H.I.G. Growth Partners News

CXtec Ranked in Prominent Inc. 5000 List of Fastest-Growing Private Companies

SYRACUSE, NY – August 15, 2018 – CXtec, North America’s largest secondary market hardware provider, is ranked No. 2597 on this year’s prominent Inc. 5000 list of America’s fastest-growing private companies. Companies that made the list, on average, have grown sixfold since 2014. CXtec has experienced an incredible three-year growth rate of 164%.

“To be recognized as one the of the country’s fastest-growing private companies is a validation to the success of our growth strategies to date,” said Peter Belyea, CXtec President and CEO. “The acceptance by our customers of our new life cycle management philosophy, regardless of whether it’s through product, services, third-party maintenance or IT asset disposition at the end of the life cycle, has proven to be a viable solution for all involved.”

CXtec customers can utilize four key areas within the complete IT life cycle management program. Hardware, services, maintenance and asset disposition, are all areas to maximize value within the cycle.

3rd significant ranking for CXtec in 2018
The Inc. 5000 ranking is the third significant listing for CXtec. The company was included in two prestigious rankings from CRN magazine, the premier industry trade publication for technology solution providers earlier this year.

  • CXtec was ranked No. 24 in the 2018 CRN Fast Growth 150 listing in August.
  • CXtec made a historic jump to No. 112 in the 2018 CRN Solution Provider 500 listing in June.

Exciting times ahead
“We’re excited to see what our future brings,” said Belyea. “We see expansion in additional product and service offerings within our life cycle management program and are also exploring new markets to expand our footprint.”

Visit www.cxtec.com to learn how to life cycle management can help your organization Redefine IT Strategy.

About CXtec
CXtec is North America’s largest secondary market hardware provider, offering a globally driven, full-service life cycle management program. By focusing on certified pre-owned hardware, third party maintenance, professional services and asset disposition, customers can maximize their technology life cycle. Our brands include: equal2new® certified pre-owned networking and voice equipment; RapidCare® our third-party maintenance offering and MindSafe™ our IT asset disposition sanitization and destruction services. CABLExpress®, a division of CXtec Inc., manufactures high-performance data center cabling products. Atlantix Global Systems, a division of CXtec Inc., is now one of the world’s largest resellers of enterprise-class, secondary market equipment. The CXtec world headquarters are located in Syracuse, NY. Visit www.cxtec.com.

Methodology
The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 to 2017. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 18,000,000 today. For more information, visit www.inc.com.