FOR IMMEDIATE RELEASE August 16, 2017
For the 3rd Time in as Many Years, Software Development/System Engineering Firm enVention® Appears On the Inc. 5000 -America’s Fastest-Growing Private Companies
NEW YORK, August 16, 2017 — Inc. magazine today ranked enVention® NO. 3556 on its 36th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small and mid-sized businesses. Companies such as Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees of the Inc. 5000.
The 2017 Inc. 5000 is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year average growth of 481%. The Inc. 5000’s aggregate revenue is $206 billion, and the companies on the list collectively generated 619,500 jobs over the past three years.
“The Inc. 5000 is the most persuasive evidence I know that the American Dream is still alive,” says Inc. President and Editor-In-Chief Eric Schurenberg. “The founders and CEOs of the Inc. 5000 tell us they determination, risk taking, and vision were the keys to their success, and I believe them.”
Methodology:
The 2017 Inc. 5000 is ranked according to percentage revenue growth when comparing 2013 to 2016. To qualify, companies must have been founded and generating revenue by March 31, 2013. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2016. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2013 is $100,000; the minimum for 2016 is $2 million.
About enVention®:
EnVention® specializes in the creation of defense planning and warfighter automation solutions for military Command, Control and Communications. The privately held firm, founded in 2010, offers an extensive background in working alongside Air and Missile Defense Planning, Situation Awareness & Understanding and Network-Centric Systems, including Cyber threats.
EnVention® earned a prestigious ranking of #42 in the State of Alabama for the 2017 Inc. 5000 with an impressive three-year sales growth of 87%. This year over year growth, since the company’s founding, has led enVention® to the point of expansion. EnVention® recently opened their second Huntsville, AL location, a 2,500 sq. ft. office in Cummins Research Park, allowing for continued growth and more clients, while continuing to offer the best support for their existing customers. These 2 Huntsville offices are accompanied by an additional office in Texas.
Among enVention®’s U.S. Army & Program clients: Patriot Battery Command Post (BCP) and the Patriot Tactical Command Center (TCS); THAAD Tactical Operations Center (TOC); Joint Tactical Ground Station (JTAGS); UAS Gray Eagle’s One Station Ground Control System (OSGCS), Universal Ground Control System (UGCS), and the MDA Objectives Simulation Framework Station (OSFS).
The company also supports the CFD Research Corp. Missile Weather Toolkit (MWeT) and IAMD Program Office, with global clientele in the Netherlands, Germany, Israel, Kuwait, the Republic of Korea, Saudi Arabia, Taiwan and United Arabic Emirates (UAE).
As a technology services startup founded by a group of friends & colleagues, the company’s corporate culture maintains a fundamental belief in recruiting entrepreneurial software engineering professionals. EnVention® focuses on slow, steady growth, one employee at a time, with the belief that quality supersedes quantity.
In fact, since its founding seven years ago with two employees, the company continues to regard its team as an extended family—not only encouraging career success, but also an obligation to support employees’ families and an enriched life outside of the workplace. This is exhibited by their 3 year running selection as a Winner of Best Places to Work by the Huntsville-Madison County Chamber of Commerce. Additionally, enVention® also shares profits through an incentive plan, while its executive team mentors employees and includes them in key company decisions and activities.
EnVention® is commandeered by Co-Founders Tina Sudberry Barnes (CEO) and David Ramsden (co-CEO), and Dr. Glenn Weathers (COO).
About Inc. Media:
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, with the aim to deliver real solutions for today’s innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 13,000,000 today. For more information, visit 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.
