Herndon-based Cascades Technologies, Inc. was recently named by "Inc. 500" magazine as a "fastest-growing private company" because of the its three-year sales growth of 374 percent. The company was ranked 358th out of 500 overall.
The Inc. 500 ranks privately held companies according to year-over-year sales growth from 2001 to 2004. With approximately 75 percent 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. They also needed to 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. 500" magazine 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 technology company that specializes in application development and systems integration, security solutions and other professional services. 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. For more information, visit http://www.cascadestech.com or call 703-793-7222.