Achieves recognition by posting a three-year growth rate of over 987 percent
CHICAGO December 31, 2007 – 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 237th on the 26th annual Inc. 500 list which recognizes the fastest growing private companies in the United States. As recognized in a banquet held in Chicago, Verinon Solutions was found to be meritorious of this recognition as a product of a compounded three-year growth rate that exceeded 987 percent. Beyond the overall national recognition, the company was also recognized as the tenth top overall growth company in the Chicagoland area as well as twenty-fifth top nationwide as it relates to information technology services.
“If you want to find out which companies are going to change the world, look at the Inc. 500,” said Inc. editor Jane Berentson. “These are the most innovative, dynamic, fast-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can’t live without. The Inc. 500 list is Inc. Magazine’s tribute to American business ingenuity and ambition.”
It was reported in the September issue of Inc. Magazine, per the current expanded top 5000 list, the largest such list published by the magazine to date, these companies combined to produce $194 billion in 2006 revenues, which constituted about 1.5 percent of the national gross domestic product. In addition, they accounted for about 0.6 percent of the jobs in the U.S. which meant jobs to more than 900,000 employees.
“The dedication of each member of Verinon Solutions towards uncompromising client satisfaction is the topmost reason for our recognition,” said Tewabe Ayenew, Verinon Solutions President and CEO. He added, “As we go forward into a new year, we do not intend to rest on our laurels but strive to eclipse what we have accomplished to date. As an organization, as deeply honored as we are by this recognition, our objective has never been about fast growth but a relentless focus on exceeding customer expectations and creating value.”
About Inc. 500
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. 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.