Nitel is the fifth fastest-growing company in Chicago for second consecutive year
Nitel, also an Inc. 500 company, has been consistently named among the fastest growing companies in Chicago and the nation based on its financial performance over the past several years. In addition, Chief Executive Officer Rick Stern has been named a finalist for the 2010 Ernst & Young Entrepreneur Of the Year® Award in the Midwest.
Crain’s cited Nitel’s five-year revenue growth of 3,337 percent in placing the company No. 5 on this year’s Fast Fifty list. Nitel’s growth is mainly a result of the company’s focus on rural telecom services.
“In the very competitive telecommunications business, we have made a conscious effort to focus on the harder-to-reach areas,” Stern said. “Our staff offers deep knowledge of the telecom industry and rural connectivity to offer customers network solutions for their unique requirements. We are proud to once again achieve this recognition, which reaffirms the strength of our commitment to serving our customers’ needs.”
“Our whole Nitel team contributes every day to earning this type of accolade,” Chief Operating Officer Ron Grason added. “Within the past year, we have refocused our sales and marketing strategies, added an account relations management function and increased our provisioning capabilities to continually enhance service to customers.
”The Crain’s Fast Fifty is comprised of companies with headquarters in the six-county Chicago metro area (Cook, DuPage, Kane, Lake, McHenry and Will) with 2009 revenue of at least $20 million. For more details and the full list, see the Crain’s Web site.