South Jordan, Utah– Executech, a premier provider of managed IT services in the Intermountain West has been named to the 2018 Inc. 5000. The Inc. 5000 is a list of the 5000 fastest growing privately held companies in the United States. This is Executech’s 6th straight year being named to the list.
To determine what companies will make the list, Inc. analyzes tens of thousands of companies. The ultimate deciding factor is the revenue percent growth year over year. Therefore, the list doesn’t consider the actual overall size of the company. There are some basic standards that a company must meet to be considered for the list, but they are few.
Speaking on this honor, Executech CEO and founder Eric Montague said “We are honored and proud to have received this recognition. We are excited about the incredible growth we have had and will continue to have as we always put our clients and employees first.”
Executech has become the largest and most-awarded IT outsourcing company in Utah, servicing over 2,000 company networks in Utah, Arizona, Oregon, Nevada, Colorado, California, Idaho, and Washington. Since 2011, Executech has been averaging annual growth well over 50%, and now has over 120 employees. Executech’s gross revenue places it in the top 3% of IT outsourcing firms in the nation. This top percentage is shared by an exclusive group of companies that have earned $10 million in revenue or more.
The Inc. 5000 is a product of the company Inc. The company Inc. was started in 1979 in New York City and they publish monthly magazines that discuss small businesses and startups. In 1982 Inc. published the Inc. 500 list. The list recognized the 500 fastest-growing private companies in the United States. In 2007 they added a second list, the Inc. 5000 to include more companies. In 2015 they’ve created a third list, a European edition of the Inc. 5000. An annual conference is held by Inc. to honor all companies who make their lists.