Reston, VA (PRWEB) October 17, 2012
Carahsoft Technology Corp., the trusted government IT solutions provider, today announced that it has been recognized by Inc. magazine as one of the nation’s fastest growing, privately held companies for the fifth consecutive year. The 2012 Inc.500/5000 rankings are based on percentage of revenue growth when comparing 2008 to 2011. Honorees were recognized at the annual Inc.500/5000 conference held in Phoenix earlier this month.
With 2011 revenue of $1.07 billion, Carahsoft was the largest company in Virginia, Maryland and DC to be included on the list, and the largest in the Government Services category. Carahsoft was also one of only seven companies posting $1B+ dollars in revenue to be inducted into this year’s Honor Roll which recognizes companies who have appeared on the list for at least five years. Carahsoft’s growth rate of 207 percent was the highest of this elite group, placing Carahsoft at #1451 on the overall list. The median growth rate of companies included on the 2012 list is 97 percent.
“Carahsoft debuted on the Inc. 500 in our first year of eligibility and we are proud to continue earning this recognition year over year,” said Craig P. Abod, president of Carahsoft, which provides information technology solutions to the public sector market. “It is an honor we share with our team and our extensive ecosystem of customers, technology partners, resellers, and consultants who make our success possible.”
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” said Inc. editor Eric Schurenberg.
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.
Carahsoft Technology Corp. is the trusted Government IT solutions provider. As a top-ranked GSA Schedule Contract holder, Carahsoft serves as the master government aggregator for many of its best-of-breed vendors, supporting an extensive ecosystem of manufacturers, resellers, and consulting partners committed to helping government agencies select and implement the best solution at the best possible value.
The company’s dedicated Solutions Divisions proactively market, sell and deliver VMware, Symantec, EMC, Adobe, F5 Networks, Open Source, HP, SAP, and Innovative and Intelligence products and services, among others. Carahsoft is consistently recognized by its partners as a top revenue producer, and is listed annually among the industry's fastest growing firms by CRN, Inc., Washington Technology, Washington Business Journal, and SmartCEO. Visit us at http://www.carahsoft.com.