Aug. 18 /PRNewswire/ -- Inc. magazine today ranked IBT Holdings, a provider of design, construction, and business consulting services to financial institutions and specialty retailers, number 1,840 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.
"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."
In a year when the banking and construction industries saw huge contractions, IBT Holdings was able to remain profitable. As record losses and bankruptcy became common in the financial industry, IBT Holdings saw revenue grow by several million dollars in 2008, and it also achieved the company's highest annual revenue. In the past year IBT Holdings has broadened its customer base as well as its service offering.
"Despite tough economic times, IBT Holdings has continued to achieve impressive business results," said Mylle Mangum, chairman and CEO of IBT Holdings. "Prior to the financial industry downturn we made a strategic decision to focus our sales efforts on community banks and credit unions that are historically known for making less risky bets. That decision paid off as we were able to grow our annual revenue to never-before-reached levels in 2008."
The 2009 Inc. 5000 serves as a unique report card on the U.S. economy. 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.
This recognition follows Mangum being named the Ernst & Young Entrepreneur of the Year(R) 2009 in the Alabama/Georgia/Tennessee region. Mangum is now eligible for consideration for the Ernst & Young Entrepreneur of the Year 2009 national program.
For more information about IBT Holdings and its suite of design, construction and consulting services for the financial services and specialty retail industries, visit www.ibtenterprises.com.
About IBT Enterprises
IBT Enterprises, an IBT Holdings company, is a leading source of forward-thinking designs and ideas in the arena of financial services and specialty retail. Over its 24-year history, the company has consulted to more than 190 retail and 550 financial services clients on the development of thousands of workspaces. IBT offers a comprehensive range of integrated services, including retail distribution strategy, market research, space planning, design and construction, performance training and coaching. IBT is a certified Woman Owned Business Enterprise and a member of the U.S. Green Building Council. For more information about IBT Enterprises visit www.ibtenterprises.com.
For further information: contact Brian Boudreaux, Arketi Group, 404-929-0091 x211, bboudreaux@arketi.com.
