Welcome!

Agile Computing Authors: Pat Romanski, Elizabeth White, Liz McMillan, Yeshim Deniz, Andy Thurai

News Feed Item

Fuhu Makes a Rare Repeat as No. 1 on Inc.'s Annual List of America's Fastest-Growing Private Companies

Median Growth Rate of Companies on the Inc. 5000 is 151+%. Their Annual Revenue Totals an Astonishing $211 Billion.

NEW YORK, Aug. 20, 2014 /PRNewswire-iReach/ -- For only the second time in its 33-year history, the Inc. 5000 has a repeat winner. Inc.'s annual list of the fastest-growing private companies in America, the Inc. 5000, tracks companies with such phenomenal growth rates that qualifying for the list twice in a row at any rank is an accomplishment. Repeating at No. 1 is almost unheard of.

Photo - http://photos.prnewswire.com/prnh/20140819/137649

Fuhu, an El Segundo, CA. manufacturer of tablet computers for kids, has seen an eye-popping 158,957% leap in revenues over the past three years, the largest growth spurt ever recorded in the Inc. 5000. To put that figure in perspective, when Fuhu took top honors last year, its growth rate was 42,148%. The only other back-to-back No. 1 in the Inc. 5000's history was energy management company Cogentrix, in 1989 and 1990.

Fuhu is representative of an amazing group of small businesses growing at breakneck speed, helping drive the country's economic revival and the rebound in employment. Their success has been all the more remarkable considering the otherwise sluggish rebound:

  • The median growth rate for Inc. 5000 companies has been 151+% over the past three years, generating collective revenue of $211 billion
  • Inc. 5000 companies have created 505,000 jobs over the past three years.
  • To make the top 500, a company had to have achieved a remarkable three-year growth of 942%.

Fuhu is joined by an impressive collection of closely-held companies that represent guts, determination, and endurance across a number of fields, including GoPro (the maker of hi-def strap-on personal cameras), GoDaddy (which offers Internet domain registration and hosting), Allen Edmonds (manufacturer and retailer of upscale shoes), Lolly Wolly Doodle (a kids clothing manufacturer that sells through Facebook), Refinery 29 (the fashion/beauty catalog and commentary website), and Bowlmor AMF (the bowling empire).

Creativity plays a prominent role in the success of companies on this year's list. Among the more inventive winners are gamemaker CoolMiniOrNot, which, in a reverse-technology twist, makes board games that play like video games, and rehab engineering firm Boxman Studios, which turns old shipping containers into travel party spaces for events.

"What surprises me, even though I know it's coming, is the sheer variety of the paths our entrepreneurs take to success, reflecting how our economy has evolved," says Inc. President and Editor-In-Chief Eric Schurenberg. "This year there are far more social media and far fewer computer hardware businesses than there were, say, six years ago. But what doesn't change is the fearsome creativity unleashed by American entrepreneurship."

Listings and profiles of the top 500 companies appear in the September issue of Inc. magazine (available on newsstands August 20th to November 30th) and on Inc.com. The complete Inc. 5000 appears on Inc.com and in Inc.'s tablet editions, starting on August 20th.

The annual Inc. 5000 event honoring all the companies on the list will be held from October 15 through 17, 2014 in Phoenix. Speakers include some of the greatest entrepreneurs of our time, including Michael Dell, Martha Stewart, host of the CNBC show "The Profit" Marcus Lemonis, Container Store Founder and CEO Kip Tindell, and Chobani Founder and CEO Hamdi Ulukaya.

The list made its debut in 1981 as a ranking of the 100 fastest-growing private companies in the U.S. The following year, it expanded to 500 companies and, in 2007, the Inc. 5000 was inaugurated. Companies such as Microsoft, Zappos, Clif Bar, Intuit, Chobani, Zipcar, Oracle, and many other well-known names gained early exposure as members of the Inc. 500. Through each evolution, Inc. has sought to recognize and to celebrate the creativity, dedication, and hard work that entrepreneurs put into building their companies.

Complete results, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com/inc5000.

Methodology

The 2014 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2010 to 2013. To qualify, companies must have been founded and generating revenue by March 31, 2010. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2013. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2010 is $100,000; the minimum for 2013 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, which can be found at http://www.inc.com/inc5000.   

About Inc. and the Inc. 500|5000

Founded in 1979 and acquired in 2005 by Mansueto VenturesInc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders.  Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today.  For more information, visit http://www.inc.com/ .

The Inc. 500|5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation's most successful private companies has become the hallmark of entrepreneurial success. The Inc. 500|5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.

For more information on Inc. and the Inc. 500|5000 Conference, visit http://www.inc.com/.

Media Contact: Patrick Hainault, Inc. Magazine, 212-389-5373, [email protected]

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

 

SOURCE Inc. Magazine

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, in New York City and will bring together Cloud Computing, FinTech and Blockchain, Digital Transformation, Big Data, Internet of Things, DevOps, AI, Machine Learning and WebRTC to one location.
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
DXWorldEXPO LLC announced today that "IoT Now" was named media sponsor of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
SYS-CON Events announced today that Silicon India has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Published in Silicon Valley, Silicon India magazine is the premiere platform for CIOs to discuss their innovative enterprise solutions and allows IT vendors to learn about new solutions that can help grow their business.
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...