Inc. Magazine Names SevOne to Inc. 500 List of Fastest Growing Private Companies
Wilmington, DE – August 30, 2011– SevOne, the new leader in network performance management, today announced that it was ranked number 315 on Inc. magazine’s 30th annual Inc. 500, 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. SevOne was ranked 31st overall in the software industry category.
"Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. magazine Editor Jane Berentson.
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. 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, 2010.
“SevOne has experienced significant expansion the past few years which has earned us the right to be on this prestigious list and we could not be more proud of our team” stated Mike Phelan, President and CEO of SevOne. “All of our recent accolades are a testament to a lot of hard work in solving real business problems which further validates our position as a company that is meeting the top priorities of network management executives and their teams.”
The 2011 Inc. 500 is unveiled in the September issue of Inc., available on newsstands beginning August 23. 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 on www.inc.com/500.
SevOne, Inc. provides an application-aware, network performance management solution that enables enterprises, cloud and service providers, and government organizations to keep increasingly complex networks, servers and applications functioning at peak performance levels. SevOne delivers the industry’s fastest, most scalable and comprehensive real-time monitoring, troubleshooting and performance reporting solution to ensure application performance and reliability. Capable of monitoring millions of IT elements and flows, the SevOne solution provides IT Operations teams with the most accurate and timely data available to ensure enterprise-wide performance and reliability for business applications. Visit us at http://www.sevone.com.