Inc. Magazine: Elemental Ranked Second-Fastest Growing Private Software Company in America
Elemental Technologies is the fifty-second fastest growing private company in America, according to Inc. magazine. From 2008 – 2011, Elemental grew revenue 4,518 percent and helped clients like HBO, ESPN, and Comcast stream video to smart phones, tablets, and computers. This growth rate makes Elemental the fastest growing private company in Oregon and the second-fastest growing privately held software firm on the list.
“We are extremely honored to be named one of America’s fastest growing private companies by Inc. Magazine,” said Sam Blackman, CEO and co-founder of Elemental. “Over the last three years, Elemental was fortunate to grow significantly in a challenging economy, thanks to an extremely talented, dedicated team and a rapidly growing market. Along with positive feedback from our customers, this ranking validates the team’s hard work and we are more excited than ever about the future of Elemental and the IP video industry.”
“Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” said Inc. Magazine Editor Eric Schurenberg.
The Inc. 500 | 5000 list provides a comprehensive look at private companies in the United States. The 2012 list is the most competitive in the list’s history. To make the cut, companies had to achieve a minimum of 770 percent in sales growth. The aggregate revenue of companies on the Inc. 500 list is $15.7 billion, with a median three-year growth of 1,431%.