Press Release
| 
| 
Inc. Magazine Reveals Its 25th Annual List of America's 500 Fastest-Growing Private Companies
Infoglide Software Corporation, Ranks No. 154 on the 2006 Inc. 500 With Three-Year Sales Growth of 690.1%
New York, August 23, 2006 - Inc. magazine today announced its 25th annual Inc. 500 ranking of the fastest-growing private companies in the country. Infoglide Software Corporation, a leading provider of operational business intelligence solutions, ranks No. 154 on the list, with three-year growth of 690.1 percent. Infoglide Software supplies operational business intelligence solutions to the retail, insurance, and government markets.
"We're really pleased to be back on the Inc. 500 list," said Michael Shultz, president and CEO of Infoglide Software. "Our retail business, on top of the work we do for the government, has helped us continue to grow, and we are very happy with our position as 154 on the list."
The 2006 Inc. 500, as revealed in the September issue of Inc., reported the most robust bunch of companies the magazine has ever compiled, with aggregate revenue of $19.7 billion, up from $16.5 billion last year and $12.9 billion in 2000. The two largest companies on this year's Inc. 500 are the biggest ever to make the list - No. 170 Western Refining ($3.4 billion in revenue) and No. 376 Newegg.com ($1.26 billion) - and the third and fourth companies in Inc. 500 history to crack the billion-dollar mark. In all, 14 companies topped $200 million in annual revenue, compared with 11 last year.
Most important, the 2006 Inc. 500 companies were engines of job growth, having created more than 90,000 jobs since those companies were founded.
This year's list is the first to include businesses that started up immediately before and after September 11, 2001 - including the No. 1 company and 20 companies in the top 50 - as well as many companies that had to raise capital after the dot-com bubble burst. In total, 104 companies listed on this year's Inc. 500 were started after 2000.
"If you want to find out which companies are going to change the world, look at the Inc. 500," said Inc. Editor Jane Berentson. "These are the most innovative, dynamic, fast-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine's tribute to American business ingenuity and ambition."
Hottest Regions for Fastest-Growing Companies
Federal spending again propels a large number of companies from Washington,
D.C., Virginia, and Maryland onto the Inc. 500.
Washington, D.C., is the top metropolitan area for the fourth consecutive year, with 43 of the fastest-growing companies, an increase of one over last year. New York City is a close second and the biggest gainer, adding 17 companies for a total of 42 companies this year, followed by Los Angeles with 25 (down seven companies from last year), Boston with 24 (down three companies), and Atlanta with 20 (no change).
California is the state with the most Inc. 500 companies - 66 (down from 77 last year). Virginia and New York both are home to 34 of the fastest-growing companies, followed by Texas (32) and Massachusetts (28).
The Immigration Debate
At least 55 of this year's Inc. 500 CEOs were born outside the U.S.,
coming from countries as far-flung as Argentina, the United Kingdom,
India, Russia, Pakistan, and the Philippines. The companies they
run employ more than 14,300 workers and contributed more than $1.36
billion to the economy last year. Other countries may offer cheaper
business costs (India, China) or more incentives for entrepreneurs
(Ireland, Taiwan), but America still retains its land-of-opportunity
glow for these CEOs.
Hottest Industries for Fastest-Growing Businesses
The largest business category among this year's Inc. 500 is IT Services,
with 68 companies in this category. Health (36 companies), Retail
(35 companies), Real Estate (30 companies), and Human Resources
(29 companies) round out the top industries ranked on the 2006
Inc. 500.
Top 10 Inc. 500 Companies of 2006:
| Rank | Company | Location | Industry | Year Founded | 3-Year Revenue Growth | 2005 Revenue |
|---|---|---|---|---|---|---|
| No. 1 | Litle & Co. | Lowell, Mass. | Financial Services | 2001 | 5,629.1% | $34.8 million |
| No. 2 | Airborne Health | Bonita Springs, Fla. | Consumer Products | 1997 | 4,673% | $151.6 million |
| No. 3 | Digital Lifestyle Outfitters | Charleston, S.C. | Consumer Products | 2001 | 4,385% | $83.6 million |
| No. 4 | Edible Arrangements International | Hamden, Conn. | Food & Beverage | 1999 | 4,383% | $45.6 million |
| No. 5 | SunRx | Cherry Hill, N.J. | Health | 2001 | 3,877.3% | $27.1 million |
| No. 6 | United Bank Card | Hampton, N.J. | Financial Services | 1999 | 3,845% | $53.4 million |
| No. 7 | Method Products | San Francisco | Consumer Products | 2001 | 3,390.5% | $33.5 million |
| No. 8 | StubHub | San Francisco | Retail | 2000 | 3,247.8% | $199 million |
| No. 9 | Ancillary Care Management | Los Angeles | Health | 1995 | 2,942.1% | $232.6 million |
| No. 10 | MemberHealth | Cleveland | Health | 1998 | 2,858.1% | $215.9 million |
Top 10 Inc. 500 Companies Ranked by Revenue:
| Rank | Company | Location | Revenue | Industry |
|---|---|---|---|---|
| No. 170 | Western Refining | El Paso | $3.4 billion | Energy |
| No. 376 | Newegg.com | City of Industry, Calif. | $1.26 billion | Computers & Electronics |
| No. 446 | Schaller Anderson | Phoenix | $505.3 million | Health |
| No. 370 | MXenergy | Stanford, Conn. | $308 million | Energy |
| No. 477 | Infonxx | New York City | $308 million | Telecommunications |
| No. 164 | Century Gaming | Missoula, Mont. | $279.9 million | Business Services |
| No. 79 | Zappos.com | Las Vegas | $251.6 million | Retail |
| No. 9 | Ancillary Care Management | Los Angeles | $232.6 million | Health |
| No. 27 | C&B Services | Port Neches, Texas | $225.2 million | Environmental Services |
| No. 256 | 2Wire | San Jose, Calif. | $219.6 million | Telecommunications |
Methodology
The 2006 Inc. 500 list measures revenue growth from 2002 through
2005. To qualify, companies had to be U.S.-based, privately held
independent - not subsidiaries or divisions of other companies
- as of December 31, 2005, and have, and have at least $600,000
in net sales in the base year.
Visit http://www.inc.com to dig deeper into this year's Inc. 500 rankings
To celebrate the 25th annual Inc. 500 list, Inc.com has assembled an exclusive lineup of interactive resources that includes:
- A timeline of world events and pop culture trends that shaped the past 25 years that explains how the Inc. 500 corresponds to and is reflected by those events
- Slide shows of the top companies and most innovative products from the Inc. 500 class of 2006
- A quiz that includes interesting facts such as which former Inc. 500 CEO won a World Series ring.
About Infoglide Software Corporation
Infoglide Software Corporation (www.infoglidesoftware.com)
is the leader in the emerging transactional business intelligence
market. The company ranked #67 on the 2004 Inc. 500 with four/five
year average annual sales growth of 387%. Infoglide Software provides
a new generation of enterprise software that enables organizations
to apply business intelligence in an operational environment by integrating
real-time transactional data with remote and disparate historical
data to achieve true enterprise intelligence. The company’s enterprise
software, Bladeworks™, enables more accurate and informed decisions;
streamlines operational processes; increases efficiencies and reduces
operational costs; transforms data in real-time into useful and useable
information; improves customer service and customer interaction;
and drives more profitable relationships with customers. Bladeworks
is used in business-critical applications including enterprise risk
management, automated fraud detection, enterprise identity management,
transactional CRM, compliance, enhanced data connectivity, and enhanced
data mining. Current markets include financial services, information
services, transportation, retail, e-business, insurance, government,
and CRM. Incorporated in 1996, Infoglide Software is a privately
held company headquartered in Austin, Texas.
###
Infoglide®, Infoglide Software™, Infoglide Software logo, and Bladeworks™ are trademarks of Infoglide Software Corporation. All other company or product names are the registered trademarks or trademarks of their respective owners.
