Photizo Group Listed Among America’s Fastest Growing, Privately-Held Companies22 Aug, 2012
Midway, KY - August 22, 2012 - Inc. magazine today ranked Photizo Group No. 918 on its sixth annual Inc. 5000, an exclusive ranking of the nation's fastest growing, privately-held companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Photizo joins Yelp, yogurt maker Chobani, Giftcards.com, KIND, famed hat-maker Tilly’s, and other prominent brands featured on this year’s list.
“The period 2008 to 2011 was one of the toughest business periods in history. To have survived this time is a great accomplishment, but to have thrived is incredible. This kind of achievement is not possible without teamwork, and our entire team is incredibly proud of this honor,” said Edward Crowley, CEO and Founder of Photizo.
"Photizo's achievement of being No. 918 on Inc.’s 5000 list of fastest growing companies is excellent and indicative of its unique position in the research and consulting industry. I am impressed with Photizo's combined management team and am confident that the company will climb the Inc. 5000 list next year and thereafter," said Ray Moncrief, president of Meritus Ventures.
In a stagnant economic environment, the median growth rate of 2012 Inc. 5000 companies remains an impressive 97 percent. The companies on this year’s list report having created more than 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion. "Now, more than ever, we depend on Inc.5000 companies to spur innovation, provide jobs, and drive the economy forward.
Growth companies, not large corporations, are where the action is,” said Inc. Editor Eric Schurenberg. Photizo was judged on revenue performance between 2008 and 2011, prior to the acquisition of Lyra Research, and based on actual organic growth.
To qualify for the list, a firm must be privately held, have generated at least $100,000 in revenue in 2008, and generated a minimum of $2 million in revenue in 2011.
Founded in 2006, Photizo has been for the imaging market, a principal source of business intelligence and research for the rapidly growing managed print services industry. With the acquisition of Lyra Research in January of 2012, Photizo Group united two market leaders to create the broadest, most comprehensive line of market intelligence and consulting services in the imaging industry to date.
About Photizo Group
A leading transformation firm, Photizo Group assists clients in transforming their businesses from product-centric to services-centric companies. We provide clients with innovative and practical market intelligence, consulting, and education services based upon our deep industry insight and objective analysis. Photizo is a trusted advisor and provides clients, as well as the entire imaging market, with visionary guidance to help
make successful business decisions. www.photizogroup.com.
Inc. 500/5000 Methodology
The 2012 Inc. 500/5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to more than 6,000,000 today. For more information, visit www.inc.com.