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BLACK MOUNTAIN MANAGEMENT, INC.
- SECURES INC 500 RANKING OF FASTEST GROWING PRIVATE COMPANIES -
‘OUTSOURCING’S JERRY MAGUIRE STAYS THE COURSE AND WINS…’
Black Mountain Management, Inc., headquartered in New York, has been named
one of America’s entrepreneurial growth leaders by Inc magazine, which
today released its 2002 Inc 500 ranking of the nation’s fastest-growing
private companies. The ranking will appear in the magazine’s special Inc
500 issue, which hits newsstands October 15. “I’m so proud of
what our employees have accomplished. As we’ve grown from a family of 10
to a worldwide company of 120 people, we have been able to maintain our
focus,” said Stephen Medici, Black Mountain’s Founder & CEO. “We have been
fortunate to be able to grow with our clients and we appreciate the trust
they have shown in us.” Stephen Medici is no stranger to the HR
press. In 1998, a leading industry source termed Stephen “Outsourcing’s
Jerry Maguire” – after breaking new ground with foresight, determination
and a small team of 10 (including himself) – to provide outsourced
benefits administration services for one of the largest banks on Wall
Street. The Inc 500 ranking is the latest in a series of public
affirmations that the strategy was good and that Stephen’s persistence has
paid off.
Earlier this year, Black Mountain again raised industry
eyebrows with its headline news concerning a $115 million in savings
achieved for one of its clients – in the first seven years. Says David
Kinnear, Vice President of Sales & Marketing: “The savings we achieve
through design consultation and process outsourcing are attributable to
the close and partner-like relationship we seek to build with all our
clients - big and small. It’s based on taking the time to understand their
business needs.”
Stephen Medici concurs, and adds: “Fundamentally, it’s about
providing exceptional, not just good, client service. A position that is
central to Black Mountain’s business model and day-to-day business
operations.” Prospects for growth are good as the market for
business process outsourcing (BPO) expands. Drawing on its own
experiences, Black Mountain is taking steps to ‘share the knowledge’ -
bringing its expertise and support to initiatives that help clients
understand what outsourcing, or indeed, ‘outventuring’ means for them.
This fall, Black Mountain is a sponsor of the multi-city Outsourcing
Institute Roadshow – responding to a diverse corporate audience that is
assessing the role of outsourcing going forward.
Frank Casale, founder & CEO of the Outsourcing Institute
welcomes the support: "Recent trends indicate that companies are placing a
more strategic focus on core competencies while outsourcing more of their
non-core business functions. As a result Human Resource outsourcing is
experiencing tremendous growth in the outsourcing marketplace. We're
delighted to be working with Black Mountain." Black Mountain’s
deliberate stance as “innovator” and “thought-leader” led it to work with
HR.com in presenting this year’s inaugural “Community of Practice” for
financial and insurance industry professionals – targeting the hot topic
of corporate governance and ethics.
About Black Mountain Black Mountain is a leading
outsourcing adviser and services provider in the global human resources
sector, committed to:
- Exceptional service and outstanding results for our clients
- Balancing human interaction with our use of innovative technology
- Leveraging local knowledge & expertise to meet the global needs of
our customers
We provide advice, assistance & support to our clients and their
employees in almost 100 locations around the world, coordinated from our
business centers in New York, London, Zurich, Singapore, Hong Kong and
Tokyo. We are committed to supporting our clients whenever and wherever
they need exceptional HR solutions. Black Mountain View™ is our
global employee self-service application - capable of deployment in each
of the US, Europe and Asia Pacific regions. Black Mountain View 3.0™ is
the latest US release of the application, providing our clients’
employees with critical enrollment and employee communication services
in an efficient, employee-friendly manner. About the Inc 500
Started in 1982, the Inc 500 ranks the nation’s leading entrepreneurial
firms according to sales growth over the previous five years. Former Inc
500 companies that have gone on to become household names include
Microsoft, Timberland, Domino’s Pizza and Patagonia. The 2002
Inc 500 reveals a surprising resiliency within the entrepreneurial
sector, where leading companies are continuing to show dramatic rates of
growth despite the recession. The average five-year growth
rate of this year’s Inc 500 companies is 1,521%. While that is less than
the 1,933% average for companies on last year’s list, it is nonetheless
dramatic in the current environment. Average 2001 sales for the Inc 500
dropped only slightly, from $24,976,000 to $24,706,000. More than
two-thirds (73%) of 2002 Inc 500 companies are profitable. Despite the
technology bust, “Computer Software & Services” remains the leading
industry category, representing nearly 40% of firms on the list.
“This is the first Inc 500 ranking to reflect the full impact of the
recession, said Inc editor John Koten. “Yet these entrepreneurs are
managing to confound the naysayers and move ahead despite the obstacles.
They’re showing that smart strategies can succeed even in the toughest
times.” To be eligible for this year’s Inc 500, companies had
to be independent and privately held through their fiscal year 2001,
have at least $200,000 in sales in the base year of 1997, and their 2001
sales had to have exceeded 2000 sales. Holding companies, regulated
banks and utilities are not eligible. Inc verifies all information using
tax forms and financial statements from certified public accounts and by
conducting interviews with company officials. Inc, the
premier magazine for growing companies, may be accessed online at
www.inc.com. The magazine is owned by Gruner + Jahr USA, one of the
top-ranked magazine publishers in the U.S., reaching one of the largest
readerships in America. In addition to Inc, Gruner + Jahr USA publishes
Child, Family Circle, Fast Company, Fitness, Inc, Parents, and YM. G + J
USA is 25.1% owned by the Jahr Group and 74.9% owned by Bertelsmann AG,
the largest privately held and the fifth largest media company overall
in the world with yearly revenues at $17.86 billion. For
further information, please contact: David Kinnear, Vice
President of Sales & Marketing Telephone: (212) 967-8661 Email:
david.kinnear@blackmountaingroup.com
Or, consult our web-site at:
www.blackmountaingroup.com | 
