Coherent Solutions earns 27th place on the Minneapolis/St. Paul Business Journal’s Fast 50

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Annual list of fastest growing private companies in the Twin Cities recognizes Coherent Solutions’ 94% growth from 2011 to 2013

The Minneapolis/St. Paul Business Journal has ranked Coherent Solutions number 27 on its 2014 Fast 50 list of the fastest growing private companies in the Twin Cities. Receiving entries from hundreds of contestants every year, The Business Journal ranks winners according to audited revenue reports. Coherent Solutions’ revenue has grown from $8.8 million in 2011 to $17 million in 2013, and its number of employees nearly doubled from 220 to 430 in that same time period.

“We are pleased to be included on this list,” stated Igor Epshteyn, CEO of Coherent Solutions. “By focusing on our clients’ needs as well as on our core competencies in application development and business intelligence, we’ve been able to maintain steady, reliable growth.”

Epshteyn also credits his company’s success to an institutional commitment to deliver top value and build long-term client partnerships. “Our employees are smart and engaged. They want to continue learning and challenging themselves with new technologies and projects,” he said.

When asked where he sees Coherent Solutions five years from now, Epshteyn told the Business Journal that he expects his company to hit $20 million in 2014, and to double that within five years. He also expects to nearly double staff to meet that growth.

About Coherent Solutions
Since 1995, Coherent Solutions has helped clients reduce development and maintenance costs and bring products and complex applications to market faster. With experienced teams in the U.S. and Eastern Europe, the company's model yields superior results as it combines expertise in commercial grade software development, a proven global delivery model, and a passionate commitment to client success. For more information on Coherent Solutions’ technology solutions, please visit our website at: http://www.coherentsolutions.com.

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Robert Duff
Coherent Solutions
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