|
|
August 29, 2006, Spokane WA
- OpenEye, announced today that its parent company PCO Inc. has been included in the 2006 Inc. Magazine list of 500 fastest growing private companies.
The list was formally released on August 22nd and PCO/ OpenEye achieved a ranking of 488. “It’s exciting for our employees, partners, and customers to know that they play an integral part in making OpenEye one of the fasting growing companies in the US,” said Richard Sheppard, OpenEye’s CEO. The list is comprised of private companies whose sales growth over 3 years, as a percentage, is above average. OpenEye’s sales growth over this period was 309%.
The company’s revenue growth has been primarily in its OpenEye video security products division. Since 2000, when OpenEye released its first digital video recorder, sales have risen steadily as demand for security products has increased. “We have been fortunate enough to be well positioned in an industry that has grown tremendously since 2001,” said Alan Aldous, OpenEye’s CFO. “Moving forward we will continue expanding our video platform in an effort to continue growing our revenues.
The 2006 Inc. 500, as revealed in the September issue of Inc., represents the most robust group of companies the magazine has ever compiled, with aggregate revenue of $19.7 billion, up from $16.5 billion last year and $12.9 billion in 2000. The two largest companies on this year’s Inc. 500 are the biggest ever to make the list with $3.4 billion and $1.26 billion in revenue respectively. In all, 14 companies topped $200 million in annual revenue, compared with 11 last year.
|
