Leading Provider of the Pre-Owned Networking Gear is Ranked No. 2,200 on the 2007 Inc. 5,000 with Three-Year Sales Growth of 163%
Santa Barbara, Calif. ─ September 12, 2007 ─ Network Hardware Resale (NHR), the leading provider of pre-owned and new networking equipment, today announced that the company has earned a coveted position on the first-ever Inc. 5,000 list of the fastest-growing private companies in the country. The Inc. 5,000, an extension of Inc. Magazine’s annual Inc. 500 list, catches many businesses that are too big to grow at the pace required to make the Inc. 500, as well as a host of smaller firms. Taken as a whole, these companies represent the backbone of the U.S. economy.
“The Inc. 5,000 provides the most comprehensive look ever at the most important part of the economy–the entrepreneurial part,” said Inc. 5,000 project manager Jim Melloan. “The expansion of the list has allowed us to tell the stories of larger companies, older companies, and a wealth of companies in industries like manufacturing and construction that are underreported in the business media.”
NHR expedites the delivery of fully tested, pre-owned network routers, switches, access servers and IP telephony equipment from leading manufacturers, including Cisco, Extreme and Juniper. The company servers more than 10,000 customers worldwide with a full range of production network, disaster recovery, testing and sparing as well as asset recovery solutions.
NHR was ranked No. 2,200 on the 2007 Inc. 5,000 list with three-year sales growth of 163 percent. The company was also ranked No. 46 in the list of top companies in computers and electronics. “NHR is proud to be recognized for our entrepreneurial spirit, constant focus on business best practices and proven track record of stellar customer service and consistent revenue growth,” says Mike Sheldon, president and CEO of NHR. “We are extremely pleased to be included on this influential list of the fastest growing organizations in the country.”
The 2007 Inc. 5,000, as revealed online at www.inc.com, reported median revenue of $9.4 million and median three-year growth of 140 percent. Complete information on this year’s Inc. 5,000, can be found at www.inc.com/inc5000. The list features a profile for each company, almost all of them written as a result of Inc. interviews with management. The list is searchable according to numerous criteria, including industry, city, state, region and year founded.
Hottest Regions for Fastest-Growing Companies
Leading the list of the fastest-growing companies in the nation is the Midwest region with 1,046 of the fastest-growing companies, followed by the West with 884 companies. The Southeast comes in a close third, with 872 companies, followed by the Northeast with 782 companies, and the Mid-Atlantic region with 606 companies.
Hottest Industries for Fastest-Growing Businesses
The largest business category is Construction, with 561 of the fastest-growing companies in this category, followed by Manufacturing with 515 companies, IT services in third with 466 companies, Business Services with 377 companies and Advertising & Marketing with 349 companies round out the top five industries ranked on the 2007 Inc. 5,000.
Industries reporting the highest total revenue in 2006 are Construction ($27.1billion), Manufacturing ($18.6 billion), Health ($13.1 billion), Computers & Electronics ($12.7 billion), and Financial Services ($11.8 billion).
Methodology
The 2007 Inc. 5000 list measures revenue growth from 2003 through 2006. To qualify, companies had to be U.S.-based and privately held, independent–not subsidiaries or divisions of other companies–as of December 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006. Companies can apply for next year’s Inc. 500 and Inc. 5,000 by registering with IncBizNet, the new social network for private companies that will launch this fall on Inc.com.
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