Folio3 Ranked #29 on the 2012 AllWorld Fast Growth Arabia500 List

Online, January 7, 2013 (Newswire.com) - Folio3 Software, a leading software solutions provider was recently ranked #29 on the 2012 Arabia Fast Growth 500 List by the AllWorld Network.

The Fast Growth Arabia500 is a list of the region's fastest growing non-listed entrepreneurial ventures (growing at an average of 50 percent per year). It is the largest collaboration of growth entrepreneurs in the world, whose combined GDP is greater than that of 80 countries. Companies applying to the Arabia500 are qualified based on the strength their sales and revenues.

The 2012 winners were announced at the Arabia500 Awards Event & Celebration that was held in the backdrop of the 3rd Annual Global Entrepreneurial Summit (GES) at the Dubai World Trade Center and included over 400 entrepreneurs from across the region.

"AllWorld has put together a marvelous global enterprise which I think is on its way to changing the world in very important ways," comments Michael Porter, Harvard Business School Professor and AllWorld Chairman. "The Arabia500 companies, led by dynamic men and women, represent the leading edge of a new approach to the region's competitiveness."

"We are extremely proud to have been included in the Arabia500" said Adnan Lawai, CEO of Folio3. "This is the second year in a row that Folio3 has been nominated to this prestigious list and speaks volumes about how fast our company is growing."

AllWorld Entrepreneurs are on track to create one million new jobs by 2015. Being the region's fastest growing enterprises, they are also the most innovative employers, offering valuable on-the-job training and a wide range of employee benefits (including profit sharing) to their employees.