Inc. The Handbook of the American Entrepreneur
Inc. Magazine Reveals Its 25th Annual List of America’s
500 Fastest-Growing Private Companies
IT Services Firm, ITSolutions LLC, Ranks No. 29 on the 2006 Inc. 500
With Three-Year Sales Growth of 1,736.9%
2006 List First to Include Businesses That Started
Immediately Before and After 9/11
D.C., NYC, L.A., Boston, and Atlanta Are
Home to Fastest Growing Businesses in the U.S.
List Shows IT Services, Health, Retail, Real Estate, and Human Resources
as Top Industries magazine today announced its 25th annual Inc. 500 ranking of the fastest-growing private companies in the country. IT Services Firm, ITSolutions LLC, ranks No. 29 on the list, with three-year growth of 1,736.9 percent. ITSolutions was also ranked as the 2nd fastest growing company in the IT Services sector by the magazine.
ITSolutions delivers Information Technology solutions primarily to civilian agencies of the U.S. government, including the Food and Drug Administration, Internal Revenue Service, Department of Treasury, Health and Human Services, and the Security and Exchange Commission. The Company offers the full life-cycle of IT solutions from needs analysis and requirements definition through implementation and ongoing operation and maintenance. ITS is based in Gaithersburg, Maryland and employs approximately 150 professionals.
The 2006 Inc. 500, as revealed in the September issue of
Inc., reported the most robust bunch of companies the magazine has ever compiled, with aggregate revenue of $19.7 billion, up from $16.5 billion last year and $12.9 billion in 2000. Most important, the 2006 Inc. 500 companies were engines of job growth, having created more than 90,000 jobs since those companies were founded.
This year’s list is the first to include businesses that started up immediately before and after September 11, 2001 – including the No. 1 company and 20 companies in the top 50, including
ITSolutions. In total, 104 companies listed on this year’s Inc. 500 were started after 2000.
“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.”
“To make the Inc. 500 List is an extraordinary honor,” said
ITSolutions CEO Stefan Lalos. “We have worked very hard to grow our business, which is clearly reflected in this achievement.”
Federal spending again propels a large number of companies from Washington, D.C., Virginia, and Maryland onto the Inc. 500. Washington, D.C., is the top metropolitan area for the fourth consecutive year, with 43 of the fastest-growing companies, an increase of one over last year.
The 2006 Inc. 500 list measures revenue growth from 2002 through 2005. To qualify, companies had to be U.S.-based, privately held independent – not subsidiaries or divisions of other companies – as of December 31, 2005, and have, and have at least $600,000 in net sales in the base year.
