Inc. Magazine, the premier publication for small and medium-sized businesses, listed Adonix, Inc. in its 23rd annual Inc. 500 ranking of the fastest-growing private companies in the country. The companies that made this list have thrived through continued stagnation in the economy, posting an average five-year sales growth of 1,312%. With aggregate revenue of $14.4 billion, Inc. 500 companies are a formidable market force. And while the United States shed 1.5 million jobs in 2002,Inc. 500 companies – half of which were launched with less than $20,000 – provided employment for 67,973 people.
The Inc. 500 ranks privately held companies according to sales growth over the past five years. With 75% of all new job creation in the U.S. coming from small businesses, the Inc. 500 is a prescient indicator of the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Stonyfield Farms, Timberland, Oracle, Princeton Review, Morningstar, E* Trade, Intuit and Domino’s Pizza all appearing on the list before they became industry powerhouses.
The top metropolitan areas on the Inc. 500 are Washington, D.C. (41 companies), followed by Boston (23), Philadelphia (21), Dallas (19) and Chicago (14). New York City, with only 12, is down from 37 a year ago. Arizona has (8) companies that made the list.
Adonix ranked 456 on the list with a five-year sales growth of 360%.
“The entrepreneurs you’ll find on the Inc. 500 have the type of attitude we need to get this economy moving again,” said Inc. . editor-in-chief John Koten. “For them, a tough market is not an excuse for poor performance, but an opportunity to innovate and rise above the competition.”
To be eligible for this year’s Inc. 500 , companies had to be independent and privately held through their fiscal year 2002, have had at least $200,000 in sales in the base year of 1998, and their 2002 sales had to exceed 2001 sales. Inc. verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials.
About Adonix, Inc. (now Brittenford Systems)
Adonix products and services help companies accelerate business decisions. The company’s deep understanding of accounting systems, budgeting and forecasting, business intelligence, and customer relationship management software and related services has made it the solution provider of choice for government contractors, associations, and high-tech firms. Located in the heart of Washington DC’s high-tech corridor, Adonix is a leading supplier of Microsoft, Applix, and Best software. Adonix can be reached at www.adonix-inc.com or 703.860.6945.
©2003 Adonix, Inc. All rights reserved. All trademarks and company names mentioned are the property of their respective owners.
Media Contact: Michael Mahoney, Brittenford