Bit-Wizards, a leading provider of custom software solutions in the Southeast, today announced that it has earned the position of 2698 on the 2010 Inc. 5000, Inc. Magazine's annual ranking of the fastest-growing private companies in America.
The list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. Bit-Wizards is among music website Pandora, convenience store chain 7-Eleven, Brooklyn Brewery, and Radio Flyer who are among the prominent brands featured on this year’s list.
The 2010 Inc. 5000 serves as a unique illustration of the profound changes taking place in the U.S. economy. The Government Services sector showed the biggest gain in terms of the number of companies on the list, up 33 percent from last year to 335 companies.
Despite the fact that most of this year’s measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year’s 126 percent. This year’s Inc. 5000 employ a record 1.4 million people, up from one million on last year’s list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.
The 2010 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2006 to 2009. To qualify, companies must be independent, privately held, for profit, and have been founded and generating revenue by June 30, 2006.
View the 2010 Inc. 500|5000 list: http://www.inc.com/inc5000/list
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