SproutLoud Lands on the Inc. 500|5000 List of America’s Fastest-Growing Private Companies for Second Year Straight
Sunrise, FL — August 23, 2011 — Due to a phenomenal three-year sales growth of 471 percent, Inc. magazine ranked SproutLoud Media Networks No. 678 on its exclusive Inc. 500|5000 list of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. This accomplishment follows on the heels of the company’s newest software release earlier this year, and the company was one of only 7 South Florida companies on the 2010 Inc. 500 list to remain on the 2011 Inc. 500|5000 list.
“We have put in a tremendous amount of thought and effort toward developing a software platform capable of meeting our clients’ current and future local marketing needs, culminating in the introduction of version 3.0. I’m proud to see our team’s results reflected in our ranking again in 2011, and we look forward to continuing the trend in 2012,” stated Jared Shusterman, Founder and Managing Partner.
In a stagnant economic environment, SproutLoud outpaced the median 94 percent growth rate of all 2011 Inc. 500|5000 ranked companies. The companies on the 2011 list also report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
“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,” says Inc. magazine Editor Jane Berentson.
Methodology for the Inc. 500|5000
The 2011 Inc. 500|5000 list is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2010. (The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology.