Kingston ranked as fastest growing private companies

By on September 6, 2010
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Memory makers were ranked no. 6 in Inc. Magazine’s Top 5000.

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Press release:
Kingston Technology Company, Inc., the independent world leader in memory products, was ranked No. 6 in total revenue on Inc. magazine’s 2010 listing of America’s fastest-growing private companies. Kingston’s 2009 revenues finished at $4.1 billion (U.S.), the second-highest in company history. Inc.’s top 10 listing by revenue is a subset of the Inc. 5000 listing that ranks the top 5,000 private U.S. companies by three-year revenue growth from 2006 to 2009.

“Kingston is grateful to have made the Inc. 5000 list again. David (Sun) and I are happy that Inc. continues to publish this list as it demonstrates their support of private companies and the strong commitment to the entrepreneurial spirit which is necessary in today’s difficult and competitive environment,” said John Tu, co-founder, Kingston.

John Tu, President and Co-founder of Kingston; and (right) David Sun, co-founder, Kingston.

“We are fortunate to have come out strong after the downturn in the memory industry and the general state of the economy of the past few years. For us to continue growing during this weak economy, we will need to keep a very strong focus on process improvement. It is the only way,” said David Sun, co-founder, Kingston.

Kingston was also ranked 20th in gross-revenue growth for the three years from 2006 to 2009. During that period, Kingston’s revenue grew 12 percent as revenues increased from $3.7 billion in 2006 to $4.1 billion in 2009.

“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”

In 1992, Kingston was crowned No. 1, as the fastest growing private company by Inc. magazine for previous-year revenue of over $140 million and a workforce of 130 employees. In 2007, Inc. magazine honored Tu and Sun with the inaugural Distinguished Alumni Goldhirsh Award, for leadership, guidance and the embodiment of the American entrepreneurial spirit which were the core values of Inc. founder Bernie Goldhirsh.

The Top 10 Inc. 5000 Companies Ranked by Total Revenue
Top 10 Rank Overall Inc. 5000 Rank Company Location Industry 2009 Revenue
1 No. 4,512 HCA Nashville, TN Health $30.1 billion
2 No. 4,929 7-Eleven Dallas, TX Consumer Products & Services $15.1 billion
3 No. 4,932 Toys “R” Us Wayne, NJ Retail $13.6 billion
4 No. 4,819 Univar Redmond, WA Business Products & Services $7.2 billion
5 No. 3,247 Booz Allen Hamilton McLean, VA Business Products & Services $5.1 billion
6 No. 4,708 Kingston Technology Fountain Valley, CA Computer Hardware $4.1 billion
7 No. 3,626 Mansfield Oil Gainesville, GA Energy $2.9 billion
8 No. 3,294 LPL Investment Holdings Boston, MA Financial Services $2.7 billion
9 No. 1,018 Vizio Irvine, CA Consumer Products & Services $2.5 billion
10 No. 4288 AMC Entertainment Kansas City, MO Media $2.4 billion

Source: Inc.5000, August 24, 2010


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Mufaddal Fakhruddin is the Editor for IGN ME and thinks writing in third person about himself in an about me section is weird.

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