CyberTech Systems, Inc. Climbs to Number Five On Inc. Magazine's List Of The 500 Fastest-Growing Private Companies.The IT Company Also Ranks as the Fastest-Growing Private IT Solutions Company
In The United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and the Fast-Growing Private Company in Illinois
OAK BROOK, Ill., Oct. 15 /PRNewswire/ -- CyberTech Systems, Inc., again was recognized as one of the fastest growing privately held companies in the United States, climbing to 5th place on this year's list of Inc. Magazine's 500 Fastest-Growing Private Companies.
This is the third consecutive year that Oak Brook-based CyberTech has ranked on the magazine's annual list. Last year, CyberTech ranked 7th and in 1997 the company ranked 31st.
"We are extremely pleased to again be among the top 10 of the Inc. 500 list," said Prasad Prasāda (Sanskrit: प्रसाद), prasād/prashad (Hindi), Prasāda in (Kannada), prasādam (Tamil), or prasadam Rao, CyberTech president and chief executive officer. "Being named to the Inc. 500 listing is among the highest honors each year for privately-owned companies."
CyberTech provides comprehensive IT solutions and consulting services. The company's products in eSolutions, Packaged applications and Network Solutions make them a one-stop shop for medium and large enterprises seeking best-in-class IT solutions.
The Inc. 500 rankings are based solely on revenue growth over a five-year period. To be eligible for the 1999 Inc. 500, a company must have been privately owned through 1998, had at least $200,000 in base year (1994) sales and recorded a sales increase from 1997 to 1998.
CyberTech's five-year sales growth was 12,748 percent, with sales increasing to $52 million in 1998 from $404,000 in 1994. The average 1998 sales for each 1999 Inc. 500 winner were $22.1 million.
The phenomenal five-year sales performance led CyberTech to be ranked by Inc. as the fastest-growing IT solutions company in the United States and the top-ranked fastest growing company in Ill.
"We have been able to achieve this consistent growth by staying on top of the leading technologies, investing in new practices, such as Siebel for Front Office and SAP for outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , to ensure continued growth," said Rao. "And with our expertise in CISCO-powered network technologies and experience in delivering packaged solutions supported by state-of-the-art offshore development facilities, CyberTech is the leading-edge provider of eSolutions."
CyberTech also partners with e-Online to provide outsourced SAP solutions to middle-market companies.
CyberTech has built a unique depth of expertise on leading technologies provided by CISCO, SAP, Siebel, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Microsoft and others.
Up-front investment in focused Advanced Technology Centers, strength of methodologies and processes combined with competitive global delivery models differentiate CyberTech from other IT providers.
The 1999 Inc. 500 list is in the Inc. 500 issue of the magazine, which hits newsstands Oct. 19 and Inc. Online by Nov. 1.
The ranking on the Inc. 500 comes just weeks after Rao was honored as the 1999 Information Technology Service Entrepreneur Of The Year(R) for Illinois/Northwest Indiana. The award was presented by Ernst & Young LLP LLP - Lower Layer Protocol , a
professional service firm whose Entrepreneur Of The Year award program honors individuals who have demonstrated excellence in financial performance, innovation and personal commitment to communities.
When CyberTech was founded in 1990, the company had seven employees. Today, CyberTech employs 750 people worldwide.
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