techDaily.info :: Infinity Software Development Makes INC 500

Monday, January 05, 2009

Infinity Software Development Makes INC 500

Posted: 10/9/2002

Posted By:	Infinity Software Development		Contact:	Vivian Myrtetus
Phone:	850-383-1011		Email:	myrtetusv@infinity-software.com

TALLAHASSEE, Fla., October 9, 2002 - Infinity Software Development Inc., an IT consulting and software development firm, based in Tallahassee, Fla., has been named one of America's entrepreneurial growth leaders by Inc magazine, which today released its 2002 ranking of the nation's fastest growing private companies. The company ranked number 486th nationally, and is one of only 31 companies in the state of Florida on this year’s list.

Infinity Software Development achieved some 459 percent revenue growth in the past five years. The company’s services include business analysis, custom software development, project management, staffing, data management and creative services.

"It is exciting and gratifying to be included in Inc magazine's extremely prestigious ranking," said Thomas F. Lynch, President and CEO. "It shows the spectacular results that may be achieved through focus and teamwork."

Started in 1982, the Inc 500 ranks the nation's leading entrepreneurial firms according to sales growth over the previous five years. Former Inc 500 companies that have gone on to become household names include Microsoft, Timberland, Domino's Pizza and Patagonia.

The 2002 Inc 500 reveals a surprising resiliency within the entrepreneurial sector, where leading companies are continuing to show dramatic rates of growth despite the recession. "Computer Software & Services" remains the leading industry category, representing nearly 40% of firms on the list.

"This is the first Inc 500 ranking to reflect the full impact of the recession," said Inc editor John Koten. "Yet these entrepreneurs are managing to confound the naysayers and move ahead despite the obstacles. They're showing that smart strategies can succeed even in the toughest of times."

To be eligible for this year's Inc 500, companies had to be independent and privately held through their fiscal year 2001, have at least $200,000 in sales in the base year of 1997, and their 2001 sales had to have exceeded 2000 sales. Holding companies, regulated banks and utilities are not eligible. Inc verifies all information using tax forms and financial statements from certified public accountants and by conducting interviews with company officials.

Additionally, Infinity Software Development recently received an “outstanding” ranking in an independent evaluation by Dun & Bradstreet. In 2001, the company was named one of the top 25 High-Tech businesses by Florida Trend Magazine and was recognized as one of the fastest-growing private companies in Florida by the University of Florida's Warrington College of Business.

About Inc Magazine

Inc, the premier magazine for growing companies, may be accessed online at www.inc.com. The magazine is owned by Gruner + Jahr USA, one of the top?ranked magazine publishers in the U.S., reaching one of the largest readerships in America.

About Infinity Software Development

Headquartered in Tallahassee, Fla., Infinity Software Development is an IT consulting and software development firm with clients in the private and public sector. The company’s services include business analysis, custom software development, project management, staffing, data management and creative services. For the third consecutive year, Inc magazine recognized Infinity Software Development as one of the fastest-growing companies in the country. In addition, the company received an “outstanding” performance evaluation rating from Dun & Bradstreet.

For more information, call (850) 383-1011 or visit www.infinity-software.com.

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