29. Astyra
29. Astyra
2010 Revenues: $14.5 million
5-year Annual Growth Rate: 45%

CEO:
Ken Ampy
Location: Richmond, VA

About the business:
Astyra has helped meet the needs of companies looking to outsource their IT. The company, which was founded in 1997 by former college roommates Ken Ampy and Sam Young, matches job seekers with employers in the financial, health care, and energy sectors.

Both Ampy and Young worked as IT consultants for several firms after they graduated from Old Dominion University in Virginia. After their experience in the workforce, the two decided to strike out on their own. Over the past five years, Astraya has nearly tripled its workforce. The founders continue to educate themselves about running a business and have participated in management education programs at Dartmouth College (Tuck), the University of Virginia (Darden) and Northwestern University (Kellogg).


The Initiative for a Competitive Inner City (ICIC) defines inner cities as core urban areas with higher unemployment and poverty rates and lower median incomes than their surrounding metropolitan statistical areas. For the 2012 list, ICIC received more than 2,000 solicited nominations using its database of small businesses and through the support of its nominating partners, including the U.S. Hispanic Chamber of Commerce, Staples, New York City Department of Small Business Services, and the U.S. Conference of Mayors. Companies were ranked by compound annual growth rate (CAGR) based on their revenue over the five-year period between 2006 and 2010, the last year for which complete data was available. This list was audited by the independent accounting firm of Rucci Bardaro and Barrett, PC.
@FortuneMagazine - Last updated May 11 2012: 10:59 AM ET
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