Matrix Solutions Places on 2008
Inc. Magazine Inc. 5000 List
Media Sales Strategy and CRM Software Provider
Achieves National Ranking
NEW YORK, October 2, 2008 – Inc. places
Matrix Solutions on its annual ranking of the 5000 fastest-growing
private companies in the country. The list is the most comprehensive
look at the most important segment of the economy – America’s
independent-minded entrepreneurs. Taken as a whole, these companies
represent the backbone of the U.S. economy.
“Our second annual Inc. 5000 continues the most ambitious
project in business journalism,” said Inc. 5000 Project
Manager Jim Melloan. “The Inc. 5000 gives an unrivalled
portrait of young, underreported companies across all industries
doing fascinating things with cutting-edge business models, as
well as older companies that are still showing impressive growth.”
“Our solution is used by so many companies in the media
industry because it truly is the ‘de facto’ standard
sales management solution for media salespeople and their managers,”
said DJ Cavanaugh, president of Matrix Solutions. “We are
honored to be listed among the ranks of the nation’s fastest
growing privately held businesses in the nation. Matrix Solutions
has built its business by selling MatrixPlus™, our flagship
sales strategy software, that has helped media advertising sellers
make better business decisions, and by creating ‘Raving
Fans’ of our customers. Our dedicated employees and over
10,000 users throughout North America have made this achievement
possible.”
The 5000 companies that made the list reported aggregate revenue
of $185 billion and median three-year growth of 147 percent. Most
important, the 2008 Inc. 5000 companies were engines of job growth,
having created more than 826,033 jobs since those companies were
founded. Complete results of the Inc. 5000, including company
profiles and a list of the fastest-growing companies that can
be sorted by industry and region can be found at www.inc5000.com.
Hottest Regions for Fastest-Growing Companies
The New York metro area tops the Inc. 5000 list with the most
companies of any city with 355. Washington, D.C. comes in a close
second with 300 companies on the list; Los Angeles comes in third
with 244 companies, and Atlanta (194 companies) and Chicago (189
companies) round out the top five. Interestingly, only 62 companies
on the Inc. 5000 are not based in metropolitan areas.
Grand Rapids, Mich. leads the list with the highest median revenue
of any metro area ($26.2 million, 16 companies), followed by San
Antonio, Texas ($21.3 million, 25 companies), Baton Rouge, La.
($18.8 million, 14 companies), Houston ($17.1 million, 97 companies),
and Kansas City, Mo.-Kan. ($16.5 million, 39 companies).
Hottest Industries for Fastest-Growing Businesses
The most notable median growth categories among the Inc. 5000
fastest-growing businesses are in the Energy category (which grew
by 298%), followed by Government Services (which grew by 220%),
Security (200% growth), IT Services and Software (both grew by
187%), and Consulting (which grew by 182% on average).
The largest business category is IT Services, with 579 Inc. 5000
companies. Business Services (532 companies), Construction (459),
Manufacturing (405), and Advertising & Marketing (361) complete
the top five industries ranked on the 2008 Inc. 5000.
Industries reporting the highest median revenue are Travel ($38.8
million), Financial Services ($16.3 million), Logistics ($15.4
million) Government Services ($14.2 million), and Energy ($14.2
million).
Methodology
The 2008 Inc. 5000 list measures revenue growth from 2004 through
2007. To qualify, companies must be U.S.-based and privately held,
independent – not subsidiaries or divisions of other companies
– as of December 31, 2007, and have had at least $200,000
in revenue in 2004, and $2 million in 2007.
Companies can apply for next year’s Inc. 5000 by registering
with “IncBizNet, Business Network for Private Companies”,
at www.incbiznet.com.
About Inc.com Inc.com, the daily resource for entrepreneurs,
delivers how-to guides, advice, tools, breaking news, and rich
multi-media to help business owners and CEOs start, run, and grow
their businesses. Inc.com offers dynamic marketing solutions to
help advertisers effectively reach Inc.com's audience of business
leaders. Visit www.inc.com.
About Matrix Solutions Matrix Solutions is the
industry leader in providing sales strategy and CRM software and
sales consulting services to media companies encompassing print,
television, radio, cable, online and outdoor. Today over 800 customer
sites and 10,000 users depend on Matrix Solutions to achieve their
sales planning, strategic selling and forecasting and budgeting
objectives. Together, these deliver actionable information for
minimizing attrition and effectively developing and retaining
new business. Matrix Solutions is headquartered in Pittsburgh,
PA. For more information, visit www.matrixformedia.com.
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