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Three Eastside Companies Named to 2011 Inc. 5000
Huntsville, AL – Three Eastside portfolio companies have been recognized by Inc. magazine as part of the prestigious 2011 Inc. 5000 List of America’s Fastest-Growing Private Companies. The 2011 Inc. 5000 list measures revenue growth from 2007-2010. To qualify, companies must be U.S.-based and privately held, for profit, independent (not subsidiaries or divisions of other companies), and have had at least $80,000 in revenue in 2007, and $2 million in revenue in 2010.
Ranking #1571 on the list, PeopleTec experienced revenue growth of 175% from 2007-2010. At #1951, nLogic grew revenues by 131% from 2007-2010. And at #3472 on the list, Medseek grew revenues 51% from 2007-2010.
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
For more than 30 years, Inc’s list has served as evidence of the significant accomplishments of enterprises. And more than ever, this year’s list is a testament to the creativity, resilience, and tenacity of America’s top entrepreneurs.
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 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region and other criteria, can be found at: www.inc.com/5000