Beachwood, OH, Aug. 22, 2012 (GLOBE NEWSWIRE) -- Inc. magazine has ranked Fidelity Voice and Data No. 2848 on their list of America's fastest-growing private companies - the Inc. 500|5000. The list represents the most comprehensive look at the most important segment of the economy--America's independent entrepreneurs. Fidelity Voice and Data joins Yelp, Chobani, Publix Supermarket, Facebook, and other prominent brands on this year's list. View the full list of Inc. 500|5000 winners here.
"This is a great achievement," said CEO Robert Marks. "We're very proud to have earned this award by continuing to thrive through very tough economic conditions over the past three years."
In a stagnant economic environment, median growth rate of 2012 Inc. 500|5000 companies remains an impressive 97 percent. The companies on this year's list report having created over 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion.
"Now, more than ever, we depend on Inc. 500|5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. Editor Eric Schurenberg.
Methodology
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today.
About Fidelity Voice and Data
Fidelity Voice and Data is a cutting edge leader in telecommunications services. For over a decade, Fidelity has delivered managed data, cloud computing, and Internet and voice networking solutions to businesses and large organizations throughout the US. Fidelity excels in providing ultra-flexible, reliable, and secure solutions, along with superior personal service, to take customers to the next level.