Elmhurst, IL (PRWEB) August 21, 2009
Inc. magazine announced its annual rankings of the 5000 fastest-growing private companies in the country, ranking Ambir Technology 1,648. This is the third year in a row Ambir has appeared on the list.
Ambir Technology ranked No. 15 in the Top 100 Computer Hardware Companies nationwide. This rank represents a jump of 12 positions over last year's listing. Ambir also ranked No. 66 in the Top 100 Businesses in Chicago-Naperville-Joliet, Illinois, Indiana and Wisconsin.
According to Inc., this list is the most comprehensive look at the most important segment of the economy - America's independent-minded entrepreneurs.
Founder Mike O'Leary attributes the company's growth to the increasing need for the electronic capture and storage of document and ID data.
"Enterprises have a constant need to increase efficiency and reduce costs, and implementing scanner technology is an easy and cost-effective way to do that," said O'Leary. "Reducing photocopying and the flow of physical paper reduces the costs of moving, storing and accessing files. It also increases data security and helps staff be more efficient and focus more on the customer."
In a time of economic uncertainly, O'Leary commented that he is especially pleased to have been able to sustain his company's growth and provide stability for his employees and reliability for Ambir's customers.
The 2009 Inc. 5000 serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 are responsible for creating more than 1 million jobs since their founding, making the list perhaps the best example of the impact private, fast-growing companies can have on the economy. 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 on Inc.com.
The Inc. 5000 is ranked according to percentage 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 have to be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2008. Revenue in 2005 must have been at least $200,000, and revenue in 2008 must have been at least $2 million. The top 10 percent of companies on the list comprise the Inc. 500, now in its 28th year.
About Inc. Magazine:
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (http://www.inc.com) 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. Visit us online at Inc.com.
About Ambir Technology:
Founded in 2001, Ambir Technology, Inc. has proved to be the industry leader in digital capture products. We provide hardware and software solutions for ID card and document management in business processes. Our products provide quick digital scan and capture of text and images from documents, IDs, photos and all other printed materials. Ambir solutions are specifically designed to maximize workflow, increase productivity and improve data security to save time and reduce costs.
Ambir Technology and all other trademarks are trademarks and/or registered trademarks of their respective companies.