NEW YORK, Aug. 21, 2012 (GLOBE NEWSWIRE) -- Inc. magazine today ranked Logic Integration of Lone Tree, Colorado on its 2012 Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies.
The list represents the most comprehensive look at one of the most important segments of the economy—America's independent entrepreneurs. Logic Integration Inc. joins Yelp, yogurt maker Chobani, Unified Payments, Giftcards.com, KIND and famed hatmaker Tilly's, among other prominent brands featured on this year's list. Previous honorees have included companies such as Microsoft, Timberland, Vizio, Intuit, Jamba Juice, Oracle, and Zappos.com. Many of today's most successful U.S. companies received their first national recognition when they appeared on the Inc. list.
"We are honored to be on this elite list and excited for continued success," said Shawn Hansson, CEO and Founder of Logic Integration Inc. "We are proud of our three years of consecutive sales growth despite the challenging economy, and proud to be ranked on this exclusive list for 2012," he said.
In a stagnant economic environment, the median growth rate of the 2012 Inc. 500|5000 companies remains an impressive 97 percent. The honorees on this year's list show an aggregate revenue reaching $299 billion, and report having created over 400,000 jobs in the past three years.
"Growth companies, not large corporations, are where the action is," says Inc. Editor Eric Schurenberg."Now, more than ever, we depend on the Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward."
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.
The Logic Integration logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=14167
More about Inc. and the Inc. 500|5000
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.