CHICAGO, August 29, 2011 – Adage Technologies was ranked No. 3375 by Inc. Magazine on its fifth annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. The Inc. 5000 represents a comprehensive look at the most important segment of the economy—America’s independent entrepreneurs.
Adage Technologies has seen their bottom line grow dramatically each year. The company’s three-year sales growth is 54 percent, and the 2010 revenue was up 25 percent after a 10 percent increase in 2009. Adage’s dedication to providing an unsurpassed service experience has is credited with its success. In the last year, nine new employees were added to the Adage team to assist with additional web, software and application development projects for the increasing list of clients.
“Adage Technologies has been growing as a company in all areas. We’re very proud to be recognized by the esteemed Inc. 5000 listing, and are excited to continue expanding our business” said Roy Chomko, President of Adage Technologies.
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.
Online retailer ideeli tops this year’s list. Adage Technologies also joins Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokane, makers of the Rabbit corkscrew, among other prominent brands featured on this year’s list. 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. To the Adage Technologies profile, it can be found at http://www.inc.com/inc5000/profile/adage-technologies
About Adage Technologies
Adage Technologies was formed in 2001 with a specific focus on driving business value through web technology. Today, Adage offers a wide variety of business technology solutions, including custom software, content management, and mobile applications. The company specializes in providing solutions for across a variety of industries, including healthcare/medical, entertainment, and insurance.
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.
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.
About the Inc. 500|5000 Conference
Each year, Inc. and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars—the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list’s alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us September 22–24, 2011, at the Gaylord National Resort and Convention Center in National Harbor, Maryland, located minutes from downtown Washington, D.C. For more information about the 2011 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.