Business & Tech
Axeda Named to Inc. 500|5000 List of Fastest Growing U.S. Companies
Axeda, based in Foxborough, was named one of America's fastest-growing companies by Inc. Magazine for the second consecutive year.
Foxborough based, Axeda Corporation, was named to the 2011 Inc. 5000 list for the second consecutive year.
The list is an exclusive ranking of the nation's fastest-growing private companies and America's independent entrepreneurs.
Axeda was recognized by Inc. for posting significant three-year sales growth from 2007-2010.
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"In a stagnant economic environment, the companies on this year's list report having created 350,000 jobs in the past three years," said Inc. president Bob LaPointe in Axeda's press release. "The aggregate revenue among the honorees reached a remarkable $366 billion, up 14 percent from last year."
Axeda, founded in 2000, is the leading cloud platform provider for connected products and M2M (machine-to-machine) applications.
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Other local companies on this year's list include Dunkin Donuts, HubSpot, Gazelle, and CarGurus.
To view the list of Massachusetts companies on the 2011 list, click here.
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