NewsFactor Network:

TeamLogic IT, a nationwide network of businesses that provide comprehensive computer-based services for managing information technology, recently made the Fast 55 ranking compiled by Franchise Times magazine. This is the second year the company made the list, ranking number 48.

This is the sixth year Franchise Times has published the Fast 55 ranking. The list, which focuses on franchise companies with high growth rates during their first five years of franchising, is compiled by FRANdata, a Washington, D.C.-based, research company that analyzes franchise information and data. TeamLogic IT’s growth rate in units since inception through 2007 was 336%.

“Small businesses rely on their technology infrastructure Relevant Products/Services regardless of the state of the economy and this makes our business model highly recession resistant,” said Chuck Lennon, president of TeamLogic IT. “Our franchisees are typically able to offer their customers cost-saving IT solutions which become even more important during cost-conscious time periods such as those experienced in today’s economy.”