SYLVANIA, Ohio, Aug. 21, 2012 (GLOBE NEWSWIRE) -- Inc. magazine today added Root, the strategy execution consulting company, to 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. For the first time, Root joins Yelp, yogurt maker Chobani, Giftcards.com, KIND and famed hatmaker Tilly's, among other prominent brands featured on this year's list.
"It's fantastic to have Root and our people recognized for the hard work and effort to grow the business, be a part of this year's Inc. 500/5000 list, and be among the fastest growing private companies in the U.S.," said Jim Haudan, CEO of Root. "Everyone at Root is single-mindedly dedicated to helping our clients successfully execute strategic change by tapping into the power of their people and that is the reason we continue to grow year-over-year."
Root works with brands like Swarovski, Petco, Hilton Hotels, Procter & Gamble, Delta Air Lines, Taco Bell and Dow Chemical to help them launch new strategies through every level of the organization and keep them on course long after the initial rollout is over. Through successful programs and new "off-the-shelf" customer offerings, Root continues to grow and expand.
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 more than 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.
Methodology
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. 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.
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.
About Root
Root is a strategy execution company that helps organizations engage their people as the catalyst and driver for change. Root does this by connecting people with complex strategies using creative and visual methods, transformative insights, and consulting know-how on strategy deployment and sustainment. With more than 20 years of capabilities developed from partnering with the world's largest businesses, Root has created a proven framework that consistently achieves clarity, ownership, and results. Based in Sylvania, Ohio, Root has been recognized as a Great Place to Work for seven consecutive years. Visit www.rootinc.com for more information.
The Root logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=14146