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Ambit Energy as One of Inc. Magazine’s Fastest-Growing Companies

Energy provider is the second-highest revenue producer on the list with $417M for 2010

DALLAS – August 23, 2011 –  Ambit Energy, a leading national retail energy provider based in Dallas, announced today that the company was named for the second year in a row to Inc. magazine’s annual Inc. 500, an exclusive ranking of the nation’s fastest-growing private companies. This year, the company ranked #390 based on revenue growth from 2007 through 2010. Ambit Energy was one of only 19 Inc. 500 companies who exceeded $100 million in revenue in 2010.

With a three-year revenue growth of 867 percent, Ambit Energy had the highest revenue and comprised 45 percent of the $920.8 million in total revenues of all ranked energy companies. In 2010, Ambit Energy made the list for the first time since the company was founded in 2006, and was recognized as the #1 fastest-growing private company with a three-year sales growth between 2006 and 2009 of 20,369 percent.

“It is an honor to be ranked among the top 500 by Inc. magazine for the second year in a row,” said Jere Thompson, Jr., Ambit Energy co-founder and CEO. “Our goal has always been to be the finest and most-respected retail energy company in America. To achieve that goal, we do three things: maintain a persistent focus on providing exceptional service to our customers; leverage our advanced, proprietary technology; and reward and retain an exceptional team of employees and Independent Consultants.”

Growth has continued significantly for Ambit Energy in 2011, and the company has already reached many milestones – including continued expansion in five new markets, surpassing 600,000 active customers and growing the sales force to more than 130,000 Independent Consultants. Ambit Energy currently provides service to 15 markets in the U.S., with plans for additional expansion throughout the remainder of 2011.

“We are fortunate to work with some of the greatest people in the industry, from our corporate employees to our sales channel of Independent Consultants,” said Chris Chambless, Ambit Energy co-founder and CMO. “We couldn’t have achieved the successes we have over the past five years without the dedication and hard work of every individual at Ambit. It is because of our Ambit team that our goal of one million customers and $1 billion in revenue will become a reality in 2012.”

As a retail energy provider, Ambit Energy buys power wholesale and resells it to retail customers. Customers are acquired by the company’s team of more than 130,000 Independent Consultants nationwide. Ongoing customer relationships are supported by a people-focused, U.S.-based customer care center utilizing the company’s patent-pending technology platform, Bluenet®. This proprietary technology manages all aspects of the customer life-cycle, from utility transactions between customers and transmission providers to web-based account management tools that include tracking and reporting customer referrals for Ambit’s free energy program.

Download the press release: Ambit Energy as One of Inc. Magazine’s Fastest-Growing Companies