Inc. magazine today revealed that IT Concepts is No. 231 on its second annual Inc. 5000 Regionals: D.C. Metro list, the most prestigious ranking of the fastest-growing Washington, D.C., area-based private companies. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the D.C. area economy’s most dynamic segment-its independent small businesses.
IT Concepts CEO, Pinakin Patel says,
“IT Concepts (ITC) is proud to receive the Inc. 5000 Regional D.C. Metro award for one of the fastest growing independent small businesses. To achieve this ranking, during these unprecedented times, is a testament to the stamina, innovation, effectiveness, and flexibility of each ITC employee. ITC’s clear vision of success is based on our shared commitment “Driven to Deliver” – making each client mission personal, delivering technology that works. It’s that simple.”
The companies on this list show stunning rates of growth across all industries in the Washington, D.C., region. Between 2017 and 2019, these 250 private companies had an average growth rate of 211 percent and, in 2019 alone, they employed more than 120,000 people and added nearly $15 billion to the D.C. area economy. Companies based in major metro areas- Baltimore, Maryland, the Washington, D.C. area, and Richmond, Virginia-brought in the highest revenue overall.
Complete results of the Inc. 5000 Regionals: D.C. Metro, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at The Top 250 Fastest-Growing Private Companies in the Washington D.C. Metro Area (inc.com).
“This list proves the power of companies in the Washington, D.C. area no matter the industry,” says Inc. editor in chief Scott Omelianuk. “The impressive revenues and growth rates prove the insight and diligence of CEOs and that these businesses are here to stay.”
This is the second recognition ITC has received from Inc. 5000. To read more about IT Concepts awards, visit Awards from IT Concepts, Inc. (useitc.com).
About IT Concepts, Inc.
IT Concepts, Inc. is a dynamic information technology engineering and business consulting services company focused on delivering innovative solutions to Federal government agencies. Our team members provide a broad range of services in strategy, information technology, systems engineering, and program management. IT Concepts handles high-level federal government projects and simple software solutions the same way – with focused strategy, skilled precision and big picture thinking.
More about Inc. and the Inc. 5000 Regionals
The 2021 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2017 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2017. They had to be U.S.-based, privately held, for profit, and independent-not subsidiaries or divisions of other companies–as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2019 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit