Inc. Magazine recognizes ODIN as top growing RFID Company
Posted by Bret Kinsella on Wed, Sep 02, 2009
ODIN places in Top 20% of 2009 Inc. 5000
Ashburn, VA - ODIN, the global leader in packaged RFID solutions, was recognized by Inc. Magazine as one of the fastest growing companies in the country. ODIN was not only the top ranked RFID Company on the prestigious list but also one of the top technology companies. ODIN was ranked 74th in the Washington, DC area, 888 in the USA, out of 5,000 selected. Other notable RFID companies who also made the list include Xterprise, Barcoding Inc, and CSI. ODIN only reported domestic USA financial results and not results from European affiliates.
"One of ODIN's core ideologies is to create Supremely Satisfied ClientsTM. This is at the nucleus of everything we do. Because of the focus on the client we have grown faster than any other RFID company," commented Patrick J. Sweeney II founder of ODIN. He added, "I personally want to thank all of our great clients for helping us expand with such velocity."
"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..." said Inc. 5000 project manager Jim Melloan. "That's why our list is so eagerly anticipated every year."
ODIN is headquartered in Ashburn, VA and focuses on the key verticals Government, Healthcare, Aerospace, and the ITAsset tracking. The company has offices in Dublin, Ireland, Budapest, HU and full time employees in Toulouse, France to serve a growing European client base.
The Hottest Regions for Fast-Growing Companies
Once again, California tops the Inc. 5000 with the most companies of any state with 612. The Golden State is followed by Texas (393), New York (316), Florida (263), and Virginia (261). All 50 states, plus Washington, D.C., and Puerto Rico, are represented on this year's list.
New York boasts 371 Inc. 5000 companies, making it the top metropolitan area, followed by Washington, D.C. (317), Los Angeles (253), Atlanta (209), and Chicago (203).
The Inc. 5000 at a Glance
Bolstered by this year's No. 1 company, Northern Capital Insurance, Insurance emerged as the top industry, with an average growth rate of 667 percent. Other strong performers include Energy (523 percent) and Government Services (491 percent).
In total, the companies on the Inc. 5000 have created more than 1 million jobs. Health is the top employer with 156,223 jobs, followed by Business Products & Services (122,911), IT Services (89,632), Food & Beverage (86,572), and Construction (65,494).
IT Services had the most companies on this year's list with 658, followed by Business Products & Services (502), Advertising & Marketing (398), Construction (354), and Manufacturing (342).
Topping this year's list is Northern Capital Insurance, a Miami-based firm that is helping to revolutionize Florida's ailing insurance industry. The company generated $95 million in revenue in 2008 and an impressive three-year growth rate of 19,812 percent.
The top woman-owned company is P3S (No. 17 overall), a San Antonio-based firm that provides IT network security and physical security services, mostly to the Defense Department. P3S, owned by Mary Ellen Trevino, recorded revenue of $13.5 million in 2008 and a three-year growth rate of 5,898 percent. The top minority-owned company is Harley Stanfield (No. 3 overall), a Washington, D.C.-based real estate investment firm that buys existing properties, makes them energy efficient, and then resells them as investment properties. Harley Stanfield, founded by Cedric Franklin, posted revenue of $38.4 million in 2008 and a three-year growth rate of 13,350 percent.
The Inc. 5000 posted an aggregate revenue of $214 billion in 2008, up nearly 16 percent from the previous year. The top five industries by total revenue include Health ($22.7 billion), Business Products & Services ($19.6 billion), Construction ($18.8 billion), Energy ($14.7 billion), and IT Services ($13.2 billion).
Methodology
The Inc. 5000 is ranked according to percentage revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they have to be U.S.-based, privately held, for profit, and independent -- not subsidiaries or divisions of other companies -- as of December 31, 2008. Revenue in 2005 must have been at least $200,000, and revenue in 2008 must have been at least $2 million. The top 10 percent of companies on the list comprise the Inc. 500, now in its 28th year.