I.C. System Named to the 2009 Inc. 5000 List

St. Paul, MN – I.C. System, one of America’s largest accounts receivable management firms, announced it has been named to the 2009 Inc. 5000 list of the fastest-growing private companies in America.  Inc. magazine used percentage of revenue growth from 2005 through 2008 in compiling its exclusive, annual list.  Ranked at 4,349, I.C. System is among just a few collection agencies listed.  The 5,000 companies represent 25 industries and all 50 states plus Washington, D.C., and Puerto Rico.   

“Throughout our 71 years, we’ve focused on being the best, most trusted receivables management company…never on being one of the largest or fastest-growing ones,” said Barbara Erickson, I.C. System’s Chairman.  “However, we’re very honored to be on the Inc. 5000 list as it confirms we’ve been successful while always doing things the right way and it signifies the trust our clients have in us.  Additionally, the ranking speaks highly of our quality employees and their dedication.”

The 2009 Inc. 5000 serves as a unique report card on the U.S. economy.  Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent.  The Inc. 5000 companies have created more than 1 million jobs, demonstrating the tremendous impact that private, fast-growing companies have on the economy.

The Inc. 5000 at a Glance:

• IT Services had the most companies listed with 658, followed by Business Products & Services (502), Advertising & Marketing (398), Construction (354), and Manufacturing (342).  I.C. System’s industry for ranking purposes is Business Products & Services.

• Insurance was the top industry with an average growth rate of 667 percent. The next strongest performers were Energy (523 percent) and Government Services (491 percent).

• California had the most companies listed with 612, followed by Texas (393), New York (316), Florida (263), and Virginia (261).

About Inc.
Founded in 1979, Inc. is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders.  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 on www.inc.com.