Leaders in contract placement and direct hire rank third among Fastest Growing Private Companies
SALO, LLC REVENUES RACED FROM ZERO IN 2002 TO $21 MILLION IN 2005
MINNEAPOLIS, MINN, November 1, 2006 – SALO, LLC, has been named one of the top Fastest Growing Private Companies, with a ranking of number three in the annual “Fast 50” survey conducted by the Minneapolis St. Paul Business Journal. The leading provider of senior-level contract finance and accounting consultants and senior-level financial search for direct hires, the four-year-old company posted impressive revenue growth for the past three years. In 2003, its revenues were $3.4 million, which increased in 2004 to $11.3 million and to $21 million in 2005. SALO's forecasted revenues for 2006 are projected to be approximately $34 million.
The young company is enjoying a banner year. Its founding principals, Amy Langer and John Folkestad, were also recognized recently as “Emerging Entrepreneurs of the Year” in the annual Ernst & Young Entrepreneurs of the Year 2006 Awards. In the past year, the company has diversified by starting affiliate companies, Oberon, which specializes in providing senior-level Human Resources contract professionals.
“We're proud and grateful to be recognized as one of the top companies in the ‘Fast 50,' ” notes Amy Langer. “The marketplace understands our value proposition, and how the current economic climate is ripe for both companies and our consultants for contract project hiring. Based on our growth trajectory for the near future, we're confidant that we can continue to be part of the Twin Cities' fastest growing private companies next year, too.”
“Our hard-working internal staff and talented group of finance and accounting consultants share this award,” says John Folkestad. “Our clients regularly tell us that SALO has the best consultants in the marketplace. Their outstanding performance at a myriad of Twin Cities companies has allowed us to achieve phenomenal growth in just four short years.”
About SALO, LLC SALO is a leading provider of finance and accounting consulting as well as senior-level financial search services, with headquarters based in downtown Minneapolis. SALO's revenue rapidly grew from $3.4 million dollars in 2003 to $21 million in 2005. It is expected to top $34 million in 2006. But its more dramatic story rests with the value that SALO and its affiliate companies bring to the people it places and the companies it serves. Profound changes in the American workplace have made staffing issues complex.
A growing segment of professionals in today's workforce demand greater flexibility and lifestyle accommodations, plus more measurable job benefits and satisfaction. Companies likewise are looking at short-term contract employment as a more efficient and cost-effective means of doing business. Companies are realizing that they can bring in qualified people who truly fit into the organization's environment. SALO consultants bring far more to the enterprise than just stopgap skills. SALO fulfills those requirements by offering strategic value for:
Business Process Reengineering Accounting and Analysis Cash Management Solutions Financial Systems Initiatives Budgeting and Forecasting Internal and External Reporting M&A Analysis, Accounting and Integration Tax Research and Compliance Enterprise Risk Management
For more information – or to interview Amy Langer or John Folkestad – please contact Martin Keller at Media Savant Communications Co., 612-729-8585, or online at mkeller@mediasavantcom.com
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