Troy, NY (PRWEB) September 01, 2011
Inc. magazine today ranked CornerStone Telephone Company as the thirteenth fastest growing telecommunications company in New York State and the 119th largest in the United States on its fifth annual Inc. 5000 list. The Inc. 5000 list is 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. Clif Bar, Patagonia, Timberland, Jamba Juice and Under Armour, are among the prominent brands featured on this year’s list.
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
CornerStone was ranked NO. 3921 overall.
“We are honored to be included on the INC 5000 list for the fourth year in a row,” said Dan Yamin, CEO of CornerStone Telephone Company. “In the past six months, we have made acquisitions to continue to grow our company, and provide our loyal customer base with additional solutions to enhance and better run their businesses. We anticipate further growth into 2012.”
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 http://www.inc.com/5000.
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. 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, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/500.
About CornerStone Telephone Company
CornerStone Telephone Company is an advanced communications solutions provider, specializing in services for business and enterprise customers. CornerStone has over 50,000 access lines, providing local and long distance telephone service, high-speed Internet access, VoIP, security services, cloud computing and business telephone systems. The company services customers in New York, Massachusetts and Pennsylvania.
Established in 2001, CornerStone has over 120 employees, and serves over 13,000 voice and data customers and 4,000 hosted customers. The company is headquartered in Troy, N.Y., with offices in Syracuse, Oneonta, New York City, Poughkeepsie and Richmond, Massachusetts. Voted one of the fastest growing mid-size companies in the Capital Region, CornerStone has also been named one of the Best Places to Work in the Capital Region in 2007, 2008 and 2010. CornerStone has also been honored by Inc. 5000 as a fastest growing private company since 2008. For more information, visit http://www.cstel.com.
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 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at http://www.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. community, both a new class of Inc. 500|5000 honorees and the list’s alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us September 22–24, 2011, at the Gaylord National Resort and Convention Center in National Harbor, Maryland, located minutes from downtown Washington, D.C. For more information about the 2011 Inc. 500|5000 Conference & Awards Ceremony and to register, visit http://www.inc500conference.com or call 866-901-3205.