HOUSTON, Sept. 27 /PRNewswire/ -- MEI Technologies, Inc. (MEIT) announced today that Inc. magazine ranked the company No. 3802 on its fourth annual Inc. 5000 list, an exclusive ranking of the nation's fastest-growing private companies. The list represents a comprehensive look at the most important segment of the economy – America's independent-minded entrepreneurs.
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MEI Technologies' ranking was based on a 39% growth rate over the three-year period from 2006-2009 with last year's revenues totaling $141.8 million. Derived from the Inc. 5000 list, the technology company ranked No. 301 among the top 500 government services businesses in the U.S.
"MEI Technologies is honored to be part of such an elite list of diverse private companies that continue to be the backbone of our economy," said CEO Ed Muniz. "We are thankful to be recognized for our company growth rate, especially given the current economic climate."
"The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs."
Despite the fact that most of this year's measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year's 126 percent. This year's Inc. 5000 employ a record 1.4 million people, up from one million on last year's list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.
Complete results of the Inc. 5000 can be found at www.inc.com/5000.
About MEI Technologies, Inc.
MEI Technologies, Inc. (MEIT) is a nationwide technology company providing best-value services and development support in applied engineering, IT/cyber security, and research and development to public and private sector companies worldwide. The company employs more than 800 employees in seven states with 2009 revenues exceeding $140 million. Recently ranked as a Space News Top 50 Space Industry Manufacturing and Services company, MEIT continues to evolve through organic growth, joint ventures and strategic investments.
SOURCE MEI Technologies, Inc.
For further information: Deanna Wilke of Griffin Communications Group, +1-832-864-7227, deanna@griffincommgroup.com, for MEI Technologies
