Cedar Park, Texas (PRWEB) August 25, 2014
Inc. magazine today ranked Tolteq Group, LLC, (Tolteq), a leading provider of Measurement While Drilling (MWD) systems and components, NO. 2135 on its 33rd annual Inc. 500|5000, 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 entrepreneurs. Companies such as Yelp, Pandora, Timberland, Dell, Domino’s Pizza, LinkedIn, Zillow, and many other well-known names gained early exposure as members of the Inc. 500|5000.
This is the third year that Tolteq has appeared on the list. “Too many businesses take the short term approach, prioritizing quarterly revenue over everything else. Our focus has always been on providing world-class products and service,” said Company President and Founder Paul Deere. “We are immensely proud to make the list for the third year as it validates for us that we are on the right path in our strategic growth and performance. We believe that innovation, continuous improvement, and a fervent customer focus will always outlive the temporary dips in the market.”
The 2014 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc., is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year growth of 516%. The Inc. 5000’s aggregate revenue is $211 billion, generating 505,000 jobs over the past three years. 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 at http://www.inc.com/inc5000.
"What surprises me, even though I know it’s coming, is the sheer variety of the paths our entrepreneurs take to success, thematically reflecting how our economy has evolved,” says Inc. President and Editor-In-Chief Eric Schurenberg. “This year there are far more social media and far fewer computer hardware businesses than there were, say, six years ago. But what doesn’t change is the fearsome creativity unleashed by American entrepreneurship.”
The annual Inc. 5000 event honoring all the companies on the list will be held from October 15 through 17, 2014 in Phoenix. Speakers include some of the greatest entrepreneurs of this and past generations, such as Michael Dell, Martha Stewart, Container Store Founder and CEO Kip Tindell, and Chobani Founder and CEO Hamdi Ulukaya.
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. For more information, visit Tolteq.com.
Tolteq – transforming downhole data into downhole intelligence.
About Inc. and the Inc. 500|5000
The 2014 Inc. 5000 is ranked according to percentage revenue growth when comparing 2010 to 2013. To qualify, companies must have been founded and generating revenue by March 31, 2010. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2013. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2010 is $100,000; the minimum for 2013 is $2 million.
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.