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Crain's New York | Fast 50: Built for speed

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The Fast 50 was open to privately held companies in the New York City area. Firms had to have at least $20 million in revenues in 2011 to enter. Crain’s ranked them based on revenue growth, as a percentage, from 2008 to 2011.

M5 Networks, a provider of cloud-based phone systems that started out in 2000 as an Internet-based telecom provider to small and medium-size businesses. While it has plenty of competition, it has distinguished itself by adding powerful applications to clients’ phone systems that, among other things, will enable companies to manage their in-office phones and mobile ones as if they are connected. A sales manager who wants to track employees’ calls, for instance, can get all the data in one place.

Read more at Crain's New York.