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News - Inc. Magazine Reveals America’s 500 Fastest-Growing
Private Companies
Wed, October 19, 2005 Atlanta GA

 

Logic Trends, Inc. Ranks No. 74 on the 2005 Inc. 500

With Three-Year Sales Growth of 1049% ~

2nd Straight Year to Be Honored By the Inc. 500
 

 

NEW YORK, N.Y., and Atlanta, GA. October 19, 2005 – Inc. magazine today released its 24th annual Inc. 500 ranking of the fastest-growing private companies in the country. Logic Trends, Inc., a recognized leader in the area of IT Security with strategic focus on Identity and Access Management, ranks No. 74 on the list, with three-year sales growth of 1049%. The Inc. 500 can be found in the November issue, which appears on newsstands November 1.

 

The companies that made this list represent the vanguard of American industry, posting an average three-year sales growth of 769%. Inc. 500 companies posted aggregate 2004 revenue of $15.9 billion, and 84% of them were profitable. Most importantly, Inc. 500 companies were engines of job growth, having created more than 95,000 jobs since the companies were founded.

 

The Inc. 500 list generated 25,180 new jobs in the past year alone, a stunning 35% year-over-year increase. Compare this with the total number of employees among Fortune 500 companies, which declined in 2001, 2002, and 2003 before experiencing a 1.3% uptick of 306,045 jobs in 2004. 

 

“When you look at the amazing job growth among Inc. 500 companies and contrast it with the stagnation in the Fortune 500, it underscores the changing nature of our economy,” said Jim Melloan, project manager for the Inc. 500. “With unprecedented global competition, companies have to be able to turn on a dime and discover innovative new ways of doing business. Increasingly, it’s the smaller, agile companies like those on the Inc. 500 that are best equipped to meet these challenges.”

 

“It is quite an honor to be recognized by the Inc. 500 for the second straight year” stated Ken Stone, Managing Partner for Logic Trends.  “As we continue to expand our practice and expertise across the US, we maintain a commitment of excellence to our customers, partners, and employees that have helped us achieve this milestone. Once again, we are proud to be included in this entrepreneurial group of the 500 fastest growing businesses in the country.”

 

The Inc. 500 ranks privately held companies according to year-over-year sales growth from 2001 to 2004. With approximately 75% of all new job creation in the U.S. coming from entrepreneurial businesses, the Inc. 500 opens a window onto the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, The Princeton Review, Morningstar, Jamba Juice, Gateway, E*Trade, Intuit, and Domino’s Pizza all appearing on the list before they became industry powerhouses.

 

 

Methodology

 

To be eligible for this year’s Inc. 500, companies had to be U.S.-based, independent and privately held through their fiscal year 2004, and have had at least $500,000 in net sales in the base year of 2001. In addition, their 2004 sales had to exceed 2003 sales. Companies are ranked on cumulative three-year sales growth from 2001 to 2004. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.

 

 

About Logic Trends

Based in Atlanta, Georgia, with offices in Dallas, TX, Tampa, FL and Cleveland, OH, Logic Trends is a recognized leader in the area of Enterprise Architecture, with strategic focus on integrated solutions including Security, Identity/Access Management, SSO, Portal, and Application Development. Logic Trends has been named to the Inc. 500 List of Fastest Growing Private Companies in the United States for the 2nd straight year. Logic Trends currently services National and Global Corporations across multiple vertical lines including retail, transportation, telecommunications, healthcare, financial services, insurance, energy, and product development companies. www.logictrends.com

Inc., the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today’s innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Inc. is also the only publication that focuses on small to medium-size businesses, responsible for more than half the nation’s gross domestic product and 70% of its new jobs. And Inc. looks beyond work to address the entrepreneurial lifestyle. Inc., a Mansueto Ventures LLC publication, inspires and informs, with cutting-edge coverage that reflects our readers’ energy, brashness, and imagination.



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