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IneoQuest Named to Inc. Magazine's 26th Annual List of America's 500 Fastest-Growing Private Companies
IneoQuest Added to the 2007 Inc. 500, With Three-Year Sales Growth of 672%
| Source: IneoQuest
NEW YORK, NY--(Marketwire - August 28, 2007) - Inc. magazine today ranked IneoQuest, the
leader in Multi-Dimensional Video Quality Management Systems™ and global
provider of advanced quality and service assurance solutions for IP Video,
at No. 427 on its 26th annual Inc. 500 list of the fastest-growing private
companies in the U.S.
"If you want to find out which companies are going to change the world,
look at the Inc. 500," said Inc. Editor Jane Berentson. "These are the
most innovative, dynamic, fast-growth companies in the nation, the ones
coming up with solutions to some of our most intractable ills, creating
systems that let us conduct business faster and easier, and manufacturing
products we soon discover we can't live without. The Inc. 500 list is Inc.
magazine's tribute to American business ingenuity and ambition."
Fast Growth in a Hot Market: The IP Video Quality Experts
IneoQuest's mission of reducing operational expenses (OPEX) for video
providers while assuring IP Video quality has put the company's services in
higher demand with cable operators, telecom service providers and video
equipment manufacturers. Over the last 12 months, IneoQuest has garnered
numerous headlines and awards with the release of its IP Video Management
System (iVMS), and its industry-unique, end-to-end video quality assurance
platform, IQPinPoint. The global provider of IP video test and measurement
tools has enjoyed a three-year growth rate of 672.3 percent and now has
over 300 unique video provider customers under its belt. IneoQuest
researches, designs and builds its hardware and software in its own
manufacturing facility in Mansfield, Mass.
"IneoQuest is thrilled to be part of Inc. magazine's impressive roster of
fast-growing, private companies," said Marc A. Todd, president and CEO of
IneoQuest. "The last three years have proven to be a major growth period
for our company, as IP video providers begin to understand the necessity of
a purpose-built quality and service assurance solution to keep expenses low
and retain subscribers. We are encouraged by this growth and are
continuing to offer first-to-market, cutting-edge products and services
including Switched Digital Video (SDV) monitoring and test tools for our
customers."
The 2007 Inc. 500, as revealed in the September issue of Inc. magazine (on
newsstands August 28 - October 2), reported an aggregate revenue of $16
billion and median three-year growth of 939 percent. Most important, the
2007 Inc. 500 companies were engines of job growth, having created more
than 64,064 jobs since those companies were founded.
"One of our goals when starting IneoQuest was to provide high-quality jobs
for as many of the region's talented engineers as possible," noted Todd.
"I'm pleased that companies like IneoQuest and other Inc. 500 winners are
being recognized for their contributions to the economic landscape."
Complete information on this year's Inc. 500, including company profiles
and a list of the fastest-growing companies that can be sorted by industry
and region can be found at www.inc.com/inc5000.
Methodology
The 2007 Inc. 500 list measures revenue growth from 2003 through 2006. To
qualify, companies had to be U.S.-based and privately held, independent --
not subsidiaries or divisions of other companies -- as of December 31,
2006, and have had at least $200,000 in revenue in 2003, and $2 million in
2006.
Companies can apply for next year's Inc. 500 and Inc. 5,000 by registering
with IncBizNet, the new social network for private companies that will
launch this fall on Inc.com.
About Inc. magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC., Inc.
magazine (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 681,421, Inc. provides hands-on tools and
market-tested strategies for managing people, finances, sales, marketing,
and technology.
About IneoQuest Technologies
IneoQuest Technologies, Inc., the leader in Multi-Dimensional Video
Quality Management Systems, is a global provider of advanced quality and
service assurance solutions for IP Video, serving customers in the
telephony, cable, broadcast and network equipment industries worldwide.
The company enables its customers with unique combinations of hardware,
software and services to design, build, deploy, and manage IP Video
networks. Headquartered in Mansfield, Massachusetts, IneoQuest has sales
operations in the US, Asia and European regions.
More information is available at www.IneoQuest.com.