Being a five-time member of the Inc 5000 is proof of the quality and outstanding work our team does everyday.
NEW YORK (PRWEB) September 09, 2021
Inc. magazine today revealed that Altaworx is No. 3826 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. Altaworx boasts a growth rate of 84% and the #1 telecommunications company in Alabama. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
"Altaworx is proud of our agents, resellers, and employees' work to make Altaworx the fastest-growing telecommunications company in Alabama in 2021. Being a five-time member of the Inc 5000 is proof of the quality and outstanding work our team does every day," said Rickie Richey, Altaworx CEO
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 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. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.
“Our team has worked incredibly hard and adapted even during a pandemic. The flexibility and dedication of the Altaworx co-workers gives us a competitive advantage to tackle any challenge,” said Forrest Derr, Altaworx President
Altaworx, located in Fairhope, AL was founded in 2003 by Rickie Richey, with hopes of addressing the emerging demand for Voice Over Internet Protocol (VoIP) business telephone systems. His vision was to build a company that not only provided leading-edge technology, but truly focused on helping customers drive revenue, control expenses, increase their productivity and operate more efficiently. In 2011, Altaworx continued to focus on customer impact through emerging technologies, becoming an internet telephony service provider (ITSP). The company began selling Altaworx branded SIP trunking and Hosted PBX to business customers in the 22 state AT&T footprint. Today, the company operates its cloud-based solutions from three AT&T data centers located in Los Angeles, Dallas, and Atlanta. With a focus on empowering resellers to build equity value in their business, Altaworx continues to grow.
More about Inc. and the Inc. 5000
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000. Companies on the Inc. 5000 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/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com.