LightEdge Solutions Ranks Among 5,000 Fastest Growing Private Companies by Inc.
The announcement marks the second consecutive Inc. 5,000 ranking for the Hosted Services Provider
NEW YORK, August 20, 2008 – For the second consecutive year, Inc. has ranked LightEdge Solutions, a leading-edge provider of hosted business-grade IT and communications services, on its annual ranking of the 5,000 fastest-growing private companies in the country. Compared to other sectors, Business IT Services ranked as the strongest in the 2008 list with 579 of the 5,000 on the list belonging to this high-growth group. The list is the most comprehensive look at the most important segment of the economy – America’s independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy.
“Our second annual Inc. 5000 continues the most ambitious project in business journalism,” said Inc. 5000 Project Manager Jim Melloan. “The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth.”
LightEdge Solutions, a provider of hosted IT and communications services for small and medium-sized business, is currently involved in several high-growth opportunities that its new owner, Anschutz Investment Company, is banking on to push the company to national prominence. The company’s offerings include business-grade hosted PBX and converged access Voice-over-IP telephone services, hosted communication and collaboration applications (Microsoft Exchange, Communicator, SharePoint), hosted server/storage solutions, business continuity and premise-based consulting services. While the trend for hosted IT services is expected to continue, some experts believe that the present economy will expedite adoption as businesses are looking to reduce large capital spending.
“We consider 2008 to be the start of even bigger things,” said Jim Masterson, chairman and CEO of LightEdge Solutions. “We believe that the concept of hosted technology will become a very disruptive force in the next few years and that it will ultimately allow entrepreneurs the focus and freedom to explore business ventures without the need for expensive IT hardware and the care and feeding that goes along with it.”
The 5,000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc5000.com.
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, for profit, independent – not subsidiaries or divisions of other companies – as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
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Each year, Inc. magazine and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars — the privately held small businesses that drive our economy. The Inc. 500|Inc. 5000 Conference brings together members of the Inc. 5000 community—both a new class of Inc. 5000 honorees and the list’s alumni—for three days of powerful networking, inspired learning, and momentous celebration. For the first time ever, this powerful networking event is open to all. Please join us September 18-20, 2008 at the Gaylord National Resort and Convention Center in Washington, D.C. For more information or to register, visit www.Inc500Conference.com or call us at 877-211-0489.
About LightEdge Solutions
LightEdge Solutions empowers small and medium-sized businesses to reach their potential with hosted voice and IT solutions for operational simplicity and reliability. By “out-tasking” these core business services, business owners are able to realign IT spending, better focus strategic IT efforts and more quickly scale for growth. LightEdge operates a Cisco Powered network distributed over multiple private data centers throughout the Midwest. For more information, visit www.lightedge.com.
LightEdge Solutions®, the LightEdge Solutions logo and Scale-on-Demand™ are trademarks, registered trademarks, or service marks of LightEdge Solutions, Inc.
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- Director of Marketing
- LightEdge Solutions
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