| Inc. Magazine Unveils 28th Annual List of America’s Fastest-Growing Private Companies—the Inc. 500 and names AVT Simulation of one of the top 25% of the fastest growing small business’ in the nation.
AVT Simulation Ranks No. 1112 on the 2009 Inc. 500 with Three-Year Sales Growth of 282.1%
Orlando, Florida, 12 August 2009
Inc. magazine today ranked AVT Simulation as No. 1112 in its 28th annual Inc. 500/5000, 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. Companies such as Microsoft, Zappos, Intuit, GoDaddy, Under Armour, Jamba Juice, American Apparel, Oracle, and hundreds of other powerhouses gained early exposure as members of the Inc. 500.
“If you want to know which companies are going to change the world, look at the Inc. 500,” said Inc. editor Jane Berentson. “These are the most dynamic, fast-growth companies in the nation, the ones finding innovative solutions to problems, creating smart systems, and inventing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition.”
Cliff Ingari, Vice President/COO, attended the 2009 event and was extremely proud to accept the award on behalf of all AVT’s employees that made the award possible.
AVT Simulation was founded in 1998 to provide professional engineering services and training solutions to the simulation, training and entertainment markets. Since its inception, AVT has been fortunate to provide our highly specialized staff of engineers to some of the top leaders in the simulation industry. With an average of over 20 years of simulation experience, our dedicated staff provides specialized solutions for customers requiring point solutions to complex problems. Located in the University of Central Florida Research Park, AVT has forged relationships and partnerships within the Research Park to bring together a synergistic team of highly specialized expertise to provide our customers with the best products and services the industry can offer. AVT is a minority-owned business qualified under the Small Business Administration 8(a) program and is ISO 9001:2008 certified.
The 2009 Inc. 500, unveiled in the September issue of Inc. magazine (available on newsstands August 17 to November 15) and on Inc.com, reported aggregate revenue of $18.4 billion—up significantly from last year’s $13.7 billion—and a median three-year growth rate of 880.5 percent. The companies on this year’s list are also responsible for creating more than 55,000 jobs since their inception, making the Inc. 500 perhaps the best example of the impact private, fast-growing companies can have on the overall U.S. economy. The largest company on the list, flat-panel-TV maker Vizio, broke the $2 billion revenue mark. Complete results of the Inc. 500, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com.
Despite the ongoing recession, the 2009 Inc. 500 offers a glimpse of the future of the U.S. economy. In the health sector, which saw aggregate revenue of $1.1 billion and a 917 percent median growth rate, businesses are moving forward on cancer and stem-cell research, clinical trials, and medication management. More than 25 percent of companies in the energy sector ($2.5 billion aggregate revenue; 942 percent median growth rate) focus on solar and other alternative sources. Less than a third of retailers ($356 million aggregate revenue; 914 percent median growth rate) have even a single brick-and-mortar store. And the number of companies providing technical services to the various branches of the federal government continues to rise.
Methodology
The 2009 Inc. 500 organization measures revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2008. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2005 is $200,000; the minimum for 2008 is $2 million.
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 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.
About the Inc. 500|5000 Conference
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Contact: Jim Siebold
AVT Simulation, Inc.
Tel: 407-381-5311
info@avtsim.com |
