RICHARDSON, TX – October 23, 2002 – InfoVision Consultants, Inc., a leading international IT and engineering services company, has been ranked No. 401 in the 2002 Inc 500 list of America’s fastest-growing private companies. InfoVision is one of only two companies based in Richardson’s Telecom Corridor and one of 19 companies headquartered in the Dallas Metroplex selected to join Inc 500′s elite group of prospering companies in 2002.
InfoVision Consultants was founded in 1995. During the past five years, the company has achieved 597 percent revenue gains, with sales growing from $1.3 million in 1997 to $9.3 million in 2001.
“The hard work and dedication of every InfoVision employee has led to our inclusion in Inc magazine’s prestigious ranking,” said Sean Yalamanchi, president and co-founder of InfoVision Consultants, Inc. “Our loyal client base, which includes companies such as Verizon, NEC America, BankOne and GE, has also played a vital role in our prosperity during the most challenging economic times.”
Despite the technology bust, computer software and services remains the leading industry category, representing nearly 40 percent of the firms on the Inc list. Surprisingly, average 2001 sales for the Inc 500 dropped only slightly, from $24,976,000 to $24,706,000.
“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.”
About Inc 500 To be eligible for Inc 500, companies have 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.
About InfoVision Consultants, Inc. InfoVision Consultants, Inc. is a global IT and engineering services company specializing in contract services, outsourcing and offshore development centers. InfoVision was founded in 1995 with its corporate headquarters in Richardson, Texas. InfoVision’s clients include such companies as Alcon, BankOne, Bayer, Citigroup, Enovia, GE, Marconi, NEC, Qwest, RadioShack, Sabre, Samsung, Sterling Commerce, TIBCO, Verizon and Weatherill Associates. For more information, contact InfoVision at (972) 234-0058 or visit www.infovision.net.
800 E. Campbell Road, Suite 388
Richardson, Texas 75081.
tel: (972) 234-0058
fax: (972) 234-5732
Veronica P. Thomison
MPR Source, Inc. for InfoVision Consultants, Inc.