We have once again made the Inc. 500|5000 list of the fastest-growing private companies in America. Ranked 2884 overall, we experienced a three-year growth rate of 79%. We also ranked 24th out of the 49 Middle Tennessee area companies that made the 2012 list, and 406th nationally within the IT services industry.
This is the second year in a row that Concept Technology has made the Inc. list. Last year, we ranked 22nd out of Nashville businesses and 2516 nationally.
When Inc. tells you that you’ve made the list, they also tell you that there are nearly seven million private U.S. companies who are eligible for inclusion in the Inc. 500|5000. That stat really put the honor into perspective for us. It’s humbling to be among the top few thousand companies in the country. This being our second year on the list makes the accomplishment just that much more meaningful for our team members.
Previous Inc. 500|5000 lists have included such tech powerhouses as Microsoft, Vizio, Intuit and Oracle. According to the magazine, companies are chosen for the list by comparing revenue growth from 2008 to 2011. Companies must be U.S.-based, privately held, independent, for-profit and not a subsidiary or division of another company. Revenues in 2008 must have been at least $100,000 and at least $2 million for 2011.