40. Aptera
40. Aptera
Aptera CEO T.K. Herman
2010 Revenues: $3.2 million
5-year Annual Growth Rate: 35%

CEO:
T.K. Herman
Location: Fort Wayne, IN

About the business:
Aptera, located in Fort Wayne, Indiana, specializes in helping companies become more competitive and efficient through the use of technology. Founded by current CEO T.K. Herman, the company focuses on custom software and web marketing and prides itself on its impressive employee retention rate. Herman attributes his company's impressive growth to the team's skills in both design and IT.


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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