Four Denver inner city businesses have been selected for the “2011 Inner 100,” a list of the fastest-growing inner city companies in the United States.
The announcement was made today by Fortune Magazine and the Initiative for Competitive Inner City.
The four Denver companies are RTL Networks, Catalyst Repository Systems, Postmodern Co., and CAM Services.
The list of 100 recognizes successful inner city companies and their CEOs as role models for entrepreneurship, innovative business practices and job creation in America’s urban communities, according to Fortune and the ICIC.
“We are delighted to celebrate businesses like the four winners from Denver that are playing a critical role in revitalizing America’s urban communities,” said Mary Kay Leonard, ICIC president and CEO. “Through their achievements, the Inner City 100 winning companies exemplify America’s remarkable potential and the future of our urban centers.”
Leonard called the four Denver firms and the other winners “extraordinary companies” which demonstrate the market possibilities within inner cities.
RTL Networks, which ranked 18th on the list, is headed by CEO Richard Lewis. The award said Lewis combined his 10 years of experience in the Air Force with his experience working at technology companies including Qwest, Cisco and Avia to develop his business plan for RTL Networks, an IT service firm.
The company provides a range of IT services to clients across the country including the U.S. Department of Agriculture, the U.S. Air Force and Accenture.
Ranked No. 35 is Catalyst Repository Systems which is a Denver-based “legal document management” company.
Ranked 57th is Denver-based Postmodern Co. which is a broadcast and interactive video production company.
Ranked 67th is CAM Services, a building maintenance and snow removal firm.
According to the Initiative for a Competitive Inner City (ICIC), the average Inner City 100 Company’s revenues were $11.4 million and have, on average, 12 years of experience since founding.
About the companies:
CAM Services, founded in 1999, is headed by CEO Butch Hartman. It reported 2009 revenues of $4.9 million and said its five-year annual growth rate was 23 percent.
The Postmodern Co., founded in 1992, is headed by CEO David Emrich. It reported 2009 revenues of $5.8 million and said its five-year annual growth rate was 27 percent.
Catalyst Repository Systems, founded in 2000, is headed by CEO John Tredennick. It reported 2009 revenues of $18.5 million and said its annual growth rate is 39 percent.
RTL Networks, founded in 2002, is headed by CEO Richard Lewis. It reported 2009 revenues of $15.3 million and a five-year annual growth rate of 61 percent.
The winners attended a two-day event featuring seminars at the Harvard Business School, a procurement symposium and an awards gala Thursday where they were honored.Howard Pankratz: 303-954-1939 or hpankratz@denverpost.com.
