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March 11, 2010
News
Inc.
Magazine Unveils 28th Annual List of America’s Fastest-Growing Private Companies—the Inc. 500
iVision, Inc. Ranks No. 473 on the 2009 Inc. 500 with Three-Year Sales Growth of 550%
NEW YORK, August 12, 2009 5pm (EST) -
Inc.
magazine today ranked iVision, Inc. NO. 473 on its 28th annual Inc. 500, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. Companies such as Microsoft, Zappos, Intuit, GoDaddy, Under Armour, Jamba Juice, American Apparel, Oracle, and hundreds of other powerhouses gained early exposure as members of the Inc. 500.
“If you want to know which companies are going to change the world, look at the Inc. 500,” said
Inc.
editor Jane Berentson. “These are the most dynamic, fast-growth companies in the nation, the ones finding innovative solutions to problems, creating smart systems, and inventing products we soon discover we can't live without. The Inc. 500 list is
Inc.
magazine’s tribute to American business ingenuity and ambition.”
iVision is a technology management consulting and managed services company that can partner with clients to establish a thought-leading, sustainable and cost-conscious IT environment for their business. iVision promotes a high performance delivery framework, combined with extensive industry experience and technical ability, to provide a great value.
iVision strives to provide the right mixture of expertise and the exact fit when partnering with a client. Their project-based services allow clients to leverage proven expertise to implement the most appropriate solution while their managed services provide a “best fit” solution to manage day-to-day operations.
The 2009 Inc. 500, unveiled in the September issue of
Inc.
magazine (available on newsstands August 17 to November 15) and on Inc.com, reported aggregate revenue of $18.4 billion—up significantly from last year’s $13.7 billion—and a median three-year growth rate of 880.5 percent. The companies on this year’s list are also responsible for creating more than 55,000 jobs since their founding, making the Inc. 500 perhaps the best example of the impact private, fast-growing companies can have on the overall U.S. economy. The largest company on the list, flat-panel-TV maker Vizio, broke the $2 billion revenue mark. Complete results of the Inc. 500, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com.
Despite the ongoing recession, the 2009 Inc. 500 offers a glimpse of the future of the U.S. economy. In the health sector, which saw aggregate revenue of $1.1 billion and a 917 percent median growth rate, businesses are moving forward on cancer and stem-cell research, clinical trials, and medication management. More than 25 percent of companies in the energy sector ($2.5 billion aggregate revenue; 942 percent median growth rate) focus on solar and other alternative sources. Fewer than a third of retailers ($356 million aggregate revenue; 914 percent median growth rate) have even a single brick-and-mortar store. And the number of companies providing technical services to the various branches of the federal government continues to rise.
Methodology
The 2009 Inc. 500 measures revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2008. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2005 is $200,000; the minimum for 2008 is $2 million.
About
Inc.
Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC,
Inc.
(
www.inc.com
) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 712,961,
Inc.
provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.
About
iVision, Inc.
Founded in 2004, iVision Inc. works with organizations to realize their vision of a sustainable, consolidated, resilient and dynamic technology foundation through a mixture of consulting, managed services and product resale. Visit us online at
www.ivision.com
.
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