Pierpont Communications, Inc.

 

 

HOUSTON, August 12, 2009 -- Inc. magazine today ranked Pierpont Communications 3503 on its third annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents a comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs.

 

“We’re proud to be named to the Inc. 5000 list for the third year in a row,” said Phil Morabito, CEO of Pierpont Communications. “Our commitment to uncovering potential in an uncertain economy has paved the way for continued success. I attribute our achievements to the good work of our employees, and to the relationships we’ve built with our clients.”

 

Since its founding in 1987, Pierpont Communications has provided clients with a full-range of public relations, public affairs, marketing and investor relations services. By implementing creativity, extensive experience, rapid response and a targeted, marketing-based approach, Pierpont continues to help businesses, organizations and individuals develop and maintain their competitive advantage.  

 

“Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate,” said Inc. 5000 project manager Jim Melloan. “That’s why our list is so eagerly anticipated every year.”

 

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.

 

This year’s list also offers a preview of which industries are poised for growth in coming years. With an average growth rate of 667 percent, Insurance ranked as the top industry overall. Government Services was the top industry gainer with 252 companies on this year’s list, up from 135 last year. Health is the top industry by both total revenue ($22.7 billion) and total employment (156,223 jobs).

 

 

The Inc. 5000 is 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.

 

Pierpont Communications is the largest independent communications firm in the Southwest. Through its offices in Houston, Austin, Dallas and San Antonio, Pierpont offers a full spectrum of public relations, marketing, civic engagement and investor relations services. Visit www.piercom.com for more information.

Each year, Inc. and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars—the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. 5000 community, both a new class of Inc. 5000 honorees and the list’s alumni, for three days of powerful networking, inspired learning, and momentous celebration.

 

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