Awards Ceremony Pictures

Rob Abbe, Captovation's Chief Product Architect, accepts The Business Journal Growth 50 award

Rob Abbe with The Business Journal Publisher Lisa Bormaster

For more information, please contact:
Jason Lamon
Captovation Inc.
(952) 835-1500 ext. 33
jlamon@captovation.com 

For all other product inquiries, please contact:
sales@captovation.com

For technical support, please contact:
support@captovation.com

 

Captovation Named To The Business Journal Growth 50 Award recognizes Minnesota’s fastest growing private companies MINNEAPOLIS, MN, October 28, 2002 – Captovation recently learned that it ranks 43rd among Minnesota’s fastest growing private companies, according to The Business Journal Growth 50 rankings.  This ranking is based on total revenue growth from 1999 to 2001.  Captovation experienced a 60% revenue growth over this three-year period. Ken Peterka, Captovation’s President and CEO, attributes this three-year growth rate to the successful release of their flagship document capture software product, eCapture, in early 1998.  He also credits the reinvestment of company profits into R&D, sales, and marketing, and most importantly the hard work and dedication from the employees at Captovation.
Mr. Peterka comments, “Witnessing the continued growth and success of the company you started causes a great sense of pride.  It has been both a challenge and a privilege to be the president of Captovation, and I look forward to overseeing the continued growth of the company.” To qualify for The Business Journal Growth 50 ranking, companies must have met the following criteria: Be an independently owned private company and have headquarters in the Twin Cities nine county metro area, have attested financial data for three most recently completed fiscal years, show three consecutive years of revenue growth for three most recently completed fiscal years, and have at least $1,000,000 in revenue in the first year of the three most recently completed fiscal years.  Virchow Krause & Company (www.virchowkrause.com), a certified public accounting firm, verified the financial statements of all the participating companies. About Captovation Captovation, Inc. is a privately held company established in 1994, which specializes in the design and development of document capture products for the electronic document management industry.  Their software products and custom integration services provide paper-intensive organizations with the ability to streamline and tailor the document capture process to meet their needs.  eCapture, the company’s flagship product, is a suite of document capture tools for the Enterprise.  The tools include: ecScan (production-level scanning), ecIndex (production-level indexing), ecNet (distributed, web-based capture), ecAutoFile Server (bar code recognition server), ecCommit Server (schedule batch commits), and ecImport Server (import images directly into eCapture).  For more information, visit the company’s web site at www.captovation.com
© 2002 Captovation Incorporated.  All rights reserved.