Software Advice Tapped for Inc. 5000 List [Professional Services Close - Up]
(Professional Services Close - Up Via Acquire Media NewsEdge) Software Advice, a resource for software buyers, has been listed by Inc. magazine as one of the top 5,000 fastest-growing private companies in the United States.
According to a release, the company experienced revenue growth of 460 percent over a three-year period from 2009 to 2012, ranking Software Advice at #948 out of the 5,000 listed companies. Software Advice was also placed in the 'Top 100 Texas Companies' and ranked #20 for companies in the Austin Metro Area.
The company reported that this is the second time Software Advice has achieved this award -- the first time in 2011, making the Inc. 500 list with a rank of #134. The 2013 Inc. 5000 was considered to be the most challenging year to place in the list's history, with a median growth rate of 140 percent for the listed companies. While maintaining growth, Software Advice has been profitable every quarter since Q4 2007.
"As an organization that thrives on the momentum we build together, we're excited to have delivered another great year of top- line growth," said Don Fornes, founder and CEO at Software Advice. "Our revenue growth is a testament to the effectiveness of the team we've assembled and the technology platform we've built."
"Meanwhile, our revenue in the first half of 2013 was $7.2 million, which represents accelerated top-line growth of 81 percent year-over-year and puts Software Advice on track to exceed $15 million in revenue for 2013," continued Fornes.
Additionally, Software Advice added 40 jobs over the past three years and plans to continue its aggressive growth trajectory by adding additional talent. The company intends to hire at least 20 new employees by the end of 2013.
"We're focused on hiring enough people to support our rapid growth, but more importantly, we're focused on hiring the right people," said Fornes. "We carefully identify self-starting employees who want to be on a winning team. Typically we care little about candidates' career experience, and instead focus on the raw talent and energy they can bring to our organization."
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent - not subsidiaries or divisions of other companies - as of December 31, 2012. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2009 is $100,000; the minimum for 2012 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000.
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