America's 5,000 Fastest-Growing Private Companies Revealed
Mantis Technology Group Ranks No. 715 on the 2008 Inc. 5,000
With Three-Year Sales Growth of 479%
Kirkland WA, August 27th, 2008 - Inc. today ranked Mantis Technology Group, Inc. No. 715 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.
"Our second annual Inc. 5000 continues the most ambitious project in business journalism," said Inc. 5000 Project Manager Jim Melloan. "The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth."
"Mantis is pleased to be recognized by Inc. as one of the fastest growing private companies in America. We have always been focused on delivery to our clients and we are pleased to know that this focus has resulted in this tremendous honor for our company" said Doug Turner, chief executive officer at Mantis. In addition to being ranked No. 715 overall, Mantis was ranked No. 20 in the list of fastest growing companies in the Seattle-Tacoma-Bellevue metropolitan region. Based on the rankings, Mantis is also the No. 1 fastest growing IT Services company in the state of Washington.
The 5000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 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 can be found at www.inc5000.com.
Hottest Industries for Fastest-Growing Businesses
The most notable median growth categories among the Inc. 5000 fastest-growing businesses are in the Energy category (which grew by 298%), followed by Government Services (which grew by 220%), Security (200% growth), IT Services and Software (both grew by 187%), and Consulting (which grew by 182% on average).
The largest business category is IT Services, with 579 Inc. 5000 companies. Business Services (532 companies), Construction (459), Manufacturing (405), and Advertising & Marketing (361) complete the top five industries ranked on the 2008 Inc. 5000.
Industries reporting the highest median revenue are Travel ($38.8 million), Financial Services ($16.3 million), Logistics ($15.4 million) Government Services ($14.2 million), and Energy ($14.2 million).
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. 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, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
Companies can apply for next year's Inc. 5000 by registering with "IncBizNet, Business Network for Private Companies", at www.incbiznet.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.
About Inc. 500|Inc. 5000 Conference
Each year, Inc. magazine and Inc.com celebrate the remarkable achievements of today's entrepreneurial superstars - the privately held small businesses that drive our economy. The Inc. 500|Inc. 5000 Conference brings together members of the Inc. 5000 community-both a new class of Inc. 5000 honorees and the list's alumni-for three days of powerful networking, inspired learning, and momentous celebration. For the first time ever, this powerful networking event is open to all. Please join us September 18-20, 2008 at the Gaylord National Resort and Convention Center in Washington, D.C. For more information or to register, visit www.Inc500Conference.com or call us at 877-211-0489.
About Mantis Technology Group, Inc.
Founded in 2000, Mantis Technology Group, Inc. (www.mantis-tgi.com) is a software solution provider that assists its clients by helping reduce expenses and increase efficiency via practical software solutions and consulting services. Mantis delivers end to end project needs including project management, software architecture, analysis & design, development, testing, integration, deployment, and security consulting. Mantis also specializes in business intelligence including data management, dashboard design, data architecture and real-time reporting. With its Adaptive Development LifeCycle methodology based on the Agile and Scrum Project Management methods, Mantis has positioned itself to successfully deliver solutions within the business environment of its clients. The company's clients include AT&T Mobility (NYSE:T), Microsoft (Nasdaq:MSFT), Cutter & Buck, Federal Home Loan Bank of Seattle and SNAP-In Software Inc. Mantis is headquartered in Kirkland, WA, with offices in Cleveland OH and Denver CO.
For more information visit www.mantis-tgi.com
: Erika Gamba,