Inc. Magazine has announced its annual listing of the 5,000 fastest growing private companies in America. We’re pleased to announce that Element Fusion has made the list for our third consecutive year.
This year’s list tracks growth across the three year span from 2006-2009. During that period, Element Fusion saw an increase in revenue of 81%, landing us at #2,774 out of all private companies in the US and #24 out of the 34 Oklahoma-based companies that made the list.
As you can see, the period measured encompasses the great recession our economy has suffered recently. Inc. points out that finding growth in companies has proved itself more difficult this time around:
"It will probably comes as no surprise to savvy Inc. readers that it's not as easy to find growing companies as it was a couple years ago. In 2008, the second year of Inc.'s expanded list of 5,000 growing privately-held companies, there was much enthusiasm as firms across the country showed eagerness to be part of our list. The three-year growth rate of the company at the No. 5,000 rank doubled from 20 percent in 2007 to 40 percent in 2008. This year, the enthusiasm was still there, but very often, the growth was not. Our measuring period of 2006 through 2009 encompasses the recession, which economists say started in December of 2007 and lasted through the end of last year. Poignantly, many firms applied for this year's list even though their 2009 revenue was less than that of 2006.”
- from "Finding Growth in a Recession" by Jim Melloan
These sobering reflections on the state of our economy make us ever more grateful for the support you all have shown us which has resulted in our continued growth over this difficult time period. We truly are humbled and honored to have you as our customers and we look forward to continuing to serve you for years to come.
Posted on
Tue, August 24, 2010
by Tim Wall
filed under