FOR IMMEDIATE RELEASE August 17, 2016
Software Development/System Engineering Firm enVention® REPEATS On the Inc. 5000-America’s Fastest-Growing Private Companies
NEW YORK, August 17, 2016 — Inc. magazine today ranked enVention® NO. 2371 on its 35th 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 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 2016 Inc. 5000 is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year growth of 433%. The Inc. 5000’s aggregate revenue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three years, or about 8% of all jobs created in the entire economy during that period.
“The Inc. 5000 list stands out where it really counts,” says Inc. President and Editor-In-Chief Eric Schurenberg. “It honors real achievement by a founder or a team of them. No one makes the Inc. 5000 without building something great – usually from scratch. That’s one of the hardest things to do in business, as every company founder knows. But without it, free enterprise fails.”
The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2015. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2012 is $100,000; the minimum for 2015 is $2 million.
EnVention® specializes in the creation of 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 #29 in the State of Alabama for the 2016 Inc. 5000 with an impressive three-year sales growth of 153%. This year over year growth, since the company’s founding, has led enVention® to the point of expansion. EnVention® will open an additional 2,500 sq. ft. office in Huntsville, AL in early September, their second office location 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 additional offices in Texas and Tennessee.
Among enVention®’s U.S. Army & Program clients: Patriot Battery Command Post (BCP); the Patriot Tactical Command Center (TCS); THAAD Tactical Operations Center (TOC); UAS Gray Eagle’s One Station Ground Control System (OSGCS) and Universal Ground Control System (UGCS).
Other customers comprise the likes of IAMD/IBCS, Current Force Patriot Adapter (CFPA), the Missile Weather Toolkit (MWeT), and CFD Research Corp., 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 young, 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 six 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 periodic bonuses, while its executive team mentors younger 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.