PEORIA, Ill., Sept. 9, 2013 /PRNewswire/ -- Advanced Technology Services Inc. (ATS) announced today it was ranked number 3,559 on on the seventh 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.
ATS was ranked 4,231 on the 2011 Inc. 500|5000 and significantly increased its ranking in 2013 due to an 85% growth rate over the past three years. The company also added 1,144 jobs during this time, bringing its current staff totals to 2,999 employees. According to Jeff Owens, President of ATS, "Our considerable growth is due to two drivers in our business; the need for manufacturers to increase the performance and efficiency of production assets, and the new technology that ATS has brought to manufacturing."
Mr. Owens attributed the new efficiencies that mobile technology has brought to factory floor as a key ingredient in creating increased uptime of manufacturing machines. "The savings can range from one half hour per technician per shift up to one hour per shift," said Owens. "When you do the math that adds up to quite a time savings providing the fast-paced manufactures we serve with more uptime to produce more products."
In a stagnant economic environment, median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year's list report having created over 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 billion.
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.
"Not all the companies in the Inc. 500 | 5000 are in glamorous industries, but in their fields they are as famous as household name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy," says Inc. magazine Editor Eric Schurenberg.
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2012. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2009 is $100,000; the minimum for 2012 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.
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.
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 October 10–12, 2013, at the Gaylord National Resort & Convention Center in Washington, DC. For more information about the 2013 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.
About Advanced Technology Services:
ATS makes business run better by improving the productivity and profitability for many of the world's most respected companies. Through innovative IT services, production equipment maintenance and spare parts repair, ATS helps business remain competitive in a fast changing global economy. ATS is headquartered in Peoria, IL with offices and services centers located in Chicago, IL, Greenville, SC, Detroit, MI, Monterrey, Mexico and the United Kingdom. For more information visit www.AdvancedTech.com.
SOURCE Advanced Technology Services, Inc.