Ongoing Warehouse becomes a “Gazelle”

The software company Ongoing Warehouse – specialized in a web-based Warehouse Management System – has been appointed by the Swedish business paper “Dagens Industri” a Gazelle Company. The appointment “Gazelle” goes to the fastest growing companies in Sweden - companies that are masters at both profitable growth and creating new jobs.

”Of course it´s nice to been appointed one of the fastest growing companies in Sweden, but more importantly is that we have a solid profitability and sound finances. We have a large number of customers in Sweden and the Nordic Countries, and we have a very long term view of our company”, says Gerhard Guron, CEO Ongoing Warehouse.

To be appointed as a Gazelle, a company must meet all the below criterias. There are always the company's four most recent annual financial statements that form the basis for Gazelle survey.

A gazelle is:

- An annual turnover exceeding 10 million SEK

- more than ten employees

- at least doubled its turnover, if you compare the first and the last fiscal year

- increased its turnover every year for the past three years

- a combined operating results for the four financial years is positive

- in all essentially grown organically, not through acquisitions or mergers

- sound finances

Read more about the Gazelle companies at http://www.di.se/dagens-industri/di-gasell/