Inc. magazine has ranked Visix no. 2749 on its fourth annual Inc. 5000 with three-year sales growth of 82.6%. The list is an exclusive ranking of the nation's fastest-growing private companies and it represents the most comprehensive look at the most important segment of the economy – America’s independent-minded entrepreneurs. This is the company’s fourth consecutive year appearing on the list. Visix is ranked 174 out of 272 in the software industry category.
“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”
“Despite all of the negative attention devoted to what is wrong with the macro-economy, we happen to be in a market that has maintained measurable levels of stability and growth,” says Sean Matthews, President of Visix. “Making the list once is a notable accomplishment, but to demonstrate double and triple-digit growth year after year is a testament to our offering, execution, employees, partners and clients. Furthermore, our financial performance in the first half of 2010 sets the stage for a return to double-digit growth within the calendar year.”
Visix doubled the size of its headquarters in 2010 to support a growing install base. The new location will accommodate an additional 25 onsite employees to be hired over the next 24 months. The company will release its first fully localizable digital signage application for international deployments later this year.
The 2010 Inc. 5000, unveiled today on Inc.com, serves as a unique illustration of the profound changes taking place in the U.S. economy. Despite the fact that most of this year’s measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year’s 126 percent. This year’s Inc. 5000 employ a record 1.4 million people, up from one million on last year’s list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.
The 2010 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2006 to 2009. To qualify, companies must have been founded and generating revenue by June 30, 2006. Additionally, they had to be based in the United States, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2009. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2006 is $80,000; the minimum for 2009 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. The top 10 percent of companies on the list constitute the Inc. 500, now in its 29th year.