Surgient Records 125 Percent Revenue Growth in Austin Business Journal's Annual Listing of the Area's Fastest Growing Private Companies
Surgient, the visionary of self-service virtualization automation and lab management, today announced that it was named one of Austin's fastest growing companies in the Austin Business Journal's annual Fast 50 rankings. Surgient recorded 125 percent revenue growth from 2005 - 2007.
"We are pleased to be recognized for our growth and positioning in the marketplace," said Tim Lucas, president and CEO, Surgient. "Virtualization is a vital technology companies are embracing to reduce capital and operational IT costs with the added benefit of improving business agility and enterprise-wide productivity. With our ability to help organizations make the most of their virtualization technology investments, Surgient has realized tremendous growth. I would like to thank our customers and dedicated employees who have made this success possible and look forward to continued growth in the years to come."
Surgient received its award at the annual Austin Business Journal's Fast 50 Awards ceremony. Rankings are determined by the average revenue growth when combining net revenue figures from 2005, 2006 and 2007. Fifty companies were named in two categories--25 companies with revenues of $10 million or less and 25 companies with revenues greater than $10 million.