Inc. Magazine Unveils Its Annual Exclusive List of America's Fastest-Growing Private Companies—the Inc. 500|5000

AVID Technical Resources Named to the 2011 Inc. 500|5000 Posting a Three-Year Sales Growth of 31%

Sep 08, 2011, 09:05 ET from AVID Technical Resources

NEW YORK, Sept. 8, 2011 /PRNewswire/ -- Inc. magazine recently ranked AVID Technical Resources on its fifth annual Inc. 500|5000 (http://www.inc.com/inc5000/profile/avid-technical-resources), 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.  AVID Technical Resources 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.

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.

This is the second consecutive year that AVID Technical Resources has made the exclusive listing.  During the economic downturn, AVID posted nearly 20% growth from 2010 – 20111.  Company President, Brian Tomasello, attributes the growth to the firm's strategic and dynamic approach.  "We focused on strengthening our team and capitalizing on downturn by taking over market share.  Coupled with our dynamic approach to business, where we continually adapt our game plan based on market conditions, we continue to drive the company forward."  When many recruiting firms were laying off over the past few years, AVID Technical Resources was hiring.  The company grew their internal IT recruiting force by 35% in 2011.

About AVID Technical Resources:

AVID (Applications, Voice, Internet, Data) Technical Resources is a contract and permanent IT recruiting company. Headquartered in Boston, AVID specializes in placing information technology professionals with either an Infrastructure Support or Applications Development background.

Since our inception in 2003, AVID has grown to be among the leading IT recruiting firms in the area.  This explosive growth has led to a number of awards and recognition.  Forbes Magazine listed AVID as one of the Leading IT Staffing Agencies in the Northeast and the Boston Business Journal named AVID Technical Resources the 7th Fastest Growing Privately-held Company in Massachusetts.

SOURCE AVID Technical Resources



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