Metrofuser Named to INC Magazine Americas Fastest Growing Private Companies1 Oct, 2008
Metrofuser Named to INC Magazine Americas Fastest Growing Private Companies
New York, NY (September 2008) – Inc. ranked Metrofuser on its annual ranking of the 500 fastest-growing private companies in the country. The list 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.
Will DeMuth, CEO and Co-President at Metrofuser stated, "We accept this with great pride and humility. We see this as the beginning of continued consistent growth for Metrofuser." Metrofuser's standings include:
- Ranked No 470 in the Top 5000 privately Owned Companies Nation wide
- Ranked No. 14 in the Top 100 Computers & Electronics Companies Nation wide
- Ranked No. 30 in the Top 100 Businesses in New York-Northern New Jersey-Long Island, NY-NJ-PA
“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.”
Metrofuser re-manufactures and distributes HP-Lexmark Printer Parts. The company distributes OEM and NEXTGENN Brand parts nationwide and has built its reputation on pioneering “better-than-OEM” remanufactured printer parts.
Eric Katz, CFO and Co-President sees this accomplishment as a team effort, "This is an accomplishment that everyone who is a part of the Metrofuser team should be proud of. While it's a great honor to be on a list that has included the most innovative companies in the past few decades, this milestone is a testament to the hard work of our employees and the incredible opportunity that re-manufacturing is for both our customers and ourselves."
The 5000 companies that made the 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 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%), Security (200% growth), IT Services and Software (both grew by 187%), and Consulting (which grew by 182% 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.
Metrofuser will hold a special technology day on October 20th. The company's management and members of its local sales and engineering teams will be on-hand to provide its customers, partners, and the interested public with tours, key technology updates, demonstrations and discussions. To register for this event, visit http://www.metrofuser.com/newsroom/2008/reg.htm