing customers and attracted new clients,” said S2Tech Chief Executive Day Veerlapati.

 

The companies that made the Inc. list this year excelled despite continued stagnation in the economy, posting an average year-over-year sales growth of 265 percent. Inc. 500 companies posted aggregate 2003 revenue of $12.6 billion, and 82 percent of them were profitable. And while the United States shed 410,000 jobs in 2003, Inc. 500 companies provided employment for more than 70,000 people.

 

Entrepreneurs in the sectors of IT services, financial services, health, and advertising and marketing are poised to do the most hiring over the next year. The industries with the strongest showing on this year’s list are IT services, health, financial services, and business services (based on number of companies in the sector).

 

S2Tech has 95 employees and headquarters in the St. Louis suburb of Chesterfield , Mo. The company, which started in 1997, operates an offshore office in Hyderabad , India .

 

 

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