News

Akili Ranks 23rd on Dallas 100™ List of Fastest Growing Companies

11/9/2009 12:16:00 PM

FOR IMMEDIATE RELEASE

Media Contacts:
Laura Pennino for Akili,
281/286 9398 or 713/419 1776
lp@penninoandpartners.com

DALLAS, Texas (Nov. 9, 2009) -- Akili was recognized last week as one of the 100 fastest growing, privately held companies in the Dallas area at the 19th Annual Dallas 100™ Awards ceremony presented by the SMU Cox Caruth Institute for Entrepreneurship.

Akili (www.akili.com), which ranked 23rd and the other Dallas 100 companies were honored at an awards ceremony at the Meyerson Symphony Center in Dallas on Nov. 4. These companies collectively generated sales of $8.4 billion in the past three years, grew average sales from 2006 to 2008 by 176 percent, and grew the number of employees from 14,764 in 2006 to 26,142 in 2008.   Sales for the top 10 winners combined represent a 480 percent increase in 2008 over sales in 2006.

“All of us at Akili are extremely honored to make the Dallas 100 list. We are especially thankful for the steady upward growth trend we are experiencing. We know that our success is due in large part to the talent and strength of character of our team. We also know that as a company, we have to earn our clients’ business every day so our focus on our clients’ needs and our ability to implement solutions quickly and effectively is rock solid,” commented Shiek Shah, Akili CEO

Based in the Dallas suburb of Irving, Akili is a provider of world class information management solutions to large scale business enterprises. Akili’s solutions include planning, budgeting and forecasting; financial consolidations; enterprise performance management; business intelligence; and information architecture. Akili is an SAP Gold Partner with a keen focus on implementing the SAP Business Objects suite of software solutions.

"In some ways, the Dallas 100 winning companies seem to defy gravity.  In a 10 percent unemployment national environment they created more than 11,000 new jobs over the last two years," said Jerry White, director of SMU’s Caruth Institute.  "These companies prove that with innovative ideas and top quality management dynamic, fast growth businesses can be built even in challenging environments.”

To qualify for the Dallas 100™, applicants were required to be an independent, privately held corporation, proprietorship or partnership (not a subsidiary of a parent company) as of May 1, 2008; be headquartered in the Dallas area; have had sales of more than $500,000 in fiscal 2006; have had sales of not more than $75,000,000 in 2006; have a three-year sales history reflecting growth; and, have a credit report and character satisfactory to the Dallas 100™ which is determined at the sole discretion of the Dallas 100™. For a complete list of all Dallas 100 companies, please visit www.dallas100.com.

For more information on Akili’s solutions and services, please visit www.akili.com or contact Laura Claborn, Sales Executive at 214-978-3202 or lclaborn@akili.com.