Attributes its 396 Percent Revenue Growth to acquisitions and rapid organic growth.
Moorestown, New Jersey, October, 23 2007 - PAI Group, Inc. A national leader in payroll technology and services today announced that it ranked Number 367 on Deloitte’s 2007 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications and life sciences companies in North America. Rankings are based on percentage of fiscal year revenue growth over five years from 2002–2006. PAI Group Inc. grew 396% percent during this period.
PAI Group’s CEO, Bill Scott credits sixteen acquisitions and rapid organic growth for the company’s 396% revenue growth over the past five years. “PAI Group has rapidly become one of the nation’s premiere payroll organizations supplying cutting edge technology and a far more personal business model than our competition. I am extremely pleased with what our team has accomplished,” he said.
"Deloitte’s Technology Fast 500 recognizes technology companies who have achieved extraordinary growth in North America’s most innovative and competitive sectors,” said Phil Asmundson, vice chairman, U.S. Technology, Media and telecommunications, Deloitte & Touche USA LLP. "We congratulate PAI Group on this significant accomplishment."
In addition to ranking on Deloitte’s Technology Fast 500, PAI Group, Inc. ranked 35 on the New Jersey Technology Fast 50, which is a ranking of the 50 fastest growing technology firms in New Jersey.
Fast 500 Selection and Qualifying Criteria
The Fast 500 ranks the fastest growing technology, media, telecommunications and life sciences companies in North America. It is compiled from Deloitte’s 16 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. Companies are selected based on percentage revenue growth from 2002 to 2006.
Entrants must own proprietary intellectual property or proprietary technology that contributes to a significant portion of the company's operating revenues or devote a significant proportion of revenues to research and development of technology. Using other companies' technology or intellectual property in a unique way does not qualify. Base-year operating revenues must be at least $50,000 USD or $75,000 CD, and current-year operating revenues must be at least $5 million USD or CD. Companies must be in business a minimum of five years, and they must be headquartered within North America.
PAI Group, Inc. (www.paigroupinc.com) is comprised of two business units:
Payroll Associates, LLC (www.payrollassociates.com) provides integrated payroll, HR, tax filing and time & attendance products for nearly 300 payroll, PEO and accounting organizations and 120,000 employers nationwide.
PAI Services, LLC, operating as PayChoice, (www.paychoice.com) delivers payroll, tax filing, benefits and HR services directly to 10,000 growing businesses across the nation.
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