M5 Networks Makes 2006 Inc. 500 List

By all accounts, looks like outsourced IP phone system provider M5 Networks is on a tear: Over the last three years (2002-2005), M5's growth was 491.2 percent, placing it at number 272 on the Inc. magazine 500 ranking of the fastest-growing private companies in the U.S. -- and one of only 27 telecommunications companies to make the list.

M5 is one of 17 New York City-based companies added to the list for the first time in 2006. This year's biggest gainer, the New York metropolitan area is now represented on the Inc. 500 list by a total of 42 of the country's fastest-growing companies, making it a close second behind
Washington, D.C. for hottest metropolitan area on the list.