Stanley Inc., a leading provider of information technology services and solutions to US defense and federal civilian government agencies, was just ranked seventh in its depute on Forbes' 2008 list of, “America's 200 Best Small Companies.”
“We are honored to be recognized by Forbes as one of the top ten best small businesses” said Phil Nolan, Stanley's chairman president and CEO. “The continued success and growth of our company is directly attributable to the dedication of our employees, to their work and to our customers' missions.'
In order to qualify for Forbes’ Top 100 list, (83 of last year's members did not make the cut this year), companies need to have sales between $5 million and $750 million and stock prices of at least $5 as of September 29, 2008. The Forbes ranking is based on return on equity, sales, growth and profit growth over the past 12 month and also over five years. Stanley cracked the top 10 with annual sales of $643 million, net income of $29 million and a net margin of 5 percent, among other figures.
Other local tech companies among the Forbes Small Company leaders are Arlington-based Strayer Education (No. 20), a provider of traditional classroom and Internet-based learning, and Liquidity Services (No. 26), the DC-based developer of an online auction marketplace for wholesale, surplus and salvage assets. Comtech Telecommunications (No. 25), the parent of Germantown-based Comtech Mobile Datacom, a provider of satellite-based communication systems and location and messaging services, also made the list.