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ProcureAmerica Selected for Inc 5000’s ‘Fastest Growing Companies in America’ List for Third Consecutive Year

By September 21, 2022No Comments

ProcureAmerica is proud to announce they have been designated by INC Magazine as one of the 5000 “Fastest Growing Companies in America” list for an unprecedented three years straight. Making the list once is highly impressive, twice is exponentially harder, but three consecutive years in a row is simply extraordinary! What makes this acknowledgment so impressive is that the measuring stick for selection is year over year growth based on a 5-year average, making the climb exponentially steeper from one year to the next! Through experience, resilience, and ingenuity, ProcureAmerica has been able to achieve compounded annual growth during one of the most volatile economic times in our country’s history.

ProcureAmerica is the country’s top Business Intelligence Services provider, supporting three core markets (local government, healthcare, and education) with expense reduction strategies and programs. These specific business verticals were amongst the hardest hit by the COVID-19 pandemic, creating the immediate need for these industries to react in a strategic and nimble manner. By 2020, ProcureAmerica had already earned a long and recognized reputation as a respected business intelligence service provider. With the capacity and experience to help organizations work through any budget challenge; ProcureAmerica swiftly delivered results to these institutions under extreme conditions.

“It has been an honor to support our clients during these challenging times,” said ProcureAmerica CEO Fred Armendariz. “I am very pleased our team has stood tall and delivered badly needed resources to the organizations we serve; but I wasn’t surprised! Our team is highly experienced, field-proven, with the operational capacity to support even the largest organizations in America. With government, education and healthcare making up 95% of ProcureAmerica’s client base, the COVID-19 pandemic presented these highly impacted industries with the need to identify rapid and yet steady cost reduction remedies. Along with our client partners, our industry practice groups were able to achieve amazing results that resulted in this latest Inc. 5000 growth designation. Helping our clients through the COVID-19 pandemic has been the highlight of my public and private sector career.”

This is not the first time Armendariz has been in an economic “first responder” situation. On September 11, 2001, he was a newly appointed Senior Executive Service (SES) member of the Bush Administration. “I was on the job for one week when 9/11 happened,” said Armendariz. “The agency I was attached to had responsibility to collaborate with disaster relief services across the nation. Similar to the COVID-19 pandemic, 9/11 had an immediate and devastating effect on private and public sector organizations across the nation. This experience, combined with my work on the President’s Management Agenda, provided me with a roadmap and tools in terms of how to apply crisis management from a business perspective.”

ProcureAmerica has been supporting government agencies with Business Intelligence for many years; and about 10 years ago, the company expanded services into the healthcare and education sectors.

“It was a logical migration for us,” said ProcureAmerica VP of Government Services Todd Main. “Many government entities have deep ties and oversight into healthcare and educational systems through states, counties, cities, and universities. Never did we imagine that these three industries would be in the eye of an economic storm all at the same time.”

“…ProcureAmerica has been exceptional for expense reduction analysis services”, said Maria Agrusa, Chief Procurement Officer for the County of Orange. “Before the COVID-19 pandemic, ProcureAmerica had already completed a utility tariff rate optimization study and waste services review, demonstrating their incredible value, with millions of dollars in Countywide savings. When the economy was essentially halted by the pandemic, ProcureAmerica stepped up again. We value our partnership with ProcureAmerica, and trust they will continue to deliver great results for the County!”