Verinon Solutions gets recognized in 2008 Inc. 5000 for a three-year growth rate of 236 percent
Repeats recognition for a second year in a row following inclusion in 2007 INC 500 list
CHICAGO, October 15, 2008 — Verinon Solutions, a leading system integration consultancy with expertise in areas including enterprise content management, analysis & metrics solutions as well as collaboration systems, today announced it ranked 1,602nd on the 27th annual Inc. 5000 list which recognizes the fastest growing private companies in the United States. As recognized in a banquet held in Washington DC, Verinon Solutions was found to be meritorious of this recognition as a product of a compounded three-year growth rate that exceeded 236 percent. Beyond the overall national recognition, the company was also recognized as the sixty-fourth top overall growth company in the Chicagoland area as well as 231st top nationwide as it relates to information technology services.
"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, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth."
The Inc. 500, and now in the expanded form the Inc. 5000 focuses on the entrepreneurial segment of the U.S. economy where companies on this year’s list reported aggregate revenue of $185 billion and a median three-year growth of 147 percent. It was also reported that the Midwest region was the part of the country that provided the highest number of the companies on this year’s list while Chicagoland proved to be one of the top-five hottest metropolitan areas nationwide. Incrementally information technology services companies were also clearly the top category accounting for close to 600 of the companies on this prestigious list.
This year is the second consecutive year where Verinon Solutions has earned a spot on the Inc. list. In 2007, the company earned a spot at 237th on the Inc. 500 list. Incrementally, last year the company was also recognized as the top ten overall growth company in the Chicagoland area as well as top twenty-five nationwide as it relates to information technology services.
“On behalf of our employees and the clients we serve, we accept this recognition with great pride and honor”, said Tewabe Ayenew, Verinon Solutions President and CEO. He added “Our repeat induction following our recognition in the 2007 Inc. 500 further affirms our commitment to growth and innovation. This repeat recognition once again demonstrates that even through tumultuous market conditions, we are a disciplined organization that continuously outperforms year after year. Once again this year, in each of our business units, our year-to-date sales performance has already surpassed the totals for all of 2007.”
About Inc. 5000
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies had to be U.S.-based and privately held, independent - not subsidiaries or divisions of other companies - as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007. Complete information on this year's Inc. 500, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc.com/inc5000.