MegaPath Named to INC. 5000 for Third Consecutive Year
Company Recognized in Inc. Magazine's List of the Fastest-Growing Private Companies in the United States
COSTA MESA, CA, September 14, 2009 — MegaPath, Inc., the leading provider of managed IP data, voice, and security services in North America, announced today the company was named to the Inc. 5000, Inc. Magazine’s annual list recognizing the nation’s fastest-growing companies. With 221 percent revenue growth between 2005 and 2008, MegaPath ranked 1,446 on this year’s list. In addition, MegaPath also ranked 45th on the “Top 100 Telecommunications Companies” list.
“MegaPath strives to provide fully-managed voice and data connectivity and security services that are both innovative and cost-effective,” said Dan Foster, Chief Sales and Marketing Officer, MegaPath. “This consistent focus has enabled MegaPath to remain top of mind as businesses search for ways to cut costs without compromising customer service. We are proud to be recognized by Inc. Magazine for a third consecutive year, as it demonstrates our leadership within the telecommunications and managed IP services industries.”
Despite the ongoing recession, the Inc. 5000 companies posted a $214 billion increase in aggregate revenue, up $29 billion from last year’s list. In addition, the companies listed also created more than 1 million jobs since their founding, emphasizing the impact that private, fast-growing companies can have on the economy.
“Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate,” said Inc. 5000 Project Manager Jim Melloan. “That’s why our list is so eagerly anticipated every year.”
To qualify for the Inc. 5000, companies must have been founded and generating revenue by the first week of 2005. Additionally, they have to be U.S.-based, privately held, for profit and independent, not subsidiaries or divisions of other companies, as of December 31, 2008. Revenue in 2005 must have been at least $200,000 and revenue in 2008 must have been at least $2 million.
MegaPath offers a complete line of managed IP data, voice and security services that enable businesses to lower costs, increase security and enhance productivity. Leveraging a wide selection of broadband connectivity, Virtual Private Networks, Voice over IP (VoIP) and Security technologies, MegaPath’s customers can significantly improve productivity through the use of new applications and enhanced communications between their headquarters, branch offices, retail stores, mobile workers and business partners. Businesses of all sizes and across all industries can easily and securely communicate with their various office locations across the country.
Welz & Weisel Communications
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 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.
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. 5000 community, both a new class of Inc. 5000 honorees and the list’s alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us September 23–25, 2009, at the Gaylord National Resort and Convention Center in National Harbor, Maryland. For more information about the 2009 Inc. 500|5000 Conference & Awards Ceremony, and to register, visit www.Inc5000event.com. Stay connected with Inc. Events by following @IncEvents on Twitter.
About MegaPath Inc.
MegaPath is the leading provider of managed IP communications services in North America. MegaPath leverages its wide selection of broadband connectivity, Virtual Private Networks (VPN), Voice over IP (VoIP) and security technologies to enable businesses to lower costs, increase security and enhance productivity. Businesses of all sizes can easily and securely communicate between their headquarters, branch offices, retail locations, mobile workers, and business partners. To learn more about why 20,000 companies have chosen MegaPath’s managed IP data, voice and security services to improve their business communications, visit www.megapath.com or call 1-877-MegaPath (634-2728).
MegaPath Media Contact:
Welz & Weisel Communications