Network Hardware Resale Honored Again by Inc. Magazine as one of 5,000 Fastest-Growing Private Companies in the U.S.
World’s Leading Provider of Pre-Owned Networking Equipment
Ranked No. 66 in List of Computer/Electronics Companies
Santa Barbara, Calif., August 25, 2008 – Network Hardware Resale (NHR), the leading provider of pre-owned and new networking equipment, today announced that the company has for the second year in a row been honored by Inc. Magazine on its annual ranking of the 5,000 fastest-growing private companies in the country. The Inc. 5000 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.”
NHR was ranked No. 66 on the list of privately owned organizations involved in computers and electronics and No. 2,927 on the overall list. The world leader in providing pre-owned networking equipment, NHR has continued to expand its presence globally with sales and technical support from its California, New York City metro, Dallas, Amsterdam, London and Singapore locations.
“NHR is proud once again to be recognized by Inc. Magazine as one of the fastest growing organizations in the country,” said Mike Sheldon, president and CEO of NHR. “Our ability to sustain fast-track growth is guided by an unwavering focus on meeting the ever-increasing networking equipment needs of our customers worldwide while also delivering the highest levels of technical service and support.”
Founded in 1986, the company has served more than 10,000 organizations worldwide, including Global 1000 companies, small and mid-sized enterprises, government entities, educational institutions, healthcare organizations and telecommunications service providers, with expedited delivery of fully tested, pre-owned network routers, switches, access servers and IP telephony equipment from leading manufacturers, including Cisco, Juniper, Foundry and Extreme.
The 5,000 companies that made the Inc. 5000 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.
Hottest Regions for Fastest-Growing Companies
The New York metro area tops the Inc. 5000 list with the most companies of any city with 355. Washington, D.C. comes in a close second with 300 companies on the list; Los Angeles comes in third with 244 companies, and Atlanta (194 companies) and Chicago (189 companies) round out the top five. Interestingly, only 62 companies on the Inc. 5000 are not based in metropolitan areas.
Grand Rapids, Mich. leads the list with the highest median revenue of any metro area ($26.2 million, 16 companies), followed by San Antonio, Texas ($21.3 million, 25 companies), Baton Rouge, La. ($18.8 million, 14 companies), Houston ($17.1 million, 97 companies), and Kansas City, Mo.-Kan. ($16.5 million, 39 companies).
Hottest Industries for Fastest-Growing Businesses
The most notable median growth categories among the Inc. 5000 fastest-growing businesses are in the Energy category (which grew by 298%), followed by Government Services (which grew by 220 percent), Security (200 percent growth), IT Services and Software (both grew by 187percent) and Consulting (which grew by 182 percent on average).
The largest business category is IT Services, with 579 Inc. 5000 companies. Business Services (532 companies), Construction (459), Manufacturing (405), and Advertising & Marketing (361) complete the top five industries ranked on the 2008 Inc. 5000.
Industries reporting the highest median revenue are Travel ($38.8 million), Financial Services ($16.3 million), Logistics ($15.4 million) Government Services ($14.2 million), and Energy ($14.2 million).
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.Companies can apply for next year’s Inc. 5000 by registering with “IncBizNet, Business Network for Private Companies”, at www.incbiznet.com.
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About Inc. 500|Inc. 5000 Conference 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.