Newport News, VA – Spectrum received notification that the company again placed on the Inc 5000 fastest-growing private companies in America annual list. This marks the fourth year to achieve a place on this highly recognized list, produced by Inc. magazine.
Jeff Wassmer, President & CEO states, “It is rewarding to be recognized by Inc. Magazine for the hard work of all employee-owners as we’ve found innovative ways to conduct business and serve America’s greatest customers, our military organizations. I founded this company with entrepreneurial spirit and have held to that state of mind. Employees are given Spectrum’s guide for empowerment and accountability to allow their entrepreneurial spirit to shine and move Spectrum forward”.
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
“Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. magazine Editor Jane Berentson.
Spectrum is a veteran-owned business that serves the Department of Defense and federal agencies. The company specializes in providing the National and DoD intelligence community with innovative, realistic and affordable solutions in technology. Spectrum also provides full system support from assessment to certification and takes great pride in exceeding client expectations.