VIP Ranked #582 on Inc. 5000 Fastest Growing Companies List
Folsom, CA – September 1, 2008 –Visionary Integration Professionals, LLC (VIP), a global technology and outsourcing firm, is pleased to be ranked No. 582 on Inc Magazine’s list of 5000 Fastest Growing Private Companies in America. In a sub-list of the 100 fastest-growing IT service firms, VIP was ranked No. 83, and is the largest IT services company on the list by revenue size.
This is the second year in a row VIP has made it on to the Inc 5000 list, coming in last year at No. 899 with 390.3% growth. According to Inc.com, less than half of the companies on this year’s list are repeaters from last year. Because the rankings reflect the percentage of growth rather than overall expansion, growing from $1 million to $10 million is the same percentage as growing from $10 million to $100 million in size. This makes it more difficult to make the list in subsequent years. This year’s ranking reflects VIP’s 2007 revenue of $113.1 million and spectacular 556.3% growth since 2004, when the company’s revenue was $17.2 million.
Jonna Ward, President and Chief Executive of VIP, attributes the company’s success to its ability to provide enterprise-level service and expertise with a personal touch, and at a lower cost than its “Big 5” competitors. "We're very proud to be one of the fastest growing companies in the country, and honored to be included on the list again this year," said Ward. Inc.com also highlighted the fact that 82% of VIP’s revenue comes from repeat business for the company’s impressive growth.
The Inc 5000, which represents over $185 billion and 334% growth, expands on the Inc 500, which was first introduced in 1982. This year’s Inc. 5000 is ranked according to percentage of revenue growth from 2004 through 2007. To qualify, companies had to have been founded and generating revenue by the first week of 2004, be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2007.
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About VIP
Established in 1996, Visionary Integration Professionals (VIP) is a global technology and outsourcing firm that has provided solutions to over 900 clients in multiple industries as well as federal, state and local government. VIP helps companies challenge boundaries and uncover new possibilities to increase productivity, maximize revenue, improve performance, mitigate risk, and reduce costs. With nearly 1,000 staff companywide, VIP offers expertise in areas of Business Intelligence and Data Warehousing, SAP Integration and Consulting, Technology Integration and Operations, Talent and Learning Management, Quality Management, and Management Consulting. VIP’s corporate headquarters is located in Folsom, California with offices in Sacramento, Minneapolis, Dallas, Denver, New York City, Alexandria, Houston, and Bangalore, India. More information can be found at www.vipconsulting.com.
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