Excel Named To 1996 Inc. 500 List; Company Is Named as One of Fastest-Growing Privately Held Businesses.HYANNIS Hyannis (hīăn`ĭs), resort village (1990 pop. 14,120), Barnstable co., SE Mass., on Cape Cod; inc. 1639. It is the business center and shipping point of the area; major industries are tourism and home construction. , Mass.--(BUSINESS WIRE)--Oct. 21, 1997-- For the second consecutive year, Excel A full-featured spreadsheet for Windows and the Macintosh from Microsoft. It can link many spreadsheets for consolidation and provides a wide variety of business graphics and charts for creating presentation materials. Switching Corporation ("Excel") has been named one of the fastest growing companies in the U.S. by Inc. magazine.. The Inc. 500, profiled in a special October issue of the magazine, is an exclusive report on the companies and CEOs who are changing the face of American business. Excel ranks no. 217 on the list and was recognized for its 1,114% growth in sales revenues during the five-year period from 1992 to 1996. "Excel is very proud to be named for the second year to the Inc. 500," said Robert Madonna, founder and president of Excel. "This recognition acknowledges the steady growth of the company, which has allowed us to maintain our market leadership position in the programmable switching industry." This year marks the 16th year that Inc. has charted the progress of America's most innovative and successful entrepreneurs. To be eligible for the Inc. 500, companies have to be independent and privately held through 1996, and must demonstrate a sales increase from 1995 to 1996. Inc. verified ver·i·fy tr.v. ver·i·fied, ver·i·fy·ing, ver·i·fies 1. To prove the truth of by presentation of evidence or testimony; substantiate. 2. all information using tax forms and financial statements from certified public accountants Certified Public Accountant (CPA) An accountant who has met certain standards, including experience, age, and licensing, and passed exams in a particular state. , and by conducting interviews with company officials. Excel was also recently named to the New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. Technology Fast 50, which recognizes New England's fastest growing technology companies, based on revenue growth. As a result, the company has been nominated nom·i·nate tr.v. nom·i·nat·ed, nom·i·nat·ing, nom·i·nates 1. To propose by name as a candidate, especially for election. 2. To designate or appoint to an office, responsibility, or honor. for consideration in the National Technology Fast 500 which will be announced in November. About Excel Switching Corporation Excel Switching Corporation is the market leader in programmable switching technologies. Excel designs, manufactures, markets, and supports a family of open architecture programmable switches used in a wide variety of telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. applications in over 50 countries worldwide. Founded in 1988, the company is based in Hyannis, MA. CONTACT: Excel Switching Corp. Karen Steele, 508/862-3145 website: www.xl.com |
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