M5 Networks Named to 2006 Inc. 500 List of Fastest-Growing Private Companies in America
Hosted VoIP service provider ranked No. 272 on annual list with three-year sales growth of 491.2%
New York – M5 Networks, one of the country’s leading outsourced IP phone system providers, announced that it ranked No. 272 on Inc. magazine’s 25th annual Inc. 500 list of the fastest-growing private companies in the country, with three-year growth of 491.2 percent.
"It is an honor to be counted by Inc. magazine among the most innovative and dynamic privately-held companies in the nation," said Dan Hoffman, President & CEO of M5 Networks. "Being named to the Inc. 500 list marks an important milestone in our company’s growth and further validates our cutting-edge business model and market leadership position. Furthermore, our Inc. 500 ranking reflects our employees’ hard work and dedication to distinguishing M5 from other telecommunications service providers by demonstrating and delivering the highest level of trustworthiness and service quality to our clients. As a result, we are well-poised to continue growing steadily as we scale up to meet the important phone system needs of small businesses throughout the country."
Since M5’s inception in 2000, the company has grown its business at a rapid pace by relentlessly focusing on addressing its clients' true need – a rock-solid phone system that they don’t have to worry about managing. The flexibility and power of VoIP technology allows M5 to eliminate the on-site phone system (Private Branch Exchange or PBX) altogether, making it possible for fast growing small businesses to take advantage of the same technology their larger competitors are using. Turning to an outsourced, or hosted, VoIP phone system also saves M5’s clients both money and time by reducing operational costs and management headaches, enabling them to focus instead on their core business.
“If you want to find out which companies are going to change the world, look at the Inc. 500,” said Inc. Editor Jane Berentson. “These are the most innovative, dynamic, fast-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can’t live without. The Inc. 500 list is Inc. magazine’s tribute to American business ingenuity and ambition.”
M5 is one of 17 New York City-based companies added to the list for the first time in 2006. This year’s biggest gainer, the New York metropolitan area is now represented on the Inc. 500 list by a total of 42 of the country’s fastest-growing companies, making it a close second behind Washington, D.C. for hottest metropolitan area on the list.
M5 is also one of the telecommunications industry’s 27 companies to make the list. These companies survived what one CEO calls telecom’s “nuclear winter,” which lasted from 2000 to 2003.
The 2006 Inc. 500 list measures revenue growth from 2002 through 2005. To qualify, companies had to be U.S.-based, privately held independent -- not subsidiaries or divisions of other companies -- as of December 31, 2005, and have at least $600,000 in net sales in the base year.
Inc., http://www.inc.com, the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Inc., a Mansueto Ventures LLC publication, inspires and informs, with cutting-edge coverage that reflects our readers' energy, brashness, and imagination.
About M5 Networks
M5 Networks is one of the country’s leading outsourced IP phone system providers. By outsourcing to M5 instead of buying another phone system and signing more local and long distance contracts, businesses save valuable time and hard dollars. M5 was founded in 2000 by the same management team that ran Interport Communications, the ISP pioneer for New York businesses. M5 builds on that legacy by continually innovating to improve its outsourced phone system solution, which is delivering measurable ROI to companies in all industries. M5's core technology partners include Cisco, Verizon, AboveNet, Internap, Qwest, Broadwing and Tekelec.
Recognized as a leading company in the VoIP industry, M5 has been named to the Pulver 100 list as a Communications Growth Company for four consecutive years (2002-2005), to FierceVoIP's annual Fierce 15 list in 2005 and to the VoIP Magazine 20: Companies to Watch in 2006 list. M5 also received Frost & Sullivan's 2004 Entrepreneurial Company Award and the 2004 and 2005 VoIP Service Provider Awards and the 2005 Best SMB VoIP Service Provider Award from INTERNET TELEPHONY Magazine. Small Business Technology Magazine named M5's Outsourced IP Phone System one of the finalists in its 2005 Product of the Year awards program.