Nitel Ranked 5th in Chicago Fast 50, Again

Virtual network operator Nitel Inc. announced Wednesday that it is ranked No. 5 on the Crains Chicago Business Fast 50 list for the second consecutive year.

Crains cited Nitels five-year revenue growth of 3,337 percent in placing the company fifth on this years Fast 50 list, which is based on 2009 revenue.

The Crains Fast Fifty is comprised of companies with headquarters in the six-county Chicago metro area (Cook, DuPage, Kane, Lake, McHenry and Will) with 2009 revenue of at least $20 million.

Founded in 1997, Nitel is based on Chicago with offices in Atlanta; Madison, Wis.; and Reno, Nev. The company provides wholesale MPLS, Ethernet, private line and Internet services with an emphasis on rural connectivity. As a virtual network operator, Nitel uses proprietary intelligence tools to aid procurement, installation and maintenance of services across more than 100 carrier networks.

In the very competitive telecommunications business, we have made a conscious effort to focus on the harder-to-reach areas, said Nitel CEO Rick Stern in a press statement. Our staff offers deep knowledge of the telecom industry and rural connectivity to offer customers network solutions for their unique requirements. We are proud to once again achieve this recognition, which reaffirms the strength of our commitment to serving our customers needs.

Nitel is also an Inc. 500 company. In addition, Stern has been named a finalist for the 2010 Ernst & Young Entrepreneur of the Year Award in the Midwest.

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