Turning Technologies rated fastest-growing

Turning Technologies rated fastest-growing

YOUNGSTOWN — Turning Technologies, a leading provider of audience response technology, has been named by Inc. Magazine as the fastest-growing privately held software company in the nation, and the 18th-fastest-growing privately held company overall.

The recognition came today when Inc. Magazine released its 26th annual Inc. 500 list of America’s 500 fastest-growing private companies.

Companies are ranked according to the percentage growth of their revenue from 2003 through 2006. To qualify, companies had to be U.S.-based and privately held, independent — not subsidiaries or divisions of other companies — as of Dec. 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006, according to Inc.

“This is great news and another sign that our community has turned a corner,” said U.S. Rep. Timothy Ryan when asked for his response.

“If you want to find out which companies are going to change the world, look at the Inc. 500,” said Inc. editor Jane Berentson.

With revenues of $20.6 million and a three-year growth rate of 3,909.9 percent, Turning Technologies was 18th overall on the Inc. 500, Inc.’s annual list of the fastest-growing privately held companies. The magazine said the list this year was expanded to include the top 5,000 firms in the nation.

For the complete story, see Friday’s Vindicator and Vindy.com.