ConServe Included in the Inc. 5000 List of America's Fastest-Growing Private Companies
- Monday, August 24, 2009
ConServe Ranks No. 2645 on the 2009 Inc. 5000 with Three-Year Sales Growth of 111.8%
Fairport, N.Y. - Inc. magazine ranked ConServe NO. 2645 on its third annual Inc. 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-minded entrepreneurs. Consumer electronics maker Vizio, Internet giant GoDaddy, rental car service Zipcar, and beverage maker Honest Tea are among the prominent brands featured on this year's list.
"Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate," said Inc. 5000 project manager Jim Melloan. "That's why our list is so eagerly anticipated every year."
"We're extremely excited to be included on this year's list," said Mark Davitt, President of ConServe. "Our growth is a true testament to our employees' continual commitment and passion for providing exceptional service to our Clients."
The 2009 Inc. 5000, unveiled on Inc.com, serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 are responsible for creating more than 1 million jobs since their founding, making the list perhaps the best example of the impact private, fast-growing companies can have on the economy. 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 on Inc.com.
This year's list also offers a preview of which industries are poised for growth in coming years. With an average growth rate of 667 percent, Insurance ranked as the top industry overall. Government Services was the top industry gainer with 252 companies on this year's list, up from 135 last year. Health is the top industry by both total revenue ($22.7 billion) and total employment (156,223 jobs).
ConServe is a leading provider of accounts receivable management and collection services specializing in customized solutions for colleges and universities, state guaranty agencies, and the U.S. Department of Education. ConServe's intense focus on customer service and the utilization of advanced technologies has helped ConServe achieve outstanding returns for its Clients.
ConServe is currently ranked as the #1 performing small business on the Department of Education's student loan collection contract. ConServe is the only small business contractor to have earned this very competitive distinction more than seven times with the U.S. Department of Education.
ConServe has also achieved the ACA International Professional Practices Management System (PPMS) certification. Currently less than 1% of the more than 6,000 collection agencies nationwide offer the benefits of this certification to their Clients. This designation is the collection industry's standard for quality management. Visit ConServe online at: www.conserve-arm.com.
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 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.