Data Center Operator and Interconnection Leader Makes List of Fastest-Growing Private Companies for Second Consecutive Year with Three-Year Growth Rate of 156 Percent
New York, NY, October 10, 2011 -- Telx®, a leading interconnection and data center provider in strategic North American markets, today announced that for the second consecutive year, Inc. magazine has named the Company to its annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. Ranked this year at No. 1711, Telx joins Spirit Airlines, television maker Vizio, Honest Tea and Dunkin Donuts, among other prominent brands featured on this year’s list.
“Service providers, cloud computing providers, financial markets firms, content providers and enterprise networks need a trusted partner to safely house their infrastructure and provide the widest choice of low-latency connectivity options to move high volumes of mission-critical data,” said Eric Shepcaro, CEO of Telx. “Telx was founded on the value of these communities and interconnecting them – the ability for literally hundreds of disparate networks to connect and communicate with one another through a simple cross connection. It’s that model that helps us continue to add new colocation customers as well as new services in expanding data center locations.”
In a stagnant economic environment, median growth rate of 2011 Inc. 5000 companies remains an impressive 94 percent. The companies on this year’s list report have created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
"Now, more than ever, we depend on Inc. 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.
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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. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue.
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 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
Telx is a leading provider of interconnection and data center services in strategic, high demand North American markets. With 15 premier facilities, Telx increases speed to market and reduces connectivity costs by providing direct connections to a community of the industry’s highest performance networks and access to 950+ customers, including leading telecommunications carriers, ISPs, cloud providers, content providers and enterprises. Telx is a privately held company headquartered in New York City with four facilities in the New York Metro area, two facilities in Chicago, two facilities in Dallas, three facilities in California, (Los Angeles, San Francisco, and Santa Clara) and facilities in Atlanta, Miami, Phoenix and Charlotte, N.C. For more information about Telx, visit www.telx.com. Become a fan of Telx on Facebook at http://www.facebook.com/telxgroup. Interconnection. Data Centers. Community™.
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