Inc. Magazine Unveils 29th Annual List of America’s Fastest-Growing Private Companies—the Inc. 500, 2010.
Inc. magazine yesterday ranked CallFire NO. 285 on its 29th annual Inc. 500, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. Companies such as Microsoft, Zappos, Intuit, GoDaddy, Zipcar, Clif Bar, American Apparel, Oracle, and many other well-known names gained early exposure as members of the Inc. 500.
CallFire came in as the #2 cloud computing service and #18 overall company in the Los Angeles region. Within the telecommunications industry, CallFire ranked #15 among companies like ClearAccess and Xirrus. Dinesh Ravishanker, CEO of CallFire, attributes the strong growth to “economic circumstances requiring SMBs to leverage cost & time saving technologies like CallFire.” He adds that “CallFire also released our Phone Tree product (a powerful inbound and oubound IVR utility) which has been adopted by thousands of businesses which drove 20-30% of our revenue growth in less than a year.”
The 2010 Inc. 500, unveiled in the September issue of Inc. magazine, is a group of companies that are smaller but much faster-growing than last year’s crop. Aggregate revenue is $11.3 billion—down from last year's $18.4 billion—but median three-year growth is 1,231 percent, substantially up from last year’s 880.5 percent. The companies on this year's list employ more than 45,000 people.
The Hottest Regions for Fast-Growing Companies California continues to rule the roost by number of companies on the Inc. 500, with 92, up from 84 last year and 78 in 2008. The Golden State is followed by Texas (52), Virginia (46), New York (36), and Florida (29). These five states place in the same order as last year, and each of them has more companies on the 500 than last year. They now account for more than half of the companies on the list. Ranking Methodology The 2010 Inc. 500 is ranked according to percentage revenue growth when comparing 2006 to 2009. To qualify, companies must have been founded and generating revenue by June 30, 2006. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2009. The minimum revenue required for 2006 is $80,000; the minimum for 2009 is $2 million. Meet our executives at the Inc. 500 Award Ceremony and Conference TJ Thinakaran, COO of CallFire, will be joined by Ravishanker when they visit Washington, DC. September 30th - October 2 for the Inc. 500 Award Ceremony and Conference. The event will bring together current Inc. 500|5000 honorees and alumni to recognize the achievements of fellow entrepreneurs and their contributions to the global economy.