BOSTON: Five PR firms have made the Inc magazine annual 500 list of
fastest-growing privately owned companies.
The list, released last week, is dominated by service firms that were
the main beneficiaries of the internet boom.The list was started in
1982, and is intended to highlight the nation's most entrepreneurial
Among the top-ranking PR firms are Strategy Associates, which ranked
highest, at number 218. Others included PepperCom at 233, Springbok
Technologies at 311, Metzger Associates at 434, and Pier-point
Communications at 467.
James Clark, president of Metzger Associates, said, "We had submitted
our clients and thought we could make it too." The firm achieved 677%
growth over the past five years, with revenues of $3.4 million in
The number-one company, High Point Solutions of New Jersey, achieved
huge growth selling hardware for computer networks. The company grew
30,000% in the past five years from $200,000 in revenue in 1996
to $60 million in 2000.
Metzger's Clark explained that because the list reflects companies' 2000
figures, many of the same companies might not be mentioned next
Clark projected that biotech and security firms might dominate next
Inc editor-in-chief George Gendron said in a release, "The Inc 500 gives
America a window on the future - which companies will be the Microsofts
and Timberlands of tomorrow."