Annapolis Junction, MD, Aug. 29, 2011 (GLOBE NEWSWIRE) -- For the second year in a row, Axom Technologies, Inc. has ranked on the Inc. 500 list of America’s fastest growing, privately owned companies.
Inc. Magazine this week ranked the Annapolis Junction company No. 253 on the 2011 list, noting that Axom Technologies posted revenue growth of 1,258 percent over the past three years. The company reported revenue of $10.6 million in 2010 compared to $781,143 in 2007. Its staff grew to 73 in 2010 - up 67 employees in three years. Axom ranked as the 30th fastest growing company in the government services sector and the sixth fastest growing in the Baltimore region.
"We are proud to win such a prestigious national award two years consecutively," said Matthew Norris, Axom Technologies’ founder, president and chief executive officer. "Our ability to adapt to our marketplace, build on our previous successes and take strategic risks has helped us grow this business in a tight labor market and tough economic times."
A service-disabled, veteran-owned small business, Axom Technologies provides information technology and engineering services to the federal government, specializing in software development, IT engineering, cyber operations, network operations, and business consulting.
In its 30th year, the Inc. 500 list is an exclusive ranking of the nation's fastest-growing private companies. The list delivers a comprehensive look at the most important segment of the economy--America’s independent entrepreneurs. Companies such as Microsoft, Zappos, Intuit, Jamba Juice, Zipcar, Clif Bar, Vizio, Oracle, and many other well-known names gained early exposure as members of the Inc. 500. Companies on the 2011 list posted aggregate revenue of $10.5 billion, with a median three-year growth of 1,275 percent. Combined, they employ more than 46,000 people and generated over 35,000 jobs in the past three years.
About Axom Technologies
Axom Technologies, Inc. supports the U.S. military and intelligence community through information technology services, software and systems engineering, and cyber operations expertise. Based in Annapolis Junction, Axom operates a 24x7 enterprise-wide operations center to support clients’ network operations, perform multi-tiered worldwide data management, and deliver service desk operations. Axom’s engineering capabilities include software development, digital signal processing and full-fledged systems engineering while its cyber experts deliver Computer Network Defense operations and network analysis support. Founded in 2005, Axom Technologies is a registered service-disabled, veteran-owned small business and a 2010 and 2011 Inc. 500 company.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. 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. The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. Companies had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2010. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com\500">www.inc.com/500.
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