New York, NY, Aug. 26, 2011 (GLOBE NEWSWIRE) -- Inc. magazine this week ranked BetterWorld Telecom number 3,531 on its fifth 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. Online retailer ideeli tops this year’s list. BetterWorld Telecom joins some of its sustainable customers like Clean Currents and Honest Tea, as well as partners Vocalocity and Granite Telecom, alongside great industry change makers like Zipcar, Pandora and Linkedin, among other prominent brands featured on this year’s list.
"As we break into Inc. 500|5000 list for the first time, the BetterWorld team wants to thank its amazing customers, partners, and investors for believing in us and that a different model could be possible in the $500B telecom carrier industry," noted BetterWorld President and Co-founder, Matt Bauer. "In this highly competitive industry, it has been our unwavering commitment to placing people and the planet in lockstep with our profit goals, while pursuing the Good to Great ethos of constant improvement that has kept us surviving and thriving. We look forward to visiting the Inc. 500|5000 for many years to come," added Bauer.
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 company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
BetterWorld Telecom Overview
BetterWorld was launched in 2002 by a group of telecom industry veterans with over 275 years of combined telco experience, all committed to creating a company built on excellence and personal service, as well as social and environmental leadership. In the $500B U.S. telecom carrier market, BetterWorld Telecom is the only nationwide, full-service voice and data services provider focused on serving businesses and non-profit organizations that support social justice and sustainability. BetterWorld provides business-grade telecommunication solutions, applications, hardware and cloud computing services to businesses and non-profits in over 40 states, comprised of traditional services such as local, long distance, toll free, conferencing, Internet access, as well as cloud communications services such as VoIP, unified communications, and Virtual PBX solutions.
BetterWorld’s world-class service is highly personal with solutions customized for each customer. At the same time, BetterWorld is the only certified, triple bottom line carrier in the world, qualifying as a founding B Corporation, making the Worldblu list of the World's Most Democratic Companies 5 years running, and as a member of One Percent for the Planet since 2006. BetterWorld has pioneered a new workshift framework called BetterWork™ that leverages telecom and technology to enable new organizational structures and flexible work environments. BetterWork facilitates work anytime and anywhere, creating more efficiency, flexibility and productivity -- all while helping to save the environment and reduce operational costs.
CONTACT: Salem Kimble, Manager, Social Media Development, 866.567.2273 x920 skimble@betterworldtelecom.com
| More about Inc. and the Inc. 500|5000 |
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. 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">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.
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