Cascades Technologies, Inc. (CTi), an SBA 8 (a) federal government IT services company, announced today that it was named to the Inc. 500 list of fastest-growing private companies. The company was ranked 358th in a field of 500, with three-year sales growth of 374%.

"We are extremely pleased at having received this prestigious award from Inc. magazine," said Alfredo Casta, Cascades Technologies' President. "This helps to confirm the power and effectiveness of our strategy of staying focused on our customers' needs, delivering what we promise and making sure what we deliver actually satisfies their requirements."

"When you look at the amazing job growth among Inc. 500 companies and contrast it with the stagnation in the Fortune 500, it underscores the changing nature of our economy," said Jim Melloan, project manager for the Inc. 500. "With unprecedented global competition, companies have to be able to turn on a dime and discover innovative new ways of doing business. Increasingly, it's the smaller, agile companies like those on the Inc. 500 that are best equipped to meet these challenges."

The Inc. 500 ranks privately held companies according to year-over-year sales growth from 2001 to 2004. With approximately 75% of all new job creation in the U.S. coming from entrepreneurial businesses, the Inc. 500 opens a window onto the companies and industries that are driving the economy forward. Over the years, the Inc. 500 has identified the next generation of world-class companies, with Microsoft, Timberland, Oracle, Gateway, E*Trade, and Domino's Pizza all appearing on the list before they became industry powerhouses.

To be eligible for this year's Inc. 500, companies had to be U.S.-based, independent and privately held through their fiscal year 2004, and have had at least $500,000 in net sales in the base year of 2001. In addition, their 2004 sales had to exceed 2003 sales. Companies are ranked on cumulative three-year sales growth from 2001 to 2004. Inc. verifies all information using tax forms and audited financial statements from certified public accountants and by conducting interviews with company officials.

Cascades Technologies, Inc. is a customer-focused, results-driven technology company that specializes in application development and systems integration, security solutions, and other professional services. CTi uses proven methodologies and technologies to deliver solutions that meet the specific operational requirements of its customers, on-time and within-budget. As an 8(a) certified, minority-owned business, (CTi's primary customer base is the civilian federal government and they are listed on the GSA schedule.

<< Back to News & Events