For the past five years, Inc. Magazine published the top 5000 fastest-growing private companies in America in its annual September Inc. 500|5000 issue. For the third consecutive year, Bit-Wizards has been named to this list. For 2011, the leading provider of custom software solutions in the Southeast was ranked at number 3870 with three-year sales growth of 36 percent.
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
"During the past year, Bit-Wizards has worked to solidify our partner relationships and expand our service offerings with the latest Microsoft technologies,” noted Vincent Mayfield, Bit-Wizards CEO. “Despite the challenging economic times, we celebrated the company’s 11th anniversary in 2011 and continue to invest in our long-term growth.”
“We are honored and excited to be recognized for the third straight year as one of the Inc. 5000 Fastest Growing Companies in America,” says Louis Erickson, COO of Bit-Wizards. “Moreover, it’s really a thrill to see many of our team members get excited now each year as we await word about where we rank when the list is announced.”
The list represents the most comprehensive look at the most important segment of the economy — America’s independent entrepreneurs. Bit-Wizards joins Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokane, makers of the Rabbit corkscrew, among other prominent brands featured on this year’s list.
The 2011 Inc. 500|5000 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. The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. Companies on the Inc. 500 are featured in Inc.’s September issue.
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/inc5000