ArcaTech Named to Inc. Magazine’s List of Fastest-Growing Private Companies

MEBANE, N.C. – ArcaTech Systems, a leading supplier of transaction automation solutions for the financial, retail and self-service industries, is celebrating its 10th year in business and was recently named to Inc. magazine's 2008 list of the fastest-growing private companies in the United States for the second year in a row.

“ArcaTech has come a long way from the business I launched in 1998,” said Mort O'Sullivan, president of ArcaTech. “A decade ago, I was working by myself. We now have offices in five countries and have experienced significant growth in revenue each year through the combined efforts of our remarkable staff. Today, we are fortunate to work with some of the best customers and suppliers in the world.”

“I think one of the drivers of our intense growth has been our ability to serve a variety of industries,” said O’Sullivan. “Worldwide, we have more than 200 manufacturers that use our automation components in their products. We also have valued distribution partners that sell and support our complete systems for cash and payment automation.”

ArcaTech’s cash dispensers, recyclers and transaction technology components are used in a range of industries and applications. ArcaTech’s customers include banks, retail stores, gaming and parking facilities, car washes and companies that use kiosks for self-service checkout and bill payment. The company also has OEM partnerships with some of the most respected companies in the transaction automation field, including NCR, Diebold, Fujitsu and Sagem.

Inc. magazine, a publication designed to help business owners and CEOs start, run, and grow their businesses, publishes the Inc. 5000 list every year. Companies are ranked according to percentage revenue growth over the preceding four years.

“While we are a growing, innovative company, we still have a small-business focus on our customers,” said O’Sullivan. “Our commitment to service and our customer-focused philosophy are two keys to our success.”