Small Business IT and Communications Services Provider Recognized for Its Steady Revenue and Employee Growth
ATLANTA--(BUSINESS WIRE)-- Cbeyond, Inc. (NASDAQ:CBEY, news, filings) (www.cbeyond.net/smb), a leading provider of IT and communications services to small businesses, today announced it has been selected as a 2011 Georgia Fast 40 Company by the Atlanta chapter of the Association for Corporate Growth® (ACG Atlanta). Each year, ACG Atlanta honors Georgia-based middle market companies that demonstrate the greatest growth in revenue and employees over the past three years.
"It is estimated that nearly 2,000 middle market companies are currently operating in the state of Georgia," said Greg Cinnamon, ACG Atlanta Fast 40 Chairman and Kilpatrick Townsend & Stockton Partner. "Awards are presented to the top 40 middle market companies with revenues between $15 million and $500 million that have experienced the most substantial growth in revenue and employment."
Since Cbeyond's inception in 2000, it has experienced consistent revenue and employee growth year over year. In 2010, Cbeyond experienced a more than nine percent revenue growth and increased its headcount nine percent since 2009. Along with the consistent revenue and employee growth, Cbeyond expanded its market footprint into Boston in 2010. Furthermore, Cbeyond added cloud services to its product portfolio with the acquisition of two companies in November 2010.
"Despite the struggling economy, Cbeyond has been able to maintain steady, organic growth since its inception," said Jim Geiger, Cbeyond's Chief Executive Officer. "We are honored to be recognized as a Georgia Fast 40 Company again this year because it is a testament to the hard work of our employees."
Cbeyond will receive its award at ACG Atlanta's Georgia Fast 40 Annual Dinner Gala on June 30, 2011, at the St. Regis Hotel in Buckhead. All recipients of this year's Georgia Fast 40 Company award will be featured in a special supplement to the July issue of Georgia Trend magazine.
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About ACG Atlanta
ACG Atlanta is the 500-member strong local chapter of Association for Corporate Growth® (ACG), the global community for middle market M&A dealmakers and business leaders focused on driving growth. ACG has grown to more than 14,000 members organized in 56 chapters throughout North America, Europe and Asia. ACG Atlanta members are business leaders and decision makers drawn from corporations, private equity, finance, and professional service firms. To join ACG Atlanta or to learn more about the outstanding events, programs and awards that are offered throughout the year, please visit www.acg.org/Atlanta.
Cbeyond, Inc. (NASDAQ: CBEY) is a leading provider of IT and communications services to more than 58,000 small businesses in the U.S. Serving growing entrepreneurs, Cbeyond offers more than 30 productivity-enhancing applications including local and long-distance voice, broadband Internet, mobile, BlackBerry®, voicemail, email, Web hosting, fax-to-email, data backup, file-sharing, and virtual private networking. In addition, Cbeyond's Cloud Services division offers virtual and dedicated services and cloud PBX to small businesses worldwide. Recently, the Cloud Services division won Microsoft's Hosting Partner of the Year Award for 2009 and 2010 in connection with Microsoft's Hyper-V Server product. Winning more than 50 awards for product innovation, growth and a quality customer experience, Cbeyond focuses on helping small businesses succeed and grow through high-performance technology, superior services and world-class support. For more information on Cbeyond, visit www.cbeyond.net and follow Cbeyond on Twitter: www.twitter.com/Cbeyondinc.
Annette Filliat Davis, 404-929-0091, ext. 209
Source: Cbeyond, Inc.
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