ALBUQUERQUE, N.M., Oct. 27, 2015 (GLOBE NEWSWIRE) -- Applied Research Associates, Inc. (ARA) was recognized last week as the number five company on the New Mexico Private 100 list based on 2014 revenues. Now in its 20th year, the NM Private 100 recognizes New Mexico's top-earning, privately owned, New Mexico-based companies. According to the Albuquerque Journal, this year's New Mexico honorees are a diverse group, representing health care, retail, technology, energy and aerospace, but anchored by the construction and real estate industries, which collected 28 of the top 100 spots.
The Journal reported that NM Private 100 combined revenues for 2014 totaled $4.2 billion, representing an increase in $.3 billion over last year's figures, and a reversal of trending revenue declines since the list was reintroduced in 2012. The companies collectively employ 9,105 individuals in the state of New Mexico.
Despite economic challenges, New Mexico's private sector has many success stories, and companies on the list represent the building blocks of the state's recovery.
Steven Keene, a managing partner for Moss Adams LLP, told the Journal, "We continue to see the Private 100 companies being a backbone for job growth and slowly helping New Mexico's economy turn around."
ARA was founded in Albuquerque in 1979 and has grown to be a mainstay New Mexico company. The company employs over 1,000 people in Albuquerque, across the U.S. and in Canada, and is a consistent top revenue producer in the state. First recognized on the NM Private 100 list in 1989 with a rank of 72, ARA rose to claim a regular spot in the top five. New Mexico is home to the ARA's corporate headquarters as well as the Southwest Division Office and the Shock Physics Division, which is based at Kirtland AFB.
Marketing Director Ellen Gallegos noted, "Through continued diversification in the fields of engineering and science, ARA has been able to remain a strong contributor to the New Mexico economy. We are proud of our ability to provide innovative technical solutions to complex problems and look forward to the upcoming year's challenges."
The New Mexico Private 100 program is sponsored by Moss Adams LLP, Bank of America, Merrill Lynch, the Modrall Sperling law firm and the Albuquerque Journal's Business Outlook.
See the full Albuquerque Journal Business Outlook article for more information on the 2015 Private 100 Awards.
Ellen Gallegos, ARA Marketing Director 505.881.8074
About Applied Research Associates, Inc.
Applied Research Associates, Inc. is an international research and engineering company recognized for providing technically excellent solutions to complex and challenging problems in the physical sciences. Our mission is to provide in-depth and diversified research, engineering, and technical support services. We have a broad range of technical expertise in biomedical engineering, defense technologies, civil engineering, computer software and simulation, systems analysis, and environmental technologies. For additional information, please visit http://www.ara.com.
CONTACT: Ellen Gallegos, ARA Marketing Director 505.881.8074
Source:Applied Research Associates, Inc.