Aug. 17 /PRNewswire/ -- Fellowship Technologies is proud to have been named to the 2009 Inc. 5000. Every year Inc. magazine creates a comprehensive list ranking American entrepreneurs and the nation's fastest-growing private companies. Today, Inc. ranked Fellowship Technologies 1,687 on the list of 5,000 for 2009, placing them with such prominent and progressive companies as Vizio and GoDaddy.
About Inc. Magazine and the Inc. 5000 Methodology
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (http://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. The Inc. 5000 is an annual list with businesses ranked according to percentage revenue growth from 2005 through 2008. 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. Additionally, they have to be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2008. Revenue in 2005 must have been at least $200,000, and revenue in 2008 must have been at least $2 million. The top 10 percent of companies on the list comprise the Inc. 500, now in its 28th year.
2009 Inc. 5000
The 2009 Inc. 5000, unveiled today 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.
About Fellowship Technologies
Founded in 2004, Fellowship Technologies became a pioneer in the church market with their flagship product, Fellowship One. Through the power and ease of use of the product, Fellowship Technologies has been able to provide solutions that help dynamic churches of any size to effectively care for people, efficiently manage resources, and enable real growth. Today, Fellowship One is the leading 100% web-based church management software used by ministries around the world, ranging from new church plants to mega-sized, multi-site churches. Expanding from one client and seven staff members, Fellowship Technologies now boasts over 1,100 church and non-profit organizations as clients and over 70 employees on staff. The company has seen an astonishing 189.4% growth from 2004 to 2008 when the 2009 Inc. 5000 ranking was compiled and business projections show that growth is not slowing down.
For more information, visit http://www.FellowshipTech.com
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For further information: contact Anthony Coppedge, Director of Communications, Fellowship Technologies, acoppedge@fellowshiptech.com, 469-442-0100.
