Rockledge, FL (PRWEB) November 3, 2004
Applied Global Technologies, proven experts in IP collaboration technologies and solutions, announces that its performance over the past four years has been recognized by Inc Magazine Â placing it among the top 500 fastest growing private companies in 2004. AGTÂs four year average annual sales growth of 90.8% places it at #415 on the list. The Inc. 500 Special Issue is now on newsstands.
ÂThis achievement is significant because it requires dedication and commitment from so many people within AGT,Â stated Michael Valletutti, co-founder and Chief Executive Officer, Applied Global Technologies. ÂThis includes not only our successful Sales Vice Presidents, Mike Garvey and Steve Parrish, and their teams, but also the engineers, managers, and staff that fulfills customer requirements and maintain high levels of customer satisfaction. I know that every employee of AGT is proud of our accomplishments and each other, which is the cornerstone of success.Â
Applied Global Technologies has proven itself as a trusted organization Â providing solutions for those who cannot afford failure. Through its Managed Services portfolio, AGT offers its customers customized communication solutions. Headquartered in Florida and with operations throughout the United States, Europe and Japan, AGT provides a comprehensive collaboration service solution that includes proprietary technology like FATHOMTM c/A Â an IP video analysis tool (FATHOM collaboration Analyzer), NEXUS c/RTM Â a billing and utilization management tool (NEXUS collaboration Reporter), and PERSPECTIVETM c/P Â a multimedia gateway for seamless communication between group and desktop systems (PERSPECTIVE collaboration Portal).
ÂBeing recognized in this manner is a direct reflection of the dedication and quality of the AGT team,Â commented Ben Atha, co-founder and Chief Technical Officer, Applied Global Technologies. ÂAll of our team members have dedicated themselves to our customers and making long term customer relationships the number one priority. Our growth reflects our customersÂ response to this commitment. The commitment AGT has made to R&D ensures that our customers have access to the latest technology integrated to their specific needs.Â
Now in its eleventh year of operation, Applied Global has grown its revenues from $1.7M in 1998 to $22.4M in 2003, excluding gain on sale of technology. For the first half of 2004, sales grew 70% over the first six months of 2003 and the company is scheduled to release third quarter 2004 sales numbers later this week.
ÂAGT has shown growth in revenue and sustained profitability for nine consecutive years,Â added Harry Ericson, Chief Financial Officer, Applied Global Technologies. ÂProfits have been reinvested in the business, producing new products and capabilities that continue to enhance enterprise value and provide the basis for continued growth and success.Â
ÂThe best thing you can say about this yearÂs crop of Inc. 500 entrepreneurs is that they didnÂt buy into the hype,Â said Inc. editor-in-chief John Koten. ÂWhen people were practically giving away funding in the late 1990s, these companies didnÂt overextend, and when everyone hit the panic button a few years later, they stayed calm and seized opportunity.Â
The Inc. 500 ranks privately held companies according to averaged year-over-year sales growth over the past four years. With approximately 75% of all new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient indicator of the companies and industries that are driving the economy forward. Eighty-five companies (17%) on this yearÂs Inc. 500 say they plan to go public at some point. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, E* Trade, Intuit, and DominoÂs Pizza all appearing on the list before they became industry powerhouses.
To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year 2003, have had at least $200,000 in net sales in the base year of 1999 for Inc. 500 alumni and 2000 for new applicants, and $2 million in net sales for 2003. In addition, their 2003 sales had to exceed 2002 sales. Companies are ranked on averaged year-over-year sales growth. Inc. verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials.
Inc., the only business magazine dedicated exclusively to owners and managers of fast-growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing and technology. Inc. is the premier publication that focuses on small to medium-size businesses, which are responsible for more than half the nation's gross domestic product and 75% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Gruner + Jahr USA publication, inspires and informs, with cutting-edge coverage that reflects our readers' energy, brashness, and imagination.
About Applied Global TechnologiesÂ®
Applied Global TechnologiesÂ® offers its customers proven expertise in IP collaboration with the mission to transform companies from buyers of technology into users of technology. Applied Global takes the enterprise vision of fully integrated IP networks and applies it as an effective, ROI-centered solution for todayÂs progressive and agile businesses.
In addition to its work in the commercial marketplace, the eleven-year old private corporation provides conferencing solutions to the Pentagon, branches of the US Military and civilian agencies, as well as numerous federal and state government facilities. The companyÂs continued advancement in communications is being felt around the world.
AGT partners with those companies that bring value to its customers. Applied GlobalÂs current partners include: Anteon, AT Alliance, EDS, Glowpoint, Infonet, MiCTA, Polycom, Radvision, SAIC, Sprint, SRA International, TANDBERG, VCON, and Verizon.
Applied GlobalÂs international headquarters is located in Rockledge, FL with field support offices in Atlanta, Chicago, Dallas, Honolulu, Okinawa, Ottawa, Phoenix, Seattle, San Francisco, Virginia Beach, and Washington, DC.