With Three-Year Sales Growth of 1,373 Percent, Phone.com Ranks No. 262 on the 2012 Inc. 500 List
Inc. Magazine Unveils Inc. 500, the Publication’s 31st Annual List of America’s Fastest-Growing Private Companies
Livingston, N.J. (PRWEB) August 21, 2012. Phone.com has been recognized by Inc. Magazine at number 262 in their 2012 Inc. 500 list, an exclusive ranking of the fastest-growing privately-held companies in America. This is considered a hallmark of entrepreneurial success with past members of the list including Intuit, Zappos, Under Armour, Jamba Juice, Timberland, Patagonia and Zipcar.
“Phone.com is a cloud-based phone service targeting small businesses, entrepreneurs and sole proprietors. We are honored and humbled that we have made the list of this prestigious exclusive group of companies,” said Ari Rabban, CEO & CO-founder of Phone.com. “The phone service market is extremely competitive and yet still very exciting. Growth in our industry and Phone.com specifically is based on innovative services incorporating new technologies and new developments. We look forward to continuing to serve our growing and loyal customer base with an eye towards innovation, quality and value.”
The 2012 Inc. 500, unveiled in the September issue of Inc. (available on newsstands August 21 to November 15 and on Inc.com), is the most competitive crop in the list’s history. To make the cut, Phone.com had to have achieved a staggering minimum of 770% in sales growth. The Inc. 500’ s aggregate revenue is $15.7 billion, with the combined companies employing more than 48,000 people and having generated over 40,000 jobs during the past three years.
“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.
In a stagnant economic environment, median growth rate of 2012 Inc. 500|5000 companies remains an impressive 97 percent.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com. A complete list will also be featured in Inc.‘s September issue, which is available on newsstands now.
Joel Maloff, Phone.com – 973 577 6380 x113
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. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
Phone.com is a cloud-based phone company offering a variety of innovative and economical business and home phone services for entrepreneurs, home offices, small businesses and individuals. Powered by advanced VoIP technologies, the company offers Phone.com Virtual Office for small businesses, Phone.com Virtual Number for individuals on the go, Phone.com Home Phone Plus for consumers and Phone.com Mobile Office and Mobile VoIP. Please visit http://www.Phone.com or call 1-800-998-7087 for more information.
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. For more information, visit www.inc.com.