Parature Ranked as One of the Fastest Growing Companies in the Nation
Parature Ranks No. 1139 on the 2009 Inc. 5000 with Explosive Sales Growth of 277%
Vienna, VA (February 12, 2011) – Parature, a global leader in on-demand customer service software, announced today that Inc. magazine ranked Parature No. 1139 on its third annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy – America’s independent-minded entrepreneurs. Parature also ranked No. 70 on the magazine’s top 100 software list.
“Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate,” said Inc. 5000 Project Manager Jim Melloan. “That’s why our list is so eagerly anticipated every year.”
Parature enables any organization to fundamentally change the way they support their customers through its Software-as-a-Service (SaaS) delivery and integrated, intuitive design that empowers organizations to better and more efficiently serve, support, engage with and retain customers in today’s Web world. The seamlessly integrated suite of Parature Customer Service(TM) software modules allows organizations to effectively manage all of their support needs without additional hardware, software and IT expenses. Parature integrates everything in one dynamic, unified system to increase efficiency across entire organizations, improving processes among customer support, operations, development and sales.
“Parature is delighted to be included in the third annual list of the Inc. 5000 fastest-growing private businesses in the nation,” stated Parature CEO and President, Duke Chung. “Parature has achieved tremendous growth and we attribute that growth to the expansive market we serve, the technologically advanced products we deliver and the visionary customers we support. To be one of twenty-six software companies in the Mid Atlantic region to make the list and to be ranked No. 70 in the overall software category is an outstanding accomplishment, especially considering the number of successful software companies in this technological corridor and the country. Parature will continue to set the standard for support teams worldwide by providing the smartest, most efficient way for organizations to serve and support their customers.”
The 2009 Inc. 5000, unveiled today on Inc.com, serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 are responsible for creating more than 1 million jobs since their founding; making the list perhaps the best example of the impact private, fast-growing companies can have on the economy. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com.
This year’s list also offers a preview of which industries are poised for growth in coming years. With an average growth rate of 667 percent, Insurance ranked as the top industry overall. Government Services was the top industry gainer with 252 companies on this year’s list, up from 135 last year. Health is the top industry by both total revenue ($22.7 billion) and total employment (156,223 jobs).
Methodology
The Inc. 5000 is ranked according to percentage revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they have to be U.S.-based, privately held, for profit, and independent — not subsidiaries or divisions of other companies — as of December 31, 2008. Revenue in 2005 must have been at least $200,000, and revenue in 2008 must have been at least $2 million. The top 10 percent of companies on the list comprise the Inc. 500, now in its 28th year.
Source: Parature