Network Outsource Named as One of America’s Fastest Growing Private Companies by Inc. Magazine
New Hyde Park, NY – September 8, 2011
Network Outsource is pleased to announce that it has been named as one of America’s fastest growing companies by Inc. magazine. The Company ranked #541 in the IT Services industry and #4041 on the fifth annual Inc. 500/5000, an exclusive ranking of the nation's fastest-growing private companies. This is the third year Network Outsource made the list, which represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs.
With a 31% three-year growth rate, Network Outsource joined such prominent companies as Magic Hat Consulting, Carbonite, Triad Web Design, Kayak, Dunkin Donuts and Spirit Airlines on this year’s list.
“This is an achievement for Network Outsource and a testament to the hard work and dedication of our veteran employees, who’ve made this company what it is today and continue to set the example for the newest members of our team, who are carrying on the Network Outsource tradition of superior service and commitment to our clients,” said President of Network Outsource Adam Mahoney.
Network Outsource has been providing technology solutions to businesses, schools and nonprofits in New York City and on Long Island for 15 years. In that time, the company has grown from a small two-man operation to a dynamic organization with more than 50 employees. Network Outsource has been able to maintain productivity and continues bringing on new employees, creating much needed jobs.
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
“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. magazine Editor Jane Berentson.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.
About Network Outsource
Network Outsource plans, implements and manages the data and voice networks of public sector and commercial clients. They provide a host of managed services and one-stop IT solutions, including a combination of proactive remote service engineering (RSE), helpdesk, on-site support, project management and integration, utilizing innovative technologies to meet the specific requirements of our clients.