Inc. Magazine Unveils Its Fourth Annual Exclusive List of America’s Fastest-Growing Private Companies–the Inc. 5000
Kingfisher Systems, Inc. Ranks No. 3042 on the 2010 Inc. 5000 with Three-Year Sales Growth of 68%
NEW YORK, NEW YORK August 24, 2009 – Inc. magazine today ranked Kingfisher Systems, Inc. No. 3042 on its fourth annual Inc. 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-minded entrepreneurs. Music website Pandora, convenience store chain 7-Eleven, Brooklyn Brewery, and Radio Flyer, maker of the iconic children’s red wagon, are among the prominent brands featured on this year’s list.
“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”
Kingfisher Systems, Inc. was established in 2005 and is a Service Disabled Veteran Owned Small Business (SDVOSB). Kingfisher Systems, Inc.’s core competency is in technology-enabled services, with a specific focus on the Intelligence (Counterintelligence and Foreign Intelligence), Security, Irregular Warfare (including Cyber, Counterterrorism, and Antiterrorism), Homeland Security, and Law Enforcement Communities.
“I am proud of the stellar results our employees provide to our customers. Their efforts fuel our continued growth in our competitive industry,” said Roy Reed, President of Kingfisher Systems, Inc. “We look forward to continuing our growth trajectory through the exceptional results we provide to our customers.”
The 2010 Inc. 5000, unveiled today on Inc.com, serves as a unique illustration of the profound changes taking place in the U.S. economy. The Government Services sector showed the biggest gain in terms of the number of companies on the list, up 33 percent from last year to 335 companies. Government Services was also the second-fastest-growing sector in terms of median revenue growth, posting a 202 percent gain over the 2006-2009 measuring period. More than half of these companies are based in Maryland, Virginia, and Washington, D.C.
Despite the fact that most of this year’s measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year’s 126 percent. This year’s Inc. 5000 employ a record 1.4 million people, up from one million on last year’s list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.
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 on www.inc.com/5000.
The 2010 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2006 to 2009. To qualify, companies must have been founded and generating revenue by June 30, 2006. Additionally, they had to be based in the United States, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2009. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2006 is $80,000; the minimum for 2009 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. The top 10 percent of companies on the list constitute the Inc. 500, now in its 29th year.
For a copy of the press release, select the link below.