CHICAGO [August 24, 2011]—Nitel, Inc., a nationwide provider of telecommunications network services, has been ranked among America’s fastest growing private companies for the third consecutive year. Earlier this week Inc. magazine released its annual Inc. 500/5000 list, which Nitel made as a result of its 109% growth over the past three years.
“We have worked tirelessly to create value for our clients through continued product and service development,” said CEO Rick Stern. “We have always believed that our success has been driven by our unique products and top-notch service. While we are honored to be recognized by Inc., what really excites us is that our clients continue to see the benefit in what we do for them.”
Earlier this summer, Nitel was named to two other lists recognizing high-growth companies. Crain’s Chicago Business acknowledged Nitel’s five-year growth rate of 1,065% in its annual Fast Fifty list as the 11th highest rate in the Chicago area. Fortune and CNN Money also reported research done by the Initiative for a Competitive Inner City (ICIC) which listed Nitel’s growth as the 7th fastest among companies based in inner city areas.
The full Inc. 500/5000 list can be view via Inc.’s Web site.