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Creating this compound growth is great, but what this indicates to me is that we are providing a valuable service to the market and consistently delivering that value to our customers.
BOSTON, MA, August 20, 2019 /24-7PressRelease/ -- We are proud to announce that iuvo Technologies, Boston's premier white-glove IT services and Managed Services Partner, has been named to the Inc. 5000 Fastest Growing Companies list, coming in at number 3640. This marks the fifth consecutive year iuvo Technologies has been recognized by Inc. Magazine and their prestigious list as one of the fastest growing private companies in the nation. Incredibly, just four percent of entrants received the recognition five years in a row!
The Inc. 5000 list represents a unique look at the most successful companies within the American economy's most dynamic segment—its independent small businesses. Microsoft, Dell, Domino's Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
Thinking about this unbelievable accomplishment, Bryon Beilman, iuvo Technologies' President & CEO, said "It is quite amazing to make the list for the fifth time in a row as only about four percent of the companies on the list have made it five times. Growing consistently year after year, creating this compound growth is great, but what this indicates to me is that we are providing a valuable service to the market and consistently delivering that value to our customers. I am truly grateful for our awesome team of 'iuvonauts' who do amazing things for our customers and wonderful things for each other."
Some interesting facts about this year's Inc. 5000 winners:
• On average companies that made the list grew six-fold since 2015 – the same stretch the economy only grew by 12%
• Only 4% have made the Inc. 500 list five times, like iuvo Technologies has
• Companies achieved an astounding three-year average growth of 454%, and a median rate of 157%
• 2018 aggregate revenue of the Inc. 5000 winners was $237.7 billion, accounting for 1,216,308 jobs over the past three years
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million.
The full Inc.5000 list is available here: www.inc.com/inc5000.
We are, once again, humbled by winning this prestigious honor and thank all of our clients and employees for continuing to make iuvo Technologies such an incredible success story.
About Inc. 5000
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies.
Since 1982, the Inc. 5000 list has honored the extraordinary journeys of the fastest-growing companies in America. It is the most prestigious honor for growing private businesses and business leaders.
About iuvo Technologies
iuvo Technologies is a Boston-based IT consulting company and managed services provider providing elegant, white-glove IT services and solutions to help businesses scale, increase efficiency and solve other business problems. Our core belief is technology should elevate your business results. Managed Services, IT Consulting, IT Strategy, Virtual CIO, DevOPS, Business Continuity, Security services and more are part of our offerings to make our clients successful. Have you ever wondered what you should be doing differently with your IT? Contact us with an issue and we will give you 2 complimentary hours of our time solving it so you can see how we work and the value we can add. Or you can schedule a complimentary assessment that looks at your entire IT set up.
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