Imagination Technologies Honored for a Second Time on Inc. 5000's List of America's Fastest Growing Private Companies
Imagination Technologies (ITI), the background screening industry’s technology leader, today announces that it has been named a second time as one of the 5000 fastest growing private companies in America by Inc. magazine. ITI saw its sales grow by 19% over the last three years earning them a ranking of 4464, and #281 among fellow software companies on the 2011 publication of the prestigious Inc. 5000 list, the preeminent ranking of privately held, independent companies in the US.
“To be honored with this recognition for a second time is very exciting for our company.”, stated Phil Chapman, President of ITI. “Working through the tough economy of the past few years has presented many challenges. However, with God's guidance and blessings we have managed to not only survive but to see additional growth. I personally owe a great deal of the credit for these accomplishments to an excellent management team, a group of rock star development and technical contributors, and the absolute best clients and strategic partners a business could ever want.”
The Inc. 5000 list represents the most comprehensive look at the most important segment of the economy-America's independent entrepreneurs. Online retailer ideeli tops this year's list. Imagination Technologies joins Spirit Airlines, television maker Vizio, Honest Tea and Dunkin Donuts, among other prominent brands featured on this year's list.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. magazine Editor Jane Berentson.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2010. Since then, a number of companies on the list have gone public or been acquired. The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.