Bellevue, WA (PRWEB) August 24, 2012
MangoApps, the social intranet for mid-sized companies, today announced that Inc. Magazine ranked the company 163 on its 31st annual Inc. 500, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at this critical segment of the economy—America's independent entrepreneurs. Technology leaders such as Microsoft, Intuit, Vizio, Oracle, and many other well-known names gained early exposure as members of the Inc. 500. MangoApps was ranked as the third fastest private company in Seattle and number 16 overall in the software category.
The 2012 Inc. 500/5000, unveiled in the September issue of Inc. (available on newsstands August 21 to November 15 and on Inc.com), is the most competitive crop in the list's history. To make the cut, companies had to have achieved a staggering minimum of 770% in sales growth. The median growth rate of this year's Inc. 500 winners was calculated at 1,435% while MangoApp’s growth rate was a dramatic 2,058% in just three years.
“We are honored to be counted alongside some of the nation’s fastest growing and most innovative companies,” said Anup Kejriwal, CEO of MangoApps. “Teams today are looking for a single, integrated platform on which to collaborate on their projects and MangoApps is filling this gap for organizations that are looking for a simple and streamlined suite of collaboration applications.”
"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 Eric Schurenberg.
The 2011 Inc. 500 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. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/500.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (http://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. Visit us online at http://www.inc.com.
Founded in 2007 in Bellevue, Washington, MangoApps is a privately held company that transforms the way teams work together. MangoApps, the company’s suite of integrated applications enable businesses to improve productivity and execute on their business. MangoApps currently serve over a 40,000 users per month and have already been adopted by over 4,200 businesses and departments within enterprise in a wide range of industries, including technology, media, finance, health, education, non-profit and government. For more information please visit http://www.mangoapps.com