Careful choices played a key role
Arlington, VA (PRWEB) September 16, 2009
Each year, Inc. magazine produces its renowned list of the nation's fastest growing companies, dubbed the "Inc. 500." Consideration alone for a spot on the roll is hard earned - companies must have revenue of over $200,000 in their first year, and have attained at least $2 million in just four calendar years. In 2009, Ignited Discovery is on that list.
Achieving an astonishing growth rate of almost 700 percent in just three years, Ignited Discovery has seen revenue leap from $343,340 in 2005 to some $2.7 million in 2008 (http://www.inc.com/inc5000/2009/company-profile.html?id=200903600). This remarkable curve has easily secured Ignited a place on the vaunted list, where it joins prominent companies like Microsoft, Timberland, Intuit, Jamba Juice, Oracle, and Under Armour. The progressive e-Discovery company also went on to rank 34th amongst all businesses in the Washington, DC metro area.
Founders Russ Kaulback and Guggan Datta made Ignited Discovery a reality when they were just 22 years old - with only eight months of industry experience and a few thousand dollars in their pockets. Through the years, they've had to carefully balance entrepreneurial risk with conservative business decisions to beat the odds. But their success isn't all down to the numbers. "Careful choices played a key role," says co-founder Kaulback, "but the truth is we could never have done it without the unfailing support of family and friends, and of course, the dedication of our clients." According to the US Small Business Association, just two-thirds of small business startups survive the first two years, and fewer than half make it to four.
The duo blended off-the-shelf and proprietary software to develop customized solutions and services to meet the needs of dedicated clients. They've made their name by letting consistent hard work define the company, creating a unique team atmosphere in which every member is working intimately together for a common and tangible goal. And this pride in work is contagious: Now 18 employees strong, Ignited boasts a 100% employee retention rate in e-Discovery. "We couldn't have hoped for a more dedicated team - everyone from account representatives to junior analysts are willing to do whatever it takes to get the job done," Datta says.
Ignited Discovery thrives in an emerging and competitive niche industry, called e-discovery, assisting law firms and legal teams with pre-trial practices for building their cases, including forensics, discovery and review. The $2.7 billion industry grew by 43 percent in 2007 and is projected to sustain double-digit growth for at least several years, according to the 2008 Socha-Gelbmann annual industry survey.
Ignited Discovery's phenomenal success promises a continued growth pattern into 2010, with both of its founders enthusiastic and optimistic about the future.
To learn more about the Ignited Discovery success story, visit http://www.igniteddiscovery.com.