We are pleased to announce that Layered Tech ranked No. 622 on the 2009 Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies by Inc. magazine.
Inc. magazine ranked companies according to percentage of revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, be U.S.-based, privately held, for profit, and independent as of Dec. 31, 2008. Revenue in 2005 must have been at least $200,000, and revenue in 2008 must have been at least $2 million.
We earned a spot in the top 12 percent because of our three-year growth rate of 441 percent. We also are excited to rank No. 22 on the DFW list and No. 81 on the IT services industry list. We’ve evolved from an emerging dedicated hosting company to a recognized Web hosting provider whose scalable infrastructure powers millions of sites and a wide array of Internet-enabled applications. While we measure our success by serving our customers’ evolving needs, this recognition is a testament to our strong market position. Our Inc. 5000 company profile is available here.
Inc. shared some other interesting facts:
- Texas had the second highest number of Inc. 5000 companies with 393; California led the list with 612 companies.
- IT Service companies dominated this year’s list with 658 making the cut.
- Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent.
- The Inc. 5000 are responsible for creating more than 1 million jobs since their founding, making the list one of the best examples of the impact private, fast-growing companies can have on the economy.
Complete results of the Inc. 5000 can be found at www.inc.com/inc5000/2009/index.html.