ATLANTA, Jun 08, 2010 (BUSINESS WIRE) -- Cbeyond Inc. (NASDAQ:CBEY, news, filings), (www.cbeyond.net), a leading provider of business communications and IT solutions to more than 52,000 small businesses across the country, was recognized as the 11th fastest-growing public company in Georgia by the Atlanta Business Chronicle. The communications and IT solutions provider was also ranked one of the top 10 Georgia companies for both employment expansion and revenue growth from 2007 to 2009.
The lists recognize Cbeyond's continued success despite a difficult economy, with Cbeyond jumping 10 spots from its 2008 ranking as the 21st fastest-growing company to 11th. Much of this can be attributed to Cbeyond's more than 40 percent increase in employment and nearly 50 percent increase in revenue from 2007 through 2009. The report marks the third consecutive year in which the Atlanta Business Chronicle has recognized Cbeyond in its annual growth rankings.
"Cbeyond's stability and dedication to serving our customers has put the company in a position of continued growth - even in the challenging markets of the past few years," said Jim Geiger, Chairman and CEO of Cbeyond. "This recognition confirms the hard work and dedication that our employees put forth every day in serving our customers, and the value of our small business communications solutions that help our customers grow."
Additionally, Geiger was listed as one of the longest serving CEOs in Georgia, with more than 10 years of leadership dating back to Cbeyond's founding in November 1999, when the company was an emerging provider of communications solutions.
To compile the list of fastest-growing public companies in Georgia, the Atlanta Business Chronicle collected revenue and employment figures from companies' annual filings with the Securities and Exchange Commission from 2007 to 2009. Companies were ranked by a growth index formula and must have at least $100 million in revenue to be considered for the top 25 fastest-growing list.
Cbeyond continues to grow in Atlanta and throughout its 13 operating markets. The company recently announced the opening of the Boston market, and Cbeyond continues to gain market-share in cities across the country. Now serving over 52,000 small businesses and offering more than 30 solutions in its product portfolio, Cbeyond is poised for continued growth. For more information on Cbeyond and its portfolio of small business communications and IT services, visit www.cbeyond.net/smb.
Cbeyond, Inc. (NASDAQ: CBEY) is a leading provider of IT and communications services to more than 52,000 small businesses throughout the United States. Recently named as the sixth fastest growing technology company by Forbes magazine, and added to Standard & Poor's Small Cap S&P 600 Index, Cbeyond offers more than 30 productivity-enhancing applications including local and long-distance voice, broadband Internet, mobile, BlackBerry(R), broadband laptop access, voicemail, email, web hosting, fax-to-email, data backup, file-sharing and virtual private networking. Cbeyond delivers these services over a 100 percent private all IP network. For more information on Cbeyond, visit www.cbeyond.net and follow Cbeyond on Twitter: www.Twitter.com/Cbeyondinc.
SOURCE: Cbeyond Inc.
Cbeyond Inc. Shana Keith, 678-384-8304 firstname.lastname@example.org