It's clearly a testimony to the commitment of our team and our information technology partners to providing the public sector market with the most valuable products along with excellent sales and service.
Reston, VA (PRWEB) August 20, 2009
Carahsoft Technology Corp., the trusted government IT solutions provider, today announced that it ranks in the top ten companies by revenue on the 2009 Inc. 500 list of the fastest-growing private companies in the U.S. The list provides a comprehensive look at the most important segment of the economy - America's independent-minded entrepreneurs.
"We are honored to be included on the Inc. 500 list for the second consecutive year," said Craig P. Abod, Carahsoft president. "It's clearly a testimony to the commitment of our team and our information technology partners to providing the public sector market with the most valuable products along with excellent sales and service."
Carahsoft's 2008 revenue of more than $347 million earned it the #6 ranking on Inc.'s Top Ten Companies by Revenue list, and its three-year growth rate of 854.2 percent placed Carahsoft at #266 on the 2009 Inc.500 list . This follows Carahsoft's debut on the 2008 Inc. 500 list at #16 based on its previous three-year sales growth rate of 6,551.3 percent.
The 2009 Inc. 500 measures revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. 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, 2008. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2005 is $200,000; the minimum for 2008 is $2 million.
"If you want to know which companies are going to change the world, look at the Inc. 500," said Inc. editor Jane Berentson. "These are the most dynamic, fast-growth companies in the nation, the ones finding innovative solutions to problems, creating smart systems, and inventing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine's tribute to American business ingenuity and ambition."
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. 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 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
Carahsoft Technology Corp. is the trusted Government IT solutions provider, combining technological expertise with a thorough understanding of the government procurement process to help federal, state and local government agencies select and implement the best solution at the best possible value. As a top-ranked GSA Schedule Contract holder, Carahsoft is the largest government partner and serves as the master government aggregator for many of its best-of-breed vendors. The company's dedicated Solutions Divisions support proactive sales, marketing and delivery of Symantec, Storage Solutions, VMware, Adobe, Open Source, HR, HP Software, Intelligence, and SAP.
Carahsoft is consistently recognized by its partners as a top revenue producer and is listed among the industry's fastest growing firms by VAR Business, CRN, Inc., Washington Technology, and the Washington Business Journal. In 2009, Carahsoft was ranked among the top ten companies by total revenue on the Inc.500 list of privately held companies, and received the VAR Business Top Revenue Generator Award. Visit us at http://www.carahsoft.com.
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