America's 5,000 Fastest-Growing Private Companies Revealed
5,000 Fast-Growth Companies to Quell Your Recession Fears - List Reports Aggregate Revenue of $185 Billion
Infused Solutions Ranks No. 1367 on the 2008 Inc. 5,000 With Three-Year Sales Growth of 377%
NEW YORK, August 20, 2008 - Inc. today ranked Infused Solutions No. 1367 on its annual ranking of the 5,000 fastest-growing private companies in the country. The list is the most comprehensive look at the most important segment of the economy - America's independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy.
"Our second annual Inc. 5000 continues the most ambitious project in business journalism," said Inc. 5000 Project Manager Jim Melloan. "The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth."
So what has Infused Solutions done to help position themselves within the Inc. 5000? Infused Solutions was founded in 2003. The company's President and CEO, Marlon Johnson, was elevated to the position in late 2003. Mr. Johnson effectively leveraged his experiences from Compaq and IBM to instill new energy into a fledgling company, utilizing forward-thinking management idealisms to foster an environment in which the company creates real, impactful value for clients through innovative enterprise solutions. After becoming President, he began building the foundation blocks for Infused Solutions by certifying the company as an 8(a) minority-owned business and incorporating the GSA schedule. Through his undying efforts, the COO, Paul Faustin, has been instrumental in helping the company acquire a facility clearance for the corporate office, obtain security clearances, and institutionalize processes throughout the company, including the ISO 9000 certification. In addition, Frank Soria, the CTO, has been critical to the overall success of the company, as he is integral to the layout and development of the technologies used for the innovative, complex solutions offered by the company. If you were to ask Mr. Johnson what the driving components are for his company's success, he would simply answer "The people." He would add, "The staff is the cornerstone and acts as the pillars that hold up the company. I view them as the driving force which keeps the company successful. Without the staff there is no support."
So what product does Infused Solutions specialize in? Actually, it is not a specific product, as they specialize in implementing cutting-edge enterprise solutions. They are official partners with industry-leading software companies such as IBM, Open Text, and Vignette. Their unique partnership with these innovative companies provides them with specialized knowledge and hands-on experience with best-of-breed IT products available in the market. Infused Solutions is recognized not only as experts who evaluate a company's infrastructure and recommend a Cross Enterprise solution, they also provide support during implementation of a solution to help ease the customer's transition. Infused Solutions understands that enterprise systems are mission-critical to a business's day to day operations. The wrong solution can cause a company to lose revenue, increase time to market, become out of touch with its employees and customers, and most importantly, prohibit a company from achieving its objectives and goals. Consequently, Infused Solutions prides itself in knowing that they will recommend the best solution to meet your company's needs. Moreover, the company's customer-focused, results-oriented approach to providing solutions has established the company as a trusted partner and advisor to their valued customers, proven by a 95% rate of repeat business. The 5000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc5000.com.
Hottest Regions for Fastest-Growing Companies
The New York metro area tops the Inc. 5000 list with the most companies of any city with 355. Washington, D.C. comes in a close second with 300 companies on the list; Los Angeles comes in third with 244 companies, and Atlanta (194 companies) and Chicago (189 companies) round out the top five. Interestingly, only 62 companies on the Inc. 5000 are not based in metropolitan areas.
Grand Rapids, Mich. leads the list with the highest median revenue of any metro area ($26.2 million, 16 companies), followed by San Antonio, Texas ($21.3 million, 25 companies), Baton Rouge, La. ($18.8 million, 14 companies), Houston ($17.1 million, 97 companies), and Kansas City, Mo.-Kan. ($16.5 million, 39 companies).Hottest Industries for Fastest-Growing Businesses
The most notable median growth categories among the Inc. 5000 fastest-growing businesses are in the Energy category (which grew by 298%), followed by Government Services (which grew by 220%), Security (200% growth), IT Services and Software (both grew by 187%), and Consulting (which grew by 182% on average).
The largest business category is IT Services, with 579 Inc. 5000 companies. Business Services (532 companies), Construction (459), Manufacturing (405), and Advertising & Marketing (361) complete the top five industries ranked on the 2008 Inc. 5000.
Industries reporting the highest median revenue are Travel ($38.8 million), Financial Services ($16.3 million), Logistics ($15.4 million) Government Services ($14.2 million), and Energy ($14.2 million).
Methodology
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, for profit, independent - not subsidiaries or divisions of other companies - as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
Companies can apply for next year's Inc. 5000 by registering with "IncBizNet, Business Network for Private Companies", at www.incbiznet.com.
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