Published on August 13, 2009
Geonetric News Release
Geonetric Named to Inc. 5000 List for Third Consecutive Year
Sales growth of 259.2 percent over three years elevates Cedar Rapids-based Web solutions company on list of fastest growing companies.
Cedar Rapids, IA - August 13, 2009 - Inc. today ranked Geonetric No. 1225 on its annual ranking of the 5,000 fastest-growing private companies in the country. The list is an exclusive ranking of the nation's fastest-growing private companies. It represents a comprehensive look at the most important segment of the economy-America's independent-minded entrepreneurs and up and coming companies. Geonetric is one of 33 Iowa-based companies to the make the list, the top-ranked company from the Cedar Rapids/Iowa City corridor, and 80th in the software category overall.
"Being named to the Inc. 5000 list three years in a row is an impressive feat," says Eric Engelmann, president and CEO of Geonetric. "Add to that the fact that we have improved on our ranking each year - and it's a testament to our innovative team and our ability to continue to meet our clients' evolving needs. The latest release of our Patient Portal software is setting the new standard in online personalized health experiences and its success should propel us even higher on the list next year."
The 2009 Inc. 5000 list serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 organizations are responsible for creating more than one million jobs since their founding; making the list perhaps the best example of the impact private, fast-growing companies can have on the economy.
Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at http://www.inc.com/inc5000/2009/index.html
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. 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 www.inc.com.
