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Logicworks, a leading provider of high-availability hosting solutions to support business-critical applications and content, today announced it has been named among Inc. Magazine’s second annual ranking of the 5,000 fastest-growing private companies in the United States with 114% growth from 2004 through 2007. The list provides a snapshot of the most important segment of the economy – America’s independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy.
Hottest Industries for Fast-Growing Businesses
The most notable median growth categories among the Inc. 5000 fastest-growing businesses are in the Energy category (which grew by 298%), followed by Government Services (which grew by 220%), Security (200% growth), IT Services and Software (both grew by 187%), and Consulting (which grew by 182% on average).
The largest business category is IT Services, with 579 Inc. 5000 companies. Business Services (532 companies), Construction (459), Manufacturing (405), and Advertising & Marketing (361) complete the top five industries ranked on the 2008 Inc. 5000. Industries reporting the highest median revenue are Travel ($38.8 million), Financial Services ($16.3 million), Logistics ($15.4 million) Government Services ($14.2 million), and Energy ($14.2 million).
Logicworks provides market-leading enterprise hosting solutions, specializing in database high-availability and providing all the around-the-clock operational support required to keep today’s complex Internet applications up-and-running. Its’ clients benefit from operational efficiency, faster time to market, access to deep domain expertise, and ultimately, peace of mind. The company supports a broad range of clients in the media, entertainment, health care, financial services, digital content and publishing, advertising, high-tech, education, and communications markets, all of whom rely on Logicworks as an extension of their IT operations.
“Our second annual Inc. 5000 continues the most ambitious project in business journalism,” said Inc. 5000 Project Manager Jim Melloan. “The Inc. 5000 gives an unrivalled portrait of young, growing companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth.”
The 5000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at inc5000.com.
About Logicworks
Logicworks exclusively delivers multi-server enterprise hosting solutions to savvy, high-growth customers in need of high-availability for their most critical applications and content. Through its Complex Hosting and No Transactions Lost Database Services, Logicworks offers its diverse client base unmatched access to technology expertise. For additional information, call 866-FOR-LOGIC.
About Inc.com
Inc.com, the daily resource for entrepreneurs, delivers how-to guides, advice, tools, breaking news, and rich multi-media to help business owners and CEOs start, run, and grow their businesses. Inc.com offers dynamic marketing solutions to help advertisers effectively reach Inc.com's audience of business leaders.
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