Evocative, Inc., a San Francisco Bay Area-based colocation and managed services provider, today announced that it has been named to Inc. Magazine's prestigious Inc. 5000 List of Fastest Growing Private Companies in America for the third consecutive year.
"Placing on the Inc. 5000 for the third year in a row is a huge honor for us, a great mark of distinction, and a great acknowledgement of our hard work," says Patrick Rigney, Evocative's CEO. "We've closed a lot of new business because of our exceptional technical abilities and a lot of careful management. We have the ability to really help clients fill gaps in their technical skills, or get through a shortage of resources. Most of our competitors can't or just aren't willing to do this. In this economy, our clients need to make the most of every vendor relationship, so being able to step up for them and give them more has been great for everyone."
Despite the fact that most of this year's measuring period of 2006-2009 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50 percent from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96 percent from last year's 126 percent. This year's Inc. 5000 employ a record 1.4 million people, up from one million on last year's list. With unemployment remaining stubbornly high, policymakers and business leaders will do well to look to the Inc. 5000 companies for fresh ideas on achieving growth and creating jobs.
"Clearly, the companies that are making the list, and especially the ones like us that are appearing on it consecutively, are watching their markets closely and taking in the bigger picture," says Rigney. "You have to adapt. That's the hardest part of any business, because there's a natural temptation to stick with a formula when it starts to make you successful. If the current economy has shown us anything, it's that market conditions can change quickly. Staying alert and light on our feet with our decision-making processes, growth strategies, and customer service practices has lead us to great results."
