Respected Rhode Island business publication ranks Carousel Industries as number four on fastest growing list and number 14 on top private companies list

Exeter, Rhode Island, September 8, 2011 -- Carousel Industries, a leader in data networking and converged communications, announced it has been recognized by Providence Business News as the fourth fastest-growing private company with $25 million and above in annual revenue in Rhode Island. Carousel was also ranked at number 14 in the newspaper’s list of the top private companies in Rhode Island.

As the only IT company to make Providence Business News’ Top Private Companies list, Carousel has demonstrated that even in a challenging economy, there are still great opportunities for technology companies in Rhode Island. Carousel has not only grown its revenue and profits, but also its staff. The company has hired 150 people in the last three years and is still seeking to expand its reach with additional talent.

“It is a special honor for Carousel to be recognized by Providence Business News in this manner,” commented Jeff Gardner, CEO, Carousel Industries. “While our company has partners, employees and customers all across the United States, we are proud to call Rhode Island our home and are pleased to know that we play an important role in our state’s economy.”

Providence Business News, a prominent business publication covering Rhode Island, publishes its annual list of the fastest growing companies and the top 100 private companies in the state based on total revenue from the previous year. In 2010, Carousel saw three-year revenue growth of 52% and total revenue of more than $224 million.

Since the publication of the 2010 list of the fastest growing companies in Rhode Island, Carousel has risen in the ranks by three spots, going from number 17 on last year’s list to number 14 on this year’s list.

About Carousel

Carousel Industries designs, delivers and supports technology solutions that become the foundation of our clients’ businesses. This includes unified communications, virtualization, Voice over IP (VoIP), video conferencing and collaboration and data infrastructure solutions. Since Carousel was founded in 1992 we’ve grown an average of 30% - 50% per year with estimated 2010 revenues of over $200 million. Today we have over 5,000 customers, including 35 of the Fortune 100. Carousel has been recognized by both VAR and CRN Magazines as one of the top technology integrators in the US and we’ve been listed in the Inc. 500/5000 seven times.

Carousel is headquartered in Exeter, RI with over 800 employees working from offices in 17 locations across the US, including over 250 service technicians deployed across the country. For more information visit http://www.carouselindustries.com

Contact:
Jeff Touzeau
Public Relations
Hummingbird Media, Inc.
jeff@hummingbirdmedia.com