Twin Cities, MN (PRWEB) September 2, 2008
Inc. Magazine announced St. Paul-based Ergotron ranked 2,871 on its annual list of the 5000 fastest-growing privately held companies in the country. Ergotron's recognition marks the second consecutive year the company has received this prestigious honor. The list is the most comprehensive look at the most important segment of the economy--America's independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy.
"Our second annual Inc. 5000 continues the most ambitious project in business journalism," said Inc. 5000 Project Manager Jim Melloan. "The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth."
Over the past three years, Ergotron has experienced record growth--recognized by the business community through awards such as the Global Technology Distribution Council's Rising Star Award (2006) and Minneapolis/St. Paul Business Journal's Fast 50 Award (2005, 2006 and 2007). While growing at such a rapid pace, Ergotron has managed to also see its profitability rise to record levels.
The 5000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at http://www.inc5000.com.
"This recognition is a testament to our entire team's passion and dedication to improving the wellness of computer users around the globe," explained Joel Hazzard, President and CEO of Ergotron. "Year over year, Ergotron has been consistently delivering the world's most innovative mounting and mobility products, and the reality is, we're just getting started."
Hottest Industries for Fastest-Growing Businesses
The most notable median growth categories among the Inc. 5000 fastest-growing businesses are in the Energy category (which grew by 298%), followed by Government Services (which grew by 220%), Security (200% growth), IT Services and Software (both grew by 187%), and Consulting (which grew by 182% on average).
The largest business category is IT Services, with 579 Inc. 5000 companies. Business Services (532 companies), Construction (459), Manufacturing (405), and Advertising & Marketing (361) complete the top five industries ranked on the 2008 Inc. 5000.
Industries reporting the highest median revenue are Travel ($38.8 million), Financial Services ($16.3 million), Logistics ($15.4 million) Government Services ($14.2 million), and Energy ($14.2 million).
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, independent--not subsidiaries or divisions of other companies--December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
Companies can apply for next year's Inc. 5000 by registering with "IncBizNet, Business Network for Private Companies," at http://www.incbiznet.com.
Founded in 1982 by VESA FDMI standard author and visionary Harry Sweere, Ergotron is a global manufacturer of digital display mounting and mobility products, headquartered in Saint Paul, Minnesota, with sales efforts in Amersfoort, the Netherlands, and Singapore. Ergotron's products have been improving the human interface with digital displays for over 25 years. Our history of innovation and passion for differentiation is evidenced in over 35 patents and our growing portfolio of award winning products for computer monitors, notebooks, and large flat panel displays and T.V.s Ergotron products enhance computing wellness, improve workplace productivity and create business process efficiencies, wherever and whenever they're used. Incorporating Ergotron's Constant Force lift and pivot motion technology, wall and desk mount arms, stands, mobile carts, pivots and vertical lifts require less effort to achieve more ergonomic motion, improving the user's experience when viewing any digital display for work or entertainment. For more information on Ergotron or our products, please visit Ergotron.com or call Ergotron sales at 800.888.8458.
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About Inc. 500|Inc. 5000 Conference
Each year, Inc. magazine and Inc.com celebrate the remarkable achievements of today's entrepreneurial superstars -- the privately held small businesses that drive our economy. The Inc. 500|Inc. 5000 Conference brings together members of the Inc. 5000 community--both a new class of Inc. 5000 honorees and the list's alumni--for three days of powerful networking, inspired learning, and momentous celebration. For the first time ever, this powerful networking event is open to all. Please join us September 18-20, 2008 at the Gaylord National Resort and Convention Center in Washington, D.C. For more information or to register, visit http://www.Inc500Conference.com or call us at 877-211-0489.