MEDIA CONTACT: Megan Jones, CEO (phone 901.591.1600, email mjones@lokion.com)
America’s 5,000 Fastest-Growing Private Companies Revealed –
Inc. 5000 List Provides a Window to the American Economy
Lokion Makes Third Consecutive Appearance on the List –
Ranks No. 2412 in 2009 with
Three-Year Sales Growth of Over 125%
MEMPHIS, TN - August 12, 2009 – Inc. today ranked Lokion number 2412 (up more than 500 slots since last year) on its annual ranking of the 5,000 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.
Ranked on Inc.’s list for three years in a row, Lokion is an interactive agency specializing in providing small, flexible teams of experts to produce swift and solid results. From creating online user experience strategies to producing design interfaces, to developing and customizing software, Lokion focuses on serving clients with a mix of creativity, strategy, and technology. Our deliverables result in persuasive, targeted ecommerce solutions. More than just design and deployment, Lokion works closely with clients to maintain and enhance their online efforts with content strategy and management, ongoing usability testing, software development and maintenance, and continuous business strategy support.
The companies that made the Inc. 5000 reported aggregate revenue of $214 billion and a median growth rate of 126%. Most importantly, the 2009 Inc. 5000 companies were engines of job growth, having created more than a million 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 may be found at http://www.inc.com/inc5000/2009/index.html.
Hottest Regions for Fastest-Growing Companies
The top five regions remain unchanged from 2008. The New York metro area tops the list, followed by Washington, D.C., Los Angeles, Atlanta and Chicago.
Hottest Industries for Fastest-Growing Businesses
The largest business category is again IT Services, with 658 companies making the Inc. 5000 list. The construction and manufacturing industries, each with less than 400 firms, slipped from third and fourth last year to fourth and fifth this year.
But perhaps most striking is the number of government services firms on the list, which at 252 comprises more than 5% of the list overall and is an 87% increase over the past year. (It’s worth keeping in mind that all the growth in this sector came during the Bush administration — the effects of President Barack Obama’s policies won’t be seen until next year’s list.)
The health industry also saw a marked increase of 58% since last year. Many of these firms have been moving doctor and hospital data to a digital environment, thus improving the efficiency and costs of health care. Energy and government services retain the number one and two spots in revenue growth from last year.
Methodology
The 2009 Inc. 5000 list measures revenue growth from 2005 through 2008. 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, 2008, and have had at least $200,000 in revenue in 2005,and $2 million in 2008.
About Lokion
Lokion creates digital and brand experiences that help clients generate awareness, loyalty, and growth. From crafting comprehensive interactive marketing campaigns to building custom software, Lokion specializes in serving clients with results-oriented design, strategy, and technology. Clients include Viking Range, FedEx, Smith & Nephew, First Tennessee and more. Lokion has been included in Inc. Magazine’s Top 5000 Fastest Growing Companies three years in a row. For more information, please see www.lokion.com.
About Inc.com
Inc.com, the daily resource for entrepreneurs, delivers how-to guides, advice, tools, breaking news, and rich multi-media to help business owners and CEOs start, run, and grow their businesses. Inc.com offers dynamic marketing solutions to help advertisers effectively reach Inc.com’s audience of business leaders. Visit http://www.inc.com.
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