Torch Technologies Makes Inc. 5000 for 15th Consecutive Year
Huntsville, AL - August 17, 2021:
Inc. magazine today revealed that Torch Technologies, a 100% employee-owned technology services and solutions company headquartered in Huntsville, is No. 4558 on its annual Inc. 5000 list, with a three year growth of 57%. Inc. 5000 is the most prestigious ranking of the nation's fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy's most dynamic segment--its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
Torch is the only company in Alabama, and one of less than five companies nationwide, that has made the list 15 or more years. Since its 2002 founding in Huntsville, Alabama, Torch has maintained consistent growth, expanding to include seven regional technical offices, and providing on-site field support at customer locations worldwide.
"We are very proud to be one of the few companies to have been named to the Inc5000 list for 15 consecutive years. It is a true testament to the power of employee ownership and the great employees that it rewards."- Torch President and CEO John Watson.
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year's list also proved especially resilient and flexible given 2020's unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000 The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.