A handful of coveted spots on the 27th annual Inc. 500 list and 2nd annual 5,000 have been snagged by telecom outfits. The ever-popular list details the fastest-growing private companies in America in a variety of industries, by ranking them according to percentage of revenue growth from 2004 through 2007.
The publication reported that the slow economy had not affected the growth of this year’s listed companies, which boasted a combined revenue of $185.4 billion and 334 percent growth.
The telecommunications list of 131 companies in the Inc. 5,000 (16 of which ranked in the top 500) was led by StrataLight Communications at No. 24. This highest-ranked telecom company, which distributes ultra-high-capacity optical transmission subsystems, has grown 5,125.7 percent since 2004, and boasted a 2007 revenue of $76.3 million.
Santur came in next at No. 43, followed by GENBAND at No. 109, and then Solusia at No. 136. Rounding out the top five telecom companies is network solutions provider Splice Communications, ranking at No. 147 on the Inc. 500 and also as one of the top 10 fastest-growing companies in the Silicon Valley.
“We realize the impact of being included in this ranking which includes influential alumni such as Bill Gates of Microsoft, Larry Ellison of Oracle, and others who have traveled this path before Splice,” said Andy Coan, CEO and president of Splice. “Splice continues to focus on simplifying the lives of our customers and delivering more than just bandwidth.”
Not surprisingly, the list features a healthy helping of VoIP and managed services companies, like M5 Networks, for example, coming in at No. 2,065 with 178.9 percent growth since 2004.
Managed IT provider Appia Communications makes an appearance on the list for the second year in a row, this year at No. 2,248. “It’s not easy to repeat this kind of success, so it’s a testament to the dedication shown by everyone at Appia,” said Appia president, Victor von Schlegell.
In addition to the companies classified in the telecommunications bucket, there were several other groups that featured telecom-related companies, including: IT services, software, computers and electronics, and security. For example, Philadelphia-based Venture Technologies Group, which provides video surveillance integration services for commercial end users, ranked at No. 230 by bringing in $3.4 million in 2007. And BandCon weighs in at No. 330 (No. 39 in the top IT services companies), with 877.5 percent growth in the last three years and $9.7 million in 2007 revenue.
Check out what other companies made the lists at the link below.