New York, NY (PRWEB) August 22, 2009
Inc. magazine today ranked Payscape Advisors NO. 161 on its 28th annual Inc. 500, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy--America's independent-minded entrepreneurs. Companies such as Microsoft, Zappos, Intuit, GoDaddy, Under Armour, Jamba Juice, American Apparel, Oracle, and hundreds of other powerhouses gained early exposure as members of the Inc. 500.
"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."
Payscape Advisors is a rapidly-growing merchant services provider based out of Atlanta, Georgia. Since being founded five years ago by Payscape's three principals, the company has grown to a sales force of over 80 Account Managers in Atlanta and across the southeast and east coast. Payscape Advisors' primary focus is to supply clients with a comprehensive collection of financial products to assist any type of business owner or merchant with their individual payment processing needs.
The 2009 Inc. 500, unveiled in the September issue of Inc. magazine (available on newsstands August 17 to November 15) and on Inc.com, reported aggregate revenue of $18.4 billion--up significantly from last year's $13.7 billion--and a median three-year growth rate of 880.5 percent. The companies on this year's list are also responsible for creating more than 55,000 jobs since their founding, making the Inc. 500 perhaps the best example of the impact private, fast-growing companies can have on the overall U.S. economy. The largest company on the list, flat-panel-TV maker Vizio, broke the $2 billion revenue mark. Complete results of the Inc. 500, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com.
Despite the ongoing recession, the 2009 Inc. 500 offers a glimpse of the future of the U.S. economy. In the health sector, which saw aggregate revenue of $1.1 billion and a 917 percent median growth rate, businesses are moving forward on cancer and stem-cell research, clinical trials, and medication management. More than 25 percent of companies in the energy sector ($2.5 billion aggregate revenue; 942 percent median growth rate) focus on solar and other alternative sources. Fewer than a third of retailers ($356 million aggregate revenue; 914 percent median growth rate) have even a single brick-and-mortar store. And the number of companies providing technical services to the various branches of the federal government continues to rise.
The Top 10 Inc. 500 Companies
Rank Company Location Industry Year Founded Three-Year Revenue Growth 2008 Revenue
No. 1 Northern Capital Insurance Miami Insurance 2003
19,812.2% $95 million
No. 2 National Retirement Partners San Juan Capistrano, California Financial Services 2003 13,416.4% $47.4 million
No. 3 Harley Stanfield Washington, D.C. Real Estate 2003 13,350.3% $38.4 million
No. 4 Perfect Fitness Mill Valley, California Consumer Products & Services 2002 12,749.3% $63.5 million
No. 5 IntegraClick Sarasota, Florida Advertising & Marketing 2002 12,654.4% $96.4 million
No. 6 Kiva Systems Woburn, Massachusetts Logistics & Transportation 2003 10,399% $21.4 million
No. 7 Freedom Health Tampa Insurance 2004 10,035.3% $182.8 million
No. 8 One Technologies Dallas Advertising & Marketing 2000 9,946.4% $50.7 million
No. 9 MediaTrust New York City Advertising & Marketing 2004 9,481.1% $38.3 million
No. 10 Criterion Systems Vienna, Virginia Government Services 2005 8,433.7% $20.3 million
The Hottest Regions for Fast-Growing Companies
Once again, California tops the Inc. 500 with the most companies of any state, 84, up six from last year. The Golden State is followed by Texas (45), Virginia (35), New York (35), and Florida (27).
The Washington, D.C., metropolitan area boasts 42 Inc. 500 companies, making it the top metro area for the seventh consecutive year (up three from last year). New York City and Los Angeles are close seconds with 36 each (up five and 10 from last year, respectively), followed by Chicago with 23 (down four from last year) and San Francisco with 20.
The Top 10 Inc. 500 Companies Ranked by Total Revenue
Overall Rank Company Location Industry 2008 Revenue
No. 134 Vizio Irvine, California Consumer Products & Services $2 billion
No. 192 Realty ONE Group Las Vegas Real Estate $1.1 billion
No. 18 MonaVie South Jordan, Utah Food & Beverage $854.9 million
No. 198 Stream Energy Dallas Energy $825.6 million
No. 341 U.S. Energy Services Plymouth, Minnesota Energy $439 million
No. 266 Carahsoft Technology Reston, Virginia Government Services $347.5 million
No. 210 FriendFinder Networks Boca Raton, Florida Media $331 million
No. 235 Diplomat Specialty Pharmacy Swartz Creek, Michigan Health $270.7 million
No. 441 UniTek USA Blue Bell, Pennsylvania Telecommunications $265.6 million
No. 50 Bridgepoint Education San Diego Education $218.3 million
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.
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 the Inc. 500|5000 Conference
Each year, Inc. and Inc.com celebrate the remarkable achievements of today's entrepreneurial superstars--the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony 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. Please join us September 23-25, 2009, at the Gaylord National Resort and Convention Center in National Harbor, Maryland. For more information about the 2009 Inc. 500|5000 Conference & Awards Ceremony, and to register, visit http://www.Inc5000event.com. Stay connected with Inc. Events by following @IncEvents on Twitter.