Truevance Management Named to 2010 Inc. 5000 for 2nd Year
August 24, 2010 – New York
Inc. magazine today ranked Truevance Management, Inc., with a three-year growth rate of 15%, as number 4610 on its fourth annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy-America’s independent-minded entrepreneurs. Music website Pandora, convenience store chain 7-Eleven, Brooklyn Brewery, and Radio Flyer, maker of the iconic children’s red wagon, are among the prominent brands featured on this year’s list.
“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”
“We are pleased to be recognized by Inc Magazine for the second year in a row,” stated Truevance President and CEO, Jim True. Truevance, headquartered in Jacksonville, Florida, is a leading provider of infrastructure consulting, engineering and design, and technical services throughout North America and CALA. Its customers include such well know companies as AT&T, Verizon, Comcast, AT&T Mobility, Cox Communications, TECO Energy, CenturyLink, Comcast and Honeywell.
The 2010 Inc. 5000, unveiled today on Inc.com, serves as a unique illustration of the profound changes taking place in the U.S. economy. The Government Services sector showed the biggest gain in terms of the number of companies on the list, up 33 percent from last year to 335 companies. Government Services was also the second-fastest-growing sector in terms of median revenue growth, posting a 202 percent gain over the 2006-2009 measuring period. More than half of these companies are based in Maryland, Virginia, and Washington, D.C. The fastest-growing sector by median revenue growth was Real Estate, now just a tiny group of 38 young, small companies, which showed 231 percent median growth over the period. (There were 121 Real Estate firms on the inaugural Inc. 5000 in 2007.) Business Products & Services is the top industry by number of companies on the list (640) and total revenue ($80.7 billion), while Health is the biggest by total employment (287,726 jobs).
Despite the fact that most of this year’s measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year’s 126 percent. This year’s Inc. 5000 employ a record 1.4 million people, up from one million on last year’s list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.
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 on www.inc.com/5000.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. 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 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. For additional information, please visit www.inc.com.
About Truevance Management, Inc.
Truevance is a leading provider of infrastructure consulting, engineering and design, and technical services throughout North America. Its customers include such well known companies as AT&T, Verizon, Comcast, AT&T Mobility, Cox Communications, TECO Energy, CenturyLink, Fujitsu and Honeywell. Truevance is headquartered in Jacksonville, FL. For additional information, please visit www.truevance.com or contact:
James W. True
President and CEO
Truevance Management, Inc.