Knightsbridge Solutions has again been named one of America's entrepreneurial growth leaders for the second year in a row by Inc magazine, which last week released its annual ranking of the Inc 500, a listing of the nation's fastest-growing private companies.
Knightsbridge, a systems integration and consulting firm, advanced 122 positions in the 2002 ranking, from number 439 to 317 on the list, by achieving 724 percent growth over the past five years. Sales grew from $3.3 million in 1997 to $27.8 million in 2001. The company also achieved profitability ahead of schedule. Knightsbridge's sales growth was based on the implementation of high-performance data solutions that transform vast information assets into meaningful views of the business, from decision support analytics to customer interaction strategies and insight into supply chain.
Inc editor John Koten confirmed the business climate presents special challenges. "This is the first Inc 500 ranking to reflect the full impact of the recession," he said. "Yet these entrepreneurs are managing to confound the naysayers and move ahead despite the obstacles. They are showing that smart strategies can succeed even in the toughest times."
Average 2001 sales for the Inc 500 companies dropped only slightly, from $24,976,000 to $24,706,000. More than two-thirds (73 percent) of the Inc 500 companies are profitable. Despite the technology bust, "Computer Software and Services" remains the leading industry category, representing nearly 40 percent of firms on the list.
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