America’s 5,000 Fastest-Growing Private Companies Revealed: TicketNetwork Ranks No. 27 on the 2008 Inc. 5000 With Three-Year Sales Growth of 4,737.3%
2008-08-20 11:12:00
America’s 5,000 Fastest-Growing Private Companies Revealed: TicketNetwork Ranks No. 27 on the 2008 Inc. 5000 With Three-Year Sales Growth of 4,737.3%
5,000 Fast-Growth Companies to Quell Your Recession Fears — List Reports Aggregate Revenue of $185 Billion
NEW YORK, NY–(EMWNews – August 20, 2008) – Inc. today ranked TicketNetwork
(www.ticketnetwork.com) number 27 on its annual ranking of the 5,000
fastest-growing private companies in the country. The list is the most
comprehensive look at the most important segment of the economy —
America’s independent-minded entrepreneurs. Taken as a whole, these
companies represent the backbone of the U.S. economy.
“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.”
In addition to ranking twenty-seventh on the Inc. 5000 list in the nation,
TicketNetwork is also the fastest growing company in Connecticut.
TicketNetwork serves as the backbone of the secondary ticket market by
providing cutting-edge ticket resale software supplemented with the most
comprehensive selection of tickets at competitive prices. It is the world’s
leading provider of real-time ticket inventory and sells sought after
tickets to concert, sporting, and theater events throughout North America.
TicketNetwork’s inventory includes more than $1 billion in tickets to
72,000 events worldwide. TicketNetwork’s properties include:
TicketLiquidator.com, TicketNetwork Direct, TicketNews, TicketNetwork
Point-of-Sale, and Ticket Summit, the world’s largest trade show and
conference in the secondary ticket industry.
The 5,000 companies that made the list reported aggregate revenue of $185
billion and median three-year growth of 147 percent. Most important, the
2008 Inc. 5000 companies were engines of job growth, having created more
than 826,033 jobs since those companies were founded. Complete results of
the Inc. 5000, including company profiles and a list of the fastest-growing
companies that can be sorted by industry and region, can be found at
Hottest Regions for Fastest-Growing Companies
The New York metro area tops the Inc. 5000 list with the most companies of
any city with 355. Washington, D.C. comes in a close second with 300
companies on the list; Los Angeles comes in third with 244 companies, and
Atlanta (194 companies) and Chicago (189 companies) round out the top five.
Interestingly, only 62 companies on the Inc. 5000 are not based in
metropolitan areas.
Grand Rapids, Mich. leads the list with the highest median revenue of any
metro area ($26.2 million, 16 companies), followed by San Antonio, Texas
($21.3 million, 25 companies), Baton Rouge, La. ($18.8 million, 14
companies), Houston ($17.1 million, 97 companies), and Kansas City, Mo.
($16.5 million, 39 companies).
Hottest Industries for Fastest-Growing Businesses
The most notable median growth categories among the Inc. 5000
fastest-growing businesses are in the Energy category (which grew by 298%),
followed by Government Services (which grew by 220%), Security (200%
growth), IT Services and Software (both grew by 187%), and Consulting
(which grew by 182% on average).
The largest business category is IT Services, with 579 Inc. 5000 companies.
Business Services (532 companies), Construction (459), Manufacturing (405),
and Advertising & Marketing (361) complete the top five industries ranked
on the 2008 Inc. 5000.
Industries reporting the highest median revenue are Travel ($38.8 million),
Financial Services ($16.3 million), Logistics ($15.4 million) Government
Services ($14.2 million), and Energy ($14.2 million).
Methodology
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To
qualify, companies must be U.S.-based and privately held, for profit,
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.
Companies can apply for next year’s Inc. 5000 by registering with
“IncBizNet, Business Network for Private Companies,” at www.incbiznet.com.
About Inc.com
Inc.com, the daily resource for entrepreneurs, delivers how-to guides,
advice, tools, breaking news, and rich multi-media to help business owners
and CEOs start, run, and grow their businesses. Inc.com offers dynamic
marketing solutions to help advertisers effectively reach Inc.com’s
audience of business leaders. Visit http://www.inc.com.
About Inc. 500|Inc. 5000 Conference
Each year, Inc. magazine and Inc.com celebrate the remarkable achievements
of today’s entrepreneurial superstars — the privately held small
businesses that drive our economy. The Inc. 500|Inc. 5000 Conference brings
together members of the Inc. 5000 community — both a new class of Inc.
5000 honorees and the list’s alumni — for three days of powerful
networking, inspired learning, and momentous celebration. For the first
time ever, this powerful networking event is open to all. Please join us
September 18-20, 2008 at the Gaylord National Resort and Convention Center
in Washington, D.C. For more information or to register, visit
www.Inc500Conference.com or call us at 877-211-0489.
MEDIA CONTACT: Viveca Woods VMW Public Relations, LLC [email protected] 646-418-6934 Molly Martinez |
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