Rick Stern, chief executive officer, said the new name better reflects the nature of the company’s business in a succinct, direct way.
“We have achieved a solid position in a rapidly evolving technology environment, as demonstrated by our recent recognition among the Inc. 500 and the Crain’s Chicago Business Fast 50,” Stern stated. “As our company grows and matures, it is necessary to project an image commensurate with our place in the market.”
Network Innovations is a member of the 2009 Inc. 500, a listing of the 500 fastest-growing private U.S.-based companies published by Inc. magazine in its September issue. The company is ranked 12th among telecommunications firms on the list. Network Innovations also is No. 5 on the current Crain’s Fast 50 list of the fastest-growing companies in the greater Chicago area by Crain’s Chicago Business. Network Innovations experienced a growth rate of 3,900 percent over the five years ending in 2008.
“We are proud of the history of Network Innovations, founded in 1997 on the principles of serving as a single source for procurement, billing and maintenance of wholesale network services nationwide. Those values remain core to everything we do,” said Ron Grason, chief operating officer. “As Nitel, we look forward to expanding and complementing our full range of service offerings to meet customers’ business networking needs.”
As part of the rebranding, the company’s Web address has changed to www.nitelusa.com.
Nitel, Inc. is a single-source provider of telecommunications network services and nationwide virtual network operator. Nitel has been recognized as one of the fastest-growing private companies in America. Customers partner with Nitel to simplify procurement, billing and maintenance of wholesale network services across a multitude of disparate carriers. Nitel gives customers maximum reach by leveraging its proprietary intelligence tool, n-Tellisource, and the networks of 80 top-tier carriers to ensure the best network at the best price. Headquartered in Chicago with offices in Atlanta, Ga., Madison, Wis., and Reno, Nev., Nitel has built a superior reputation for customer service and customized solutions since its founding in 1997. Organically grown and profitable, Nitel is a stable, trusted partner of more than 600 wholesale and enterprise customers. Information about Nitel is available via its Web site at www.nitelusa.com.