InterceptEFT® Ranks No. 3359 on the 2009 Inc. 5000 with Three-Year Sales Growth of 75%New York, (August 17, 2009) - Inc. magazine ranked InterceptEFT in Fargo, ND number 3359 on its third annual Inc. 5000, 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-minded entrepreneurs. Consumer electronics maker Vizio, Internet giant GoDaddy, rental car service Zipcar, and beverage maker Honest Tea are among the prominent brands featured on this year's list.
"Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate," said Inc. 5000 project manager Jim Melloan. "That's why our list is so eagerly anticipated every year."
InterceptEFT has provided fast, accurate and compliant electronic transaction solutions since 1993. InterceptEFT offers ACH, check and credit card processing to 45,000 corporate clients across the United States. InterceptEFT streamlines financial transactions for businesses in many industries such as Retail, Medical, Health Clubs, Accounting, Financial Service Agents, Community Banks and Payroll Providers.
"InterceptEFT is an industry leader in transaction processing and sets a standard by continually practicing 'best business practices'," says Bryan Smith, President and Co-Founder of InterceptEFT. "By embracing change, and addressing upcoming regulations on a consistent basis, InterceptEFT is able to continue offering competitive pricing, expand our product offerings and enhance our system reliability to our customers. This keeps us growing year after year."
The 2009 Inc. 5000, unveiled on Inc.com, serves as 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. 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 on Inc.com.
This year's list also offers a preview of which industries are poised for growth in coming years. With an average growth rate of 667 percent, Insurance ranked as the top industry overall. Government Services was the top industry gainer with 252 companies on this year's list, up from 135 last year. Health is the top industry by both total revenue ($22.7 billion) and total employment (156,223 jobs).