October 2012 Recent Industry News
By: PowerSource Online
Inc. Magazine Unveils Its Annual Exclusive List of America’s Fastest-Growing Private Companies–the Inc.500|5000
XS International ranks No. 4337 on the 2012 Inc. 500|5000 with Three-Year Sales Growth of 26%
NEW YORK,(GLOBE NEWSWIRE) — Inc. magazine today ranked XS International NO 4337 on its sixth annual Inc. 500|5000, 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 entrepreneurs. Unified Payments tops this year’s list. XS International joins Yelp, yogurt maker Chobani, Giftcards.com, KIND and famed hatmaker Tilly’s, among other prominent brands featured on this year’s list.
“Making the Inc. 5000 list for the 2nd year in a row is a testament to the demand for our Alternative 3rd Party Global Field Maintenance we provide on, Juniper, Brocade and F5 Networks equipment among others. We are proud we can add to new U.S. job creation since our contracts in the U.S. are serviced by U.S. technicians and not outsourced overseas like most of the call centers staffed by these manufacturers. So not only are we saving customers 20-30% on their annual maintenance, they are receiving faster service,” stated Todd Bone, Founder and Chairman of XS International.
XS International also services end-of-life and end-of-service IT equipment which manufacturers will no longer support.
In a stagnant economic environment, median growth rate of 2012 Inc. 500|5000 companies remains an impressive 97 percent. The companies on this year’s list report having created over 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion.
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.
“Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. Editor Eric Schurenberg.
About XS International:
XS International is an IT solutions provider specializing in IT networking solutions, product sales and global field maintenance for network products including: , , Juniper, Brocade and F5.
Additional services include data center relocations, IT asset disposition, and the refurbishment and disposition sales of data center servers, storage and networking products. XSi can be found at http://www.xsnet.com/.*
Photizo Group Listed in 2012 Inc. 5000, among America’s Fastest Growing, Privately-Held Companies
Thriving through three of the toughest years this economy has seen since the Great Depression, Photizo Group was ranked in the Top 1000
MIDWAY, KY —Inc. magazine today ranked Photizo Group No. 918 on its sixth annual Inc. 5000, an exclusive ranking of the nation’s fastest growing, privately-held companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Photizo joins Yelp, yogurt maker Chobani, Giftcards.com, KIND, famed hat-maker Tilly’s, and other prominent brands featured on this year’s list.
“The period 2008 to 2011 was one of the toughest business periods in history. To have survived this time is a great accomplishment, but to have thrived is incredible. This kind of achievement is not possible without teamwork, and our entire team is incredibly proud of this honor,” said Edward Crowley, CEO and Founder of Photizo.
“Photizo’s achievement of being No. 918 on Inc.’s 5000 list of fastest growing companies is excellent and indicative of its unique position in the research and consulting industry. I am impressed with Photizo’s combined management team and am confident that the company will climb the Inc. 5000 list next year and thereafter,” said Ray Moncrief, president of Meritus Ventures.
In a stagnant economic environment, the median growth rate of 2012 Inc. 5000 companies remains an impressive 97 percent. The companies on this year’s list report having created more than 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion. “Now, more than ever, we depend on Inc. 5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” said Inc. Editor Eric Schurenberg.
Photizo was judged on revenue performance between 2008 and 2011, prior to the acquisition of Lyra Research, and based on actual organic growth. To qualify for the list, a firm must be privately held, have generated at least $100,000 in revenue in 2008, and generated a minimum of $2 million in revenue in 2011.
Founded in 2006, Photizo has been the imaging market’s principal source of business intelligence and research for the rapidly growing managed print services industry. With the acquisition of Lyra Research in January of 2012, Photizo Group united two market leaders to create the broadest, most comprehensive line of market intelligence and consulting services in the imaging industry to date.
About Photizo Group
A leading transformation firm, Photizo Group assists clients in transforming their businesses from product-centric to services-centric companies. We provide clients with innovative and practical market intelligence, consulting, and education services based upon our deep industry insight and objective analysis. Photizo is a trusted advisor and provides clients, as well as the entire imaging market, with visionary guidance to help make successful business decisions. www.photizogroup.com. *
*Both new stories this month include the below information regarding Inc. and the 500/5000 Methodology
Inc. 500/5000 Methodology
The 2012 Inc. 500/5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to more than 6,000,000 today. For more information, visit www.inc.com