CLEVELAND, Aug. 17, 2017 /PRNewswire/ -- Park Place Technologies is pleased to announce its fifth consecutive inclusion on Inc. Magazine's 36th annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies. Park Place ranked No. 3078 overall, and was the sole IT Services representative from the Cleveland area.
"Park Place is focused on accelerated growth," said Park Place Technologies CEO Ed Kenty. "We are strategically expanding domestically and internationally through organic direct customer growth, rapidly growing channel relationships and continued targeted acquisitions. This recognition, now in its fifth year, is continued empirical evidence of our team's efforts and clients' response to our service."
Since 1991, Park Place Technologies has provided an exceptional customer experience, superior service delivery, and a cost savings advantage for businesses seeking an alternative to post-warranty storage, server, and networking hardware maintenance for IT data centers. Park Place services more than 10,000 organizations in over 100 countries across a multitude of industry verticals, from government, higher education, and healthcare institutions to cloud service providers, SMB, and Fortune 500 companies.
The 2017 Inc. 5000 is the most competitive crop in the list's history. The average company on the list achieved a three-year average growth of 481 percent. The Inc. 5000's aggregate revenue is $206 billion, and the companies on the list collectively generated 619,500 jobs over the past three years.
"The Inc. 5000 is the most persuasive evidence I know that the American Dream is still alive," says Inc. President and Editor-In-Chief Eric Schurenberg. "The founders and CEOs of the Inc. 5000 tell us they think determination, risk taking, and vision were the keys to their success, and I believe them."
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/inc5000.
About Park Place Technologies
Since 1991, Park Place Technologies has provided an alternative to post-warranty storage, server, and networking hardware maintenance for IT data centers. Supporting more than 10,000 organizations in over 100 countries, Park Place Technologies offers an exceptional customer experience, superior service delivery, and an operational advantage for businesses ranging from government, higher education, and healthcare institutions to cloud service providers, SMB and Fortune 500 companies.
Inc. 5000 Methodology
The 2017 Inc. 5000 is ranked according to percentage revenue growth when comparing 2013 to 2016. To qualify, companies must have been founded and generating revenue by March 31, 2013. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2016. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2013 is $100,000; the minimum for 2016 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 http://www.inc.com/inc5000.
About Inc. Media
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. Winner of the National Magazine Award for General Excellence in both 2014 and 2012.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements.
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SOURCE Park Place Technologies