ROLLING MEADOWS, Ill.--(BUSINESS WIRE)--Inc. magazine ranked RF IDeas No. 1712 on its fifth annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs.
Companies are ranked according to the percentage growth of their annual revenue over a three-year period. RF IDeas Inc. has shown an impressive growth rate of 156% and increased revenue of $8.6 million dollars from 2007 to 2010, ranking the company No. 9 in computer hardware, No. 61 in Chicago area, and No. 1712 overall on the Inc. 5000 list.
“RF IDeas is more than state-of-the-art products,” said Richard Landuyt, President of RF IDeas. “RF IDeas is a combination of strategic implementation and cutting edge technology with a team committed to excellence and loyal partners who rely on RF IDeas to deliver the most innovative solutions. We are very excited to be recognized on the prestigious Inc. 5000 list.”
"Now, more than ever, we depend on Inc. 500|5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. magazine Editor Jane Berentson.
Overall, median growth rate of the 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
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 at www.inc.com/5000.
About RF IDeas
RF IDeas, founded in 1995, is the innovator of WaveID, the new standard for badge-based authentication and identification solutions powered by RF IDeas readers. Under the WaveID umbrella, RF IDeas designs, delivers, and manufactures card readers that support nearly every proximity, contactless, and magnetic stripe card in use worldwide. RF IDeas readers come in many form factors and are used in numerous applications and OEM solutions including: multi-function printers, kiosks, building and door access, point-of-sale and computer logon. In addition to card readers, RF IDeas offers Wiegand converters and Software Developer’s Kits. Inc. magazine ranked RF IDeas No. 1712 on its 2011 Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. To view a variety of applications used with RF IDeas card readers, visit www.youtube.com/RFIDeas. For further information please email: sales@RFIDeas.com and connect via social media at: www.Facebook.com/RFIDeas and www.Twitter.com/RFIDeas.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.