LOS ANGELES, Aug. 20 /PRNewswire/ -- TelePacific Communications, a leading provider of business telecommunications network solutions serving customers in Nevada and California, today announced it has been named one of Inc. Magazine's 2009 "Fastest Growing Private Companies in America." The rankings are based on TelePacific's impressive 159.8% revenue growth from 2005 through 2008. 2009 marks the third consecutive year TelePacific is named to the Inc. Magazine list.
"If you want to know which companies are going to change the world, look at the Inc. 500," said Inc. editor Jane Berentson. "These are the most dynamic, fast-growth companies in the nation, the ones finding innovative solutions to problems, creating smart systems, and inventing products we soon discover we can't live without. The Inc. 500 list is Inc. Magazine's tribute to American business ingenuity and ambition."
TelePacific ranked highly on several category lists, including:
"TelePacific has experienced consistent growth since our founding in 1998, and we are honored to be recognized for our outstanding year-over-year growth," said Dick Jalkut, president and CEO of TelePacific. "We are constantly working to exceed our customers' expectations and we look forward to continuing to provide reliable, high-quality services and support."
TelePacific has even continued to grow in an economy when competitors are struggling. The company made significant upgrades to two of its signature products: 1Net IP VPN, which provides an efficient, high-performance private communications network without the need for encryption; and SmartVoice, which offers traditional and next-generation network connections with dynamic voice and data integration. TelePacific is the number one competitor to Verizon, AT&T and CenturyLink. It boasts customer satisfaction levels ranking in the 90th percentile, with more than 2,000 customers surveyed each month by an independent firm.
The companies that made the list reported aggregate revenue of $18.4 billion, up more than 34 percent from last year. Most important, the 2009 Inc. companies were engines of job growth, having created more than 55,000, with Telecommunications only second to Government Services in the number of jobs created. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc500.com.
The 2009 Inc. 5000 list measures revenue growth from 2005 through 2008. To qualify, companies must be U.S.-based and privately held, for profit, independent - not subsidiaries or divisions of other companies - as of December 31, 2008, and have had at least $200,000 in revenue in 2005, and $2 million in 2008.
About TelePacific Communications
TelePacific Communications is a competitive carrier that serves customers throughout California and Nevada. Headquartered in Los Angeles, the Company is the leading competitive carrier in its footprint, with customer care centers in Los Angeles and Stockton in California and Las Vegas in Nevada. In business since 1998, TelePacific provides services through a combination of TelePacific-owned switches and network infrastructure, including its own and leased robust fiber-optic network assets. Offering local and long distance voice, dedicated Internet access, private networking and data transport services as well as bundled voice and Internet solutions and wholesale services, TelePacific manages more than 50,000 customer accounts with more than one million access lines in service. For more information, visit www.telepacific.com.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (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. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.