Inc. released their annual list of the fastest growing privately held companies in the nation, giving InterWorks Inc. a high ranking for the second year in a row.
InterWorks Inc. showed 326.5% revenue growth during this time period, giving it an overall rank of 6th in Oklahoma and 933rd nationally. During this time, InterWorks Inc. increased their employees to 57. According to Inc.com, InterWorks’ current growth rate is nearly 10 times the industry benchmark.
Last year’s Inc. 5000 list placed InterWorks at 6th in the state and 1063rd nationally with 34 employees and a 352.4% growth rate.
When asked about the company’s growth, Behfar Jahanshahi, InterWorks Inc. CEO, had this to say “Growth isn’t our goal, it’s a byproduct of hard work and the relationships we have built with both our clients and employees.” He also noted that the company’s growth has been organic and carefully planned, without acquisitions.
Inc. said in this year’s press release that the list is “…a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 are responsible for creating more than 1 million jobs since their founding, making the list perhaps the best example of the impact private, fast-growing companies can have on the economy.”
According to the company’s website:
Founded in 1996, InterWorks Inc. is an Oklahoma-based company with representatives across the United States and the world. InterWorks, Inc. started with computer networking and technical support services, quickly growing with the needs of existing and new clients – expanding into software development, web services and online marketing. InterWorks, Inc. is now a full service technology provider and regionally respected IT outsourcing firm.
The 2009 Inc. 500|5000 is a national list of privately held companies ranked according to revenue growth from 2005 to 2008. According to Inc.com, “To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales… Revenue in 2005 must have been at least $200,000, and revenue in 2008 must have been at least $2 million.”
More information on Inc. and the Inc. 5000 list can be found here: http://www.inc.com/inc5000/2009/press.html