A look at Philly-area companies on the Inc. 5000
The 2011 Inc. 5000 is out, and here is a list of the top Philly area companies on it.
I always look at this with a grain of salt, because there are a number of ways in which a young company can generate a great deal of revenue quickly without necessarily building a sustainable business. Revenue does not always correlate with profit. But it does provide a good benchmark for measuring the progress of some of the most promising tech startups in the area.
re2g of Doylestown (formerly Solardelphia), which installs residential solar systems, was the top Philly area company - and 24th nationally. It was followed by a Philly-based company named Leadnomics, which as its name implies is in the online lead generation business for financial institutions, online schools, and insurance companies.
NextDocs of King of Prussia, which just received a large round of funding that I wrote about earlier this week, was third (it was first last year). NextDocs' revenue grew over 3,000% during the past three years to $9.8 million in 2010. It ranked ninth among all software companies.
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