RagingWire Enterprise Solutions, Inc. (RES), a leading IT outsourcing provider of infrastructure, software as a service, and on-demand solutions, today announced it has been named to the Inc. 500 list of the fastest-growing private companies in the United States. In its first year of eligibility, RES ranks No. 216 in the list with 525 percent year-over-year sales growth over the past three years.
“Being named to the prestigious Inc. 500 is a tremendous honor and a tribute to the relentless dedication and support of RagingWire’s clients, employees, and business partners,” said John Hoffman, RES’ CEO. “They have all contributed to our continued success in the IT outsourcing industry. This recognition is a reflection of their hard work, and a result of understanding our clients’ business needs and delivering flexible, cost effective solutions that are supported by world-class customer service.”
Companies that made this year’s list represent the vanguard of American industry, posting aggregate 2004 revenue of $15.9 billion. Eighty-four percent of them were profitable, including RES. Most importantly, Inc. 500 companies were engines of job growth, having generated 25,180 new jobs in the past year alone. With approximately 75 percent of all new job creation in the U.S. coming from entrepreneurial businesses, the Inc. 500 opens a window onto the companies and industries that are driving the economy forward.
“When you look at the amazing job growth among Inc. 500 companies, it underscores the changing nature of our economy,” said Jim Melloan, project manager for the Inc. 500. “With unprecedented global competition, companies have to be able to turn on a dime and discover innovative new ways of doing business. Increasingly, it’s the smaller, agile companies like those on the Inc. 500 that are best equipped to meet these challenges.”
The Inc. 500 ranks U.S.-based, independent and privately held companies according to year-over-year growth from 2001-2004. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials. Former Inc. 500 companies that have gone on to become household names include Microsoft, Oracle, and Domino’s Pizza.
RagingWire Enterprise Solutions (RES) provides highly custom and flexible IT solutions that accommodate the business needs of large, data-intensive enterprise companies. RES operates a reliable and secure Enterprise Data CenterSM facility engineered to provide "five nines" (99.999%) availability and highly scalable power and cooling in conjunction with managed IT solutions that maintain Fortune 1000 and Fortune 500 companies mission-critical back-office IT systems. RES enables its clients to reduce their operating costs, speed time to market, and focus on their core competencies. For more information about RES, access www.ragingwire.com.