Inc. Magazine has released 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 and Consolidated Technologies, Inc. is proud to be included among them.
“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.”
Consolidated Technologies, Inc., an award-winning converged technology company with offices in New York City, Port Chester NY, and Princeton NJ, credits its growth over the past several years on client referrals, innovative marketing and aggressive recruiting. During the last decade, CTI has grown organically from 3 people to over 85 employees. Revenues in 1997 were $650,000 and grew to approximately $20 million in 2006 with a steady growth rate ranging between 20% - 60% each year. It is this kind of impressive growth that landed the company on the Inc. List of 5,000 Fastest-Growing Companies.
This is the fourth time Consolidated Technologies, Inc. has been honored with recognition in the past year, having received an “Avaya Enterprise Growth” Award at the Catalyst Telecom sales conference in May, a Forbes Enterprise Award in February, and being named Avaya BusinessPartner of the Year at Avaya's Global Sales and Partner conference in October, 2006.
“The past year has been a special one for CTI” says CTI President Kenneth Heitner, “The four awards that we received are a true recognition of the consistent focus and effort that CTI puts on developing and providing innovative solutions for our customers. I am confident that these awards are just the beginning of the recognition CTI will receive for our innovative programs as CTIs’ newest products and services are sure to provide growth to the organization.”
The 2007 Inc. 5,000 reported median revenue of $9.4 million and median three-year growth of 140 percent. Complete information on this year’s Inc. 5,000, can be found on the Inc website. 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.
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 Consolidated Technologies Inc.
Consolidated Technologies Inc. is an award-winning, Platinum-certified Avaya Business Partner specializing in Avaya's communications product lines, as well as Hosted communications solutions. Staffed with certified technicians and offering 24/7 support, Consolidated Technologies Inc. provides comprehensive voice and data solutions for small, medium and enterprise businesses and organizations. With more than 5,000 satisfied customers and a nationwide network of Avaya-certified technicians, Consolidated Technologies Inc. is a single-source solution for the procurement and implementation of communication solutions.
Consolidated Technologies, Inc. was named Avaya BusinessPartner of the Year in October 2006 and recently won the Forbes Enterprise Award for visionary practices and achievements.