Tolteq Ranks No. 311 on the 2013 Inc. 500 | 5000 with Three-Year Sales Growth of 1,385 percent
Cedar Park, Texas (PRWEB) September 03, 2013 -- For the second year in a row, Inc. magazine has ranked Tolteq, a leading provider of Measurement While Drilling (MWD) systems and components, to its annual Inc. 500 | 5000, an exclusive ranking of the nation's fastest-growing private companies. Tolteq has experienced 1,385 percent growth from 2009 to 2012 and added 39 new team members, placing the company at No. 311 on the prestigious list. The Inc. 500 | 5000 represents the most comprehensive look at the most important segment of the economy – America’s independent entrepreneurs. Tolteq’s unique approach to engineering MWD systems and components has transformed downhole data into downhole intelligence, elevating its reputation from a regional provider to a global enterprise.
“Each year Tolteq continues to make strides as a premier provider of MWD systems and components. To receive recognition, on the Inc. 500 | 5000, for the second year in a row is a honor and we look forward to continued growth in our industry by constantly innovating and introducing newly engineered solutions to the MWD market,” stated Paul Deere, President and Founder of Tolteq.
The 2013 Inc. 500 | 5000, unveiled in the September issue of Inc. (available on newsstands August 20 to November 20 and on Inc.com), is the most competitive crop in the list’s history. To make the cut, companies had to have achieved a staggering minimum of 918.59 percent in sales growth. The Inc. 500’s aggregate revenue is $14.1 billion, with a median three-year growth of 1739 percent. The companies on this year's Inc. 500 employ more than 52,100 people and, in the past three years, have generated over 44,912 jobs. Complete results of the Inc. 500 | 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/500.
"Not all the companies in the Inc. 500 | 5000 are in glamorous industries, but in their fields, they are as famous as household name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy,” says Inc. magazine Editor Eric Schurenberg.
Methodology
The 2013 Inc. 500 | 5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2012. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2009 is $100,000; the minimum for 2012 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 | 5000 are featured in Inc.’s September issue. They represent the top tier of the Inc. 500 | 5000, which can be found at http://www.inc.com/500.
About Tolteq
Tolteq Group, LLC, (Tolteq) is a leading provider of Measurement While Drilling (MWD) systems and components. Tolteq’s innovative engineering transforms downhole data into downhole intelligence. We push the known boundaries to give our clients’ reliable data and reliable tools, because that means the difference between a successful job and one filled with interruptions. Tolteq’s goal is to minimize the clients’ non-productive time by providing innovative tools and software solutions that offer market-leading reliability and allow unprecedented access to downhole data.
Tolteq – transforming downhole data into downhole intelligence. http://www.tolteq.com
About Inc.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit 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 October 10–12, 2013, at the Gaylord National Resort & Convention Center in Washington, DC. For more information about the 2013 Inc. 500 Conference & Awards Ceremony and to register, visit http://www.inc500conference.com or call 866-901-3205.
Jessica Stenklyft, Hollinden | professional services marketing, http://www.hollinden.com, +1 (713) 520-5532, [email protected]
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