IRVINE, Calif., Aug. 28, 2012 (GLOBE NEWSWIRE) -- Inc. magazine today ranked Phoenix Energy Technologies NO. 3383 overall and NO. 84 in Energy on its sixth 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 entrepreneurs. Unified Payments tops this year's list. Phoenix Energy Technologies joins Yelp, yogurt maker Chobani, Giftcards.com, KIND and famed hatmaker Tilly's, among other prominent brands featured on this year's list.
"As first time honorees, we couldn't be more thrilled with our inclusion in this year's Inc. 500l5000 Fastest Growing Companies list," says CEO, Lisa M. Varga. "2012 has been a breakthrough year for Phoenix, and this recognition not only solidifies our place as a company to watch in the enterprise energy management (EEM) sector, it also speaks to the entrepreneurial spirit that underscores Phoenix Energy Technologies innovative solutions and continued success in the marketplace." Varga adds, "With minimal focus on sales growth over the past two years, due to product and infrastructure development priorities, this honor is reflective of the fact the (EEM) industry has truly embraced PhoenixET during a pivotal time."
In a stagnant economic environment, median growth rate of 2012 Inc. 500|5000 companies remains an impressive 97 percent. The companies on this year's list report having created over 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion.
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 at www.inc.com/5000.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. Editor Eric Schurenberg.
About Phoenix Energy Technologies
Phoenix Energy Technologies is a strategic partner and leading provider of Enterprise Energy Management software and services in the retail sector. With a proven process to enable greater visibility, produce actionable information, and achieve optimized building performance, PhoenixET provides a 360° solution to reduce energy consumption and costs. For more information, visit www.phoenixet.com.
About Inc.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.
The Phoenix Energy Technologies logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=14384
