Boston, MA, August 28, 2011 --(PR.com
)-- Performance Architects, Inc. (www.performancearchitects.com), a business and technology consulting company that helps organizations initiate and sustain major improvements in enterprise performance, announced today that the company ranked number 991 on Inc. magazine’s Inc. 500|5000 ranking of the nation's fastest-growing private companies. Performance Architects also achieved number 70 in the U.S. Inc. 500|5000 “Business Products and Services” category and number 21 in the greater Boston area (their headquarters location) out of all companies and categories.
The list represents the most comprehensive look at the most important segment of the economy - America’s independent entrepreneurs. Performance Architects joins Spirit Airlines, television maker Vizio, Honest Tea, Dunkin’ Brands, and Metrokane, makers of the Rabbit corkscrew, among other prominent brands featured on this year’s list.
In a stagnant economic environment, the median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94%. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366B, up 14% from last year.
“We are delighted to be included in the list of the top 1,000 fastest growing independent, entrepreneurial companies in the U.S.,” said Mark Solimini, a Principal at Performance Architects. “This achievement demonstrates the Performance Architects’ team’s dedication to our customers’ and partners’ success during one of the most difficult economic climates on record. We thank the greater Performance Architects community for their hard work and support in helping us to earn this award.”
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. 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, 2010 (since then, a number of companies on the list have gone public or been acquired). The minimum revenue required for 2007 is $100K; the minimum for 2010 is $2M. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
About Performance Architects
Performance Architects, Inc. is a business and technology consulting company that partners with our clients to initiate and sustain significant improvements in enterprise performance. We offer business consulting to help establish and enhance performance management processes either across your organization or within specific functions; technology consulting to make sure that the appropriate data and information are available to make the best decisions to improve performance; and industry expertise to provide the context for what your organization should do to lead within your segment. More information about Performance Architects is available at: http://www.performancearchitects.com/.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.