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Logic Trends Ranks #53 on the 2004 Inc 500 |
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New
York, and Atlanta, Ga. (October 20, 2004) – Inc.
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Magazine,
the premier publication for small and medium-sized
businesses, today released its 23rd annual Inc.
500 ranking of the fastest-growing private companies
in the country. Logic Trends, Inc., a leading
software consulting firm in the business of
helping IT organizations operate productively
and profitably through a full spectrum of project
based implementation products and services,
ranks #53 on the list, with four/five year average
annual sales growth of 475% with total growth
of 1900%. The Inc. 500 Special Issue will appear
on newsstands October 26 and will be on display
until December 21, 2004. |
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The
companies that made this list have thrived despite continued
stagnation in the economy, posting an average year-over-year
sales growth of 265%. Inc. 500 companies posted aggregate
2003 revenue of $12.6 billion, and 82% of them were
profitable. And while the United States shed 410,000
jobs in 2003, Inc. 500 companies provided employment
for more than 70,000 people.
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Further
demonstrating the resilience of this year’s Inc.
500 crop is the fact that 102 of this year’s honorees
started in 1999—meaning that they weathered the
start-up costs of the overcapitalized boom and thrived
during the impending bust that was one of the toughest
periods for young companies in recent memory.
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“The
best thing you can say about this year’s crop
of Inc. 500 entrepreneurs is that they didn’t
buy into the hype,” said Inc. editor-in-chief
John Koten. “When people were practically giving
away funding in the late 1990s, these companies didn’t
overextend, and when everyone hit the panic button a
few years later, they stayed calm and seized opportunity.”
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“It
is quite an honor to be included in this entrepreneurial
group of the 500 fastest growing businesses in the country,”
stated Ken Stone, Managing Partner for Logic Trends.
“This is a great achievement for our organization
in a marketplace that has experienced a reduction in
IT spending coupled with greater competition. The recognition
we have received is a testament to our employee’s
abilities and desires to meet and exceed the needs of
our customers on a daily basis.”
To be eligible for this year's Inc. 500, companies had
to be independent and privately held through their fiscal
year 2003, have had at least $200,000 in net sales in
the base year of 1999 for Inc. 500 alumni and 2000 for
new applicants, and $2 million in net sales for 2003.
In addition, their 2003 sales had to exceed 2002 sales.
Companies are ranked on averaged year-over-year sales
growth. 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:
Logic Trends is a leading software consulting firm helping
IT organizations operate productively and profitably
through a full spectrum of project based implementation
products and services. The company is a recognized leader
in the area of Enterprise Architecture, with strategic
focus on integrated solutions including Security, Identity
Management, SSO, Portal, and Application Development.
Logic Trends current.
services National and Global Corporations across multiple
vertical lines including retail, transportation, telecommunications,
healthcare, financial services, insurance, energy, and
product development companies. Logic Trends is headquartered
in Atlanta, GA, with offices in Dallas, TX, Cleveland,
OH, and Tampa, FL. For more information,
visit http://www.logictrends.com
, or call (770) 551-5050 or
(866) 232-3053. |
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