Sign in Subscribe
Publishing industry

IKANO Communications Ranks as Nation's Second Fastest-Growing Company in Inner City Area

Strategic Insights

— 1 min read

IKANO Communications, a Salt Lake City-based company, has been recognized as the nation's second fastest-growing company located in an inner city area by the Initiative for a Competitive Inner City (ICIC) and Inc Magazine. With a five-year growth rate of 3,120 percent, IKANO achieved the highest Inner City 100 ranking from a Utah company in the history of the program.

Key Takeaways:

  • IKANO Communications ranked as the nation's second fastest-growing company in an inner city area, with a five-year growth rate of 3,120 percent.
  • The company's growth can be attributed to unwavering customer loyalty, dedicated employees, and continued growth within the current customer channel.
  • IKANO is the world's largest provider of private-label Internet services, helping Internet Service Providers lower operating costs, increase revenue, and expand their geographic reach/product offering.
  • The company has received a total of $33.5 million in venture capital funding and has expanded from 50 employees to more than 350 employees over the past five years.
  • IKANO has received three-time Inner City 100 awards and ranked 40th in the 2003 Inc 500 listing of the nation's fastest-growing companies.
  • The company's wholesale ISP group has added more than 350 new wholesale ISP customers since its creation in 2002.
  • IKANO received the "Order of Excellence" award for its gold-medal performance in the 2002 Winter Olympic Games.
  • The company launched "HOTSPOTZZ," one of the nation's largest for-pay public Wi-Fi networks, and teamed with Intel Corporation to drive awareness of Wi-Fi (802.11) hot spots.

Statistics:

  • IKANO Communications' five-year growth rate: 3,120 percent
  • Average annual growth rate for 2004 Inner City 100 companies: 872 percent
  • Total number of cities where companies were nominated: 155
  • Number of companies nominated: 7,000
  • Number of Inner City 100 companies recognized in 2004: 100
  • Number of employees IKANO Communications had in 1998: 50
  • Number of employees IKANO Communications has today: over 350
  • Number of new wholesale ISP customers added by IKANO's wholesale group since 2002: over 350

Sources:

  • "IKANO Communications Ranked as Nation's Second Fastest-Growing Company in Inner City Area"
  • Initiative for a Competitive Inner City (ICIC) website: http://www.icic.org
  • IKANO Communications website: http://www.ikano.com
  • Inc Magazine website: http://www.inc.com
  • "Inner City 100" article in Inc Magazine's May issue.

Read more