For the 2nd Straight Year, SelectHub Appears on the Inc. 500, Ranking Among the Top 50 Software Companies in the US
DENVER, August 22, 2018 — Inc. Magazine named SelectHub to the 2018 edition of the Inc. 500, the annual list of the nation’s fastest-growing private companies, marking the company’s second appearance in a row. Unveiled last week at Inc.com, the renowned Inc. 500 and its larger counterpart — the Inc. 5000 — highlights companies from across the country in virtually every industry.
In addition to making the Inc. 500 list, SelectHub was ranked No. 48 in the software category. The company was named to the 2018 list thanks to record three-year revenue growth of 1,205 percent. In making the list two years in a row, SelectHub joins a select group of two-time honorees. Only one in three companies named to the Inc. 500 have been named twice.
“SelectHub is thrilled to be included in the Inc. 500 two years in a row. The honor is the outcome of years of hard work from the entire SelectHub team in building our proprietary software selection platform and taking it to market in a way that delivers compelling value to businesses every day,” says CEO Venkat Devraj. “SelectHub has been fortunate to find some of the best talent from around the world to deliver extraordinary value to our clients. As a company in which two of our three co-founders are immigrants, this honor is a testament to the growth that can be achieved when harnessing the expertise derived from diverse cultural backgrounds.”
SelectHub was founded in 2013 by serial entrepreneur Devraj, hailing from India; President Steven Sowin, a longtime business owner based in Colorado; and COO Hernando Blanco, a native Colombian. The company has focused on diversity when making hiring decisions, which it attributes to its healthy annual revenue growth. Headquartered in Denver, the company also has an office in Austin, Texas, as well as teams working in Montreal, Poland and India.
According to Inc., the 2018 Inc. 5000 as a whole shows staggering growth compared with prior lists. The honorees achieved an astounding three-year average growth of 538.2 percent and a median rate of 171.8 percent. The Inc. 5000’s aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years.
“If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” says Inc. editor in chief James Ledbetter. “The lines of business may come and go, or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”
SelectHub’s Inc. 500 profile page can be seen here: https://www.inc.com/profile/selecthub. 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 at http://www.inc.com/inc5000.
SelectHub is a cloud-based technology selection management platform streamlining software selection, making IT sourcing more agile and collaborative. The platform supports a comprehensive set of evaluation stages from requirements gathering to vendor shortlisting, demo use case management, RFI/RFPs and contract negotiation. The SelectHub user community includes over 35,000 companies ranging from SMBs to large enterprises. To learn more, please visit http://www.selecthub.com.
About the Inc. 5000
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The full Inc. 5000 listing can be found at http://www.inc.com/inc5000.
Inc. 5000 Methodology
The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 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 https://www.inc.com/inc5000.
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