(1888PressRelease)
August 24, 2007 - NEW YORK – Inc. today ranked LightEdge Solutions, a leader in managed voice, data and IT services for small and medium-sized businesses, No. 2,888 on its first-ever Inc. 5,000 list of the fastest-growing private companies in the country. The Inc. 5,000, an extension of Inc. magazine’s annual Inc. 500 list, catches many businesses that are too big to grow at the pace required to make the Inc. 500, as well as a host of smaller firms. Taken as a whole, these companies represent the backbone of the U.S. economy.
“The Inc. 5,000 provides the most comprehensive look ever at the most important part of the economy – the entrepreneurial part,” said Inc. 5,000 Project Manager Jim Melloan. “The expansion of the list has allowed us to tell the stories of larger companies, older companies, and a wealth of companies in industries like Manufacturing and Construction that are underreported in the business media.
LightEdge Solutions, a managed services provider delivering technology solutions to the upper Midwest, clearly reflects the entrepreneurial spirit, dedication and innovation that Inc. pays homage to in its annual award. The company has established itself as an alert, first-to-market player in the Networking, Information Technology and Voice-over-IP segments and is uniquely positioned for substantial growth as companies react to market pressures by adopting remotely hosted and managed voice, IT and business continuity solutions.
“Visibility to market drivers and the ability to quickly and decisively act on the needs of the SMB have been the key to our current success,” said Jim Masterson, CEO and Chairman of LightEdge Solutions. “Our ranking in the Inc. 5,000 is a testament to a clear management vision, diligent execution by our staff and a strong understanding of managed services and technological out-tasking by our clients.”
In 2005, LightEdge was named a “Cool Vendor” by Gartner, Inc. Masterson was named a regional finalist in the Ernst and Young Entrepreneur Of The Year Award in 2006.
About the Inc. 5,000
Complete information on this year’s Inc. 5,000, can be found at www.inc.com/inc5000. The list features a profile for each company, almost all of them written as a result of Inc. interviews with management. In addition, the list is searchable according to numerous criteria, including industry, city, state, region, and year founded.
Hottest Regions for Fastest-Growing Companies
Leading the list of the fastest-growing companies in the nation is the Midwest region with 1,046 of the fastest-growing companies, followed by the West with 884 companies. The Southeast comes in a close third, with 872 companies, followed by the Northeast with 782 companies, and the Mid-Atlantic region with 606 companies.
Hottest Industries for Fastest-Growing Businesses
IT Services and Business Services ranked as the third and fourth fastest-growing business categories on the 2007 Inc. 5,000 list by number of companies, while the Computer & Electronics segment was third largest in total revenue ($12.7 billion).
Methodology
The 2007 Inc. 5000 list measures revenue growth from 2003 through 2006. To qualify, companies had to be U.S.-based and privately held, independent – not subsidiaries or divisions of other companies – as of December 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006.
About Inc.com:
Inc.com, the Daily Resource for Entrepreneurs, delivers advice, tools, breaking news, and rich multi-media to help business owners and CEOs start, run, and grow their businesses more successfully. Information and advice covering virtually every business and management task, including marketing, sales, finding capital, managing people can be found at http://www.inc.com.
About LightEdge Solutions
LightEdge Solutions empowers businesses to be productive, mobile and effective with managed voice and data services delivered through a multi-homed, Cisco Powered Network data center environment. By out-tasking voice, data and IT services, small and medium-sized businesses are able to realize unparalleled scalability and reliability with a lower total cost of ownership and reduced administration. LightEdge Solutions® is a registered trademark of LightEdge Solutions, Inc. For more information, visit www.lightedge.com.
