We are proud to announce that Newgistics was listed in Inc. magazine’s fifth annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. Newgistics ranked #2341 overall, #48 in the Logistics & Transportation industry, and #51 in Austin.
As Inc. states, “The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs.” Newgistics joins other high-growth brands on the list including LinkedIn, Pandora, Dunkin’ Donuts, and Boingo Wireless among others.
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.
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. 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, 2010. The minimum revenue required for inclusion was $100,000 in 2007 and $2 million in 2010.
“Newgistics is honored to included in this prestigious ranking by Inc. magazine,” said Bill Razzouk, Chairman and CEO of Newgistics. “Our continued growth and success is a testament to Newgistics’ guiding principles of best-in-class customer care and value-driving shipping services.”
Complete results of the Inc. 500|5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000. Additionally, the Inc. 500|5000 Conference & Awards Ceremony will celebrate this year’s honorees and the list’s alumni, September 22-24, 2011 at the Gaylord National Resort and Convention Center in National Harbor, Maryland. For more information about the 2011 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com.