TEK Microsystems Named to The Prestigious Inc. 5000
Tekmicro Places Within Top 300 for Government Services Sector of Inc. 5000
Chelmsford, MA August 30, 2010 –TEK Microsystems, Incorporated, the leading supplier of Commercial Off The Shelf (COTS) FPGA processor solutions for defense and intelligence applications, has announced that it has been named to the prestigious Inc. 5000 list for 2010. Tekmicro achieved placement within the top 300 companies in the Government Services sector, the fastest growing sector on the list.
The Inc. 5000 is 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.
"The leaders of the companies on this year's Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs."
The 2010 Inc. 5000, unveiled recently on Inc.com, serves as a unique illustration of the profound changes taking place in the U.S. economy. The Government Services sector showed the biggest gain in terms of the number of companies on the list, up 33 percent from last year to 335 companies. Government Services was also the second-fastest-growing sector in terms of median revenue growth, posting a 202 percent gain over the 2006-2009 measuring period. More than half of these companies are based in Maryland, Virginia, and Washington, D.C.
“Despite a soft economy in many sectors, including the U.S. Defense markets, Tekmicro has seen growth in sales and profits. Sales in the U.S., Europe, and Australia have been strong and we anticipate a further strengthening in 2011,” comments Andrew Reddig, CEO/CTO of Tekmicro. “We credit our successes this year to our robust family of best-in-class signal acquisition and processing boards and systems that deliver unmatched signal integrity and high performance FPGA-based processing for both laboratory and deployed applications."
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 http://www.inc.com/5000.
About TEK Microsystems, Incorporated
Founded in 1981 and headquartered in Chelmsford, Massachusetts, Tekmicro designs, manufactures and delivers a wide range of advanced high-performance boards and systems for embedded real-time data acquisition, data conversion, storage and recording. Tekmicro provides both commercial and rugged grade products that are used in real-time systems designed for a wide range of defense, intelligence and industrial applications such as C4ISR, signals intelligence, electronic warfare and radar. For additional information see www.tekmicro.com.