New York, N.Y.—August 20, 2008—In a year when job losses in New York’s financial industry are expected to top 20,000, ALaS, a New York City-based consulting and software company focused on helping financial services firms minimize post trade risk is bucking the trend. Based on an average growth rate of 589% over the last three years, ALaS has been named to Inc.’s annual list of the 5,000 fastest-growing, privately-held companies in the United States, ranking 30th in the financial services sector and 550th nationally. ALaS, whose clients include Washington Mutual, Barclay’s Capital, Broadridge and Morgan Stanley, was also listed among the fastest growing financial services companies in the New York metropolitan region.

The Inc. 5,000 rankings are a comprehensive look at the entrepreneurial engine driving the U.S. economy. Ranked according to percentage revenue growth, the 5,000 companies reported aggregate revenue of $185 billion and created more than 826,000 jobs. To qualify, companies must be U.S.-based, privately held and independent. ALaS joins Microsoft, Oracle, and E*Trade Financial as an organization that was also ranked high among Inc.’s fastest growing companies in its formative years.

“As ALaS celebrates its fifth anniversary, to be growing at a rate that earns us this distinction is a tribute to our talented and dedicated staff,” said ALaS managing director and CFO Harjinder Sidhu. “In the coming year ALaS anticipates even greater growth.”

About ALaS
ALaS helps financial services firms minimize risk by gaining control over post trade processes. ALaS offers process reengineering and consulting expertise across asset classes and functions including accounting, regulatory reporting and operations. ALaS software solutions include ALaS CaPRI™ a comprehensive application designed to establish control of the P&L and balance sheet substantiation process; ALaS DocPort™ a process and procedures documentation portal, and ALaS iSquare™ a three-way Subledger reporting and reconciliation solution. For more information visit: www.alascorp.com.

About Inc.com
The online arm of Inc. Magazine, Inc.com delivers how-to guides, advice, tools, breaking news, and rich multi-media to help business owners and CEOs start, run and grow their businesses.