WASHINGTON, October 4, 2013 - U.S. Information Technologies, a national, industry-leading Oracle-based IT solutions firm headquartered in Chantilly, VA, today announced that it was ranked 28th of the 50 fastest growing companies in the DC Metro area by Washington Business Journal.
The publication's 2013 Fast 50 list ranked companies by compounded annual growth from 2010-2012. Eligible companies must have more than $2 million in revenue in 2010 and more than $10 million in revenue in 2012 to qualify, and growth must be consecutive year-over-year. For this year's award, USIT ranked #28 based on an average revenue growth of 40.43 percent.
USIT has a long history of growth and industry recognition since its founding in 2006. Their reputation for superior Oracle-based IT solutions and consulting services paved the way for an average annual growth rate of 38.1% for the 2009-2011 period, and placed USIT at #35 in overall rank for WBJ's 2012 Fast 50 awards. In addition, USIT was named one of the Best Places to Work in Virginia in both 2011 and 2012; ranked on the 2011 and 2012 Inc. 500|5000 list; and was awarded a coveted spot on the Virginia Chamber of Commerce Fantastic 50 Awards honor roll in 2013.
"USIT is honored to be included once again among the region's fastest growth companies," said Mr. Joseph Morrone, President and CEO.