Marlborough, MA, Aug. 31, 2011 (GLOBE NEWSWIRE) -- BRIDGE Energy Group, the Trusted Advisor and Implementation Partner in Smart Grid Integration and Utility Solutions today announced that Inc. Magazine ranked the energy company number 1,506 on its annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents a comprehensive look at the most important segment of the economy--America’s independent entrepreneurs. With a three-year sales growth of 184%, BRIDGE was ranked as #No. 39 in the Energy Industry and No. 40 in the Boston Metro Region.
"Inc. has sought to recognize and to celebrate the creativity, dedication, and hard work that entrepreneurs put into building their companies," noted Jane Berentson, Editor of Inc.500 Magazine, in her address to award recipients.
"BRIDGE is pleased to be recognized as one of the fastest growing private companies by Inc. 500|5000," said Colum Lundt, COO of BRIDGE Energy Group. "Serving on the list for the second consecutive year confirms the significance of BRIDGE’s accomplishments in developing Smart Grid enabling technologies and creating real high-tech jobs despite an economic downturn."
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.
Complete results of the Inc. 5000, including BRIDGE’s company profile can be found online at www.inc.com/5000.
About BRIDGE Energy Group Inc.
BRIDGE Energy Group, Inc., is the trusted advisor and implementation partner in Smart Grid Integration and Utility Solutions for clients in the Energy industry. BRIDGE offers business and IT transformation strategy planning as well as program management and implementation services in support of key Market Operations, Grid Operations and Smart Grid initiatives across Generation, Transmission, Distribution, Independent System Operators and Regional Transmission Operators. Founded in 2004, BRIDGE is headquartered in Marlborough, MA with offices in Austin, TX; Albany, NY; Sacramento, CA; and Rutland, VT. For more information on BRIDGE, please contact 888-351-8999 or visit http://www.BridgeEnergyGroup.com.
About the Inc. 500 Awards - Methodology
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. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
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 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.