NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — Inc. magazine ranked Telovations No. 213 on its 29th 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, Zipcar, Clif Bar, American Apparel, Oracle, and many other well-known names gained early exposure as members of the Inc. 500.
“Fast growth at any time is a big achievement; fast growth during the past few years is just short of miraculous,” said Inc. editor Jane Berentson. “The Inc. 500 consists of these just-short-of miraculous companies, the ones that through ingenuity and ambition have increased revenue, hired employees, and grown fast in difficult economic times.”
The 2010 Inc. 500, unveiled in the September issue of Inc. magazine (available on newsstands August 24 to November 16 and on Inc.com), is a group of companies that are smaller but much faster-growing than last year’s crop. Aggregate revenue is $11.3 billion-down from last year’s $18.4 billion-but median three-year growth is 1,231 percent, substantially up from last year’s 880.5 percent. The companies on this year’s list employ more than 45,000 people. 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 at Inc.com/500 .
“I am proud of our employees for achieving this milestone and appreciate the support we have received from our customers over the past few years,” said Mark Swanson, CEO of Telovations. “As we continue to add services and expand our offerings we are committed to providing companies with flexibility and scalability enabling their businesses to grow.”
The 2010 Inc. 500 is ranked according to percentage revenue growth when comparing 2006 to 2009. The companies of the Inc. 500 represent the top tier of the Inc. 5000, which can be found at www.inc.com/500 .
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 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
Telovations (www.telovations.com) is a next-generation managed service provider pioneering the delivery of business communications in a Software-as-a-Service model referred to as “Communications-as-a-Service” or CaaS. CaaS from Telovations enables businesses to deploy communications devices and applications on a pay-as-you-go, as-needed basis thus eliminating the need for capital investment and ongoing overhead. Offering the latest communications technology coupled with a strict Quality of Service guarantee, Telovations provides businesses both flexibility and scalability that they might not otherwise afford. Customers are able to focus on their core operations while at the same time reduce operating expenses and deliver the latest productivity enhancing applications to their operations.