HOUSTON, Aug. 30 eCardio announced today their inclusion on the Inc. magazine's annual list of America's fastest-growing private companies-the Inc. 500. Inc. magazine released the list on August 24, and eCardio was included at #435 with a three-year sales growth of 642%.
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The list represents the most comprehensive look at the most important segment of the economy--America's independent-minded entrepreneurs. Companies such as Microsoft, Zappos, Intuit, GoDaddy, Zipcar, Clif Bar, American Apparel, Oracle, and many other well-known names gained early exposure as members of the Inc. 500.
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"Fast growth at any time is a big achievement; fast growth during the past few years is just short of miraculous," said Inc. editor Jane Berentson. "The Inc. 500 consists of these just-short-of miraculous companies, the ones that through ingenuity and ambition have increased revenue, hired employees, and grown fast in difficult economic times."
The announcement comes in the wake of other growth awards presented to eCardio including recognition on the 2008 & 2009 Fast Tech 50, which honored high-growth technology companies in the Houston area, President Larry Lawson's recognition as Ernst & Young's Entrepreneur of the Year in 2008 & 2009, and inclusion in the 2009 Inc. 500.
"eCardio is honored to be recognized for a second year in the Inc. 500," notes Larry Lawson, President and Chief Executive Officer. "Over the past year, we really focused on the expansion of our executive team and company leadership in order to support and accommodate the exponential growth we've achieved over the past couple of years. The expansion of our management team, and our ongoing development of technology, will help eCardio better differentiate ourselves as the leader in arrhythmia monitoring solutions."
The 2010 Inc. 500, unveiled in the September issue of Inc. magazine, is a group of companies that are smaller but much faster-growing than last year's crop. Aggregate revenue is $11.3 billion--down from last year's $18.4 billion--but median three-year growth is 1,231 percent, substantially up from last year's 880.5 percent. The companies on this year's list employ more than 45,000 people. Complete results of the Inc. 500, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at Inc.com/500.
Methodology
The 2010 Inc. 500 is ranked according to percentage revenue growth when comparing 2006 to 2009. To qualify, companies must have been founded and generating revenue by June 30, 2006. Additionally, they had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2009. The companies of the Inc. 500 represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.
About eCardio
eCardio Diagnostics, www.ecardio.com, is one of the nation's leading providers of comprehensive and advanced technologies, devices, services and solutions for the diagnosis, monitoring and subsequent clinical management of cardiac arrhythmias, predominantly in an ambulatory setting. eCardio provides leading-edge diagnostic innovations and solutions that optimize the flexibility, speed and accuracy of cardiac arrhythmia diagnoses.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (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 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
SOURCE eCardio
