August 13, 2009

Inc. magazine lists 2 Purdue Research Park-based companies among nation's fastest growing

Officescape Inc. and Passageways LLC were ranked on the third annual "Inc. 5000" list.

Officescape is 25th among the 62 Indiana-based companies on the list. Between 2005 and 2008, the company saw revenue growth of 206.6 percent, increasing from $1.9 million to $5.9 million over that time. The company has an office in the International Technology Center in the Purdue Research Park of West Lafayette as well as in Indianapolis.

Passageways ranks 36th among Indiana-based companies. The company experienced a 115.2 percent increase in revenue from 2005 to 2008, growing from $1.3 million to $2.7 million. This is the second year in a row that Passageways has been ranked on the annual Inc. 5000 list. The company also has an office at the Purdue Research Park of West Lafayette.

Officescape is an office service provider employing advanced technology to provide office-on-demand, virtual office, unified communications, video and Web conferencing, and Web services to their professional and business clients.

Passageways is an industry-leading provider of enterprise portal solutions to financial institutions. The solutions provide financial institutions with the ability to organize, manage and deliver role-based views and access to enterprise information such as content, applications, business processes, collaboration and more.

Companies on the 2009 Inc. 5000 list are ranked by percentage of revenue growth between 2005 and 2008. The minimum qualifications were at least $200,000 in revenue in 2005 and at least $2 million in 2008. Companies on the list also generated revenue by the first week of 2005 and showed sales for four full calendar years. All companies are based in the United States, for profit, privately held and independent - neither a subsidiary nor a division of another company - as of Dec. 31, 2008. The Inc. 500 list, in its 28th year, comprises the companies in the top 10 percent of the Inc. 5000.

About Officescape Inc.

Officescape integrates the most advanced information technology with the established "office suites" industry into a mobile and secure working platform for today's business professionals. Officescape's online and physical office services offer flexible terms and unprecedented efficiency.

About Passageways LLC

Passageways specializes in providing corporate portal solutions for financial institutions, connecting their employees, directors, partners and vendors. Passageways' solutions are used to streamline communications, increase collaboration and automate internal processes by replacing traditional intranet solutions. Passageways supports nearly 200 banks' and credit unions' portals, including several dozen board portals and a number of industrywide community portals, making it a leader in collaboration solutions in the financial services industry.

About Purdue Research Park

The 725-acre Purdue Research Park of West Lafayette has the largest university-affiliated business incubation complex in the country. The park is home to more than 160 companies. About 100 of these firms are technology-related and another 39 are incubator businesses. The park is owned and managed by the Purdue Research Foundation, a private, nonprofit foundation created to assist Purdue University in the area of economic development. In addition to the Purdue Research Park in West Lafayette, the foundation has established technology parks in other locations around Indiana including Merrillville, New Albany and Indianapolis.

To the Purdue Research Park, https://www.purdueresearchpark.com

Purdue Research Park contact:
Steve Martin, (765) 588-3342, sgmartin@prf.org