Inc. Magazine Unveils Its Annual Exclusive List of America’s Fastest-Growing Private Companies — the Inc.500|5000

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Kitware Ranks #1572 on the 2011 Inc. 500|5000 with Three-Year Revenue Growth of 175%

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“We are honored to receive this award for the fourth year,” said Will Schroeder, CEO. “We view this as further evidence that enabling talented researchers to work collaboratively leads not only to good technology, but also to commercial success.

Inc. magazine today ranked Kitware Inc. #1572 on its fifth annual Inc. 500|5000, an exclusive ranking 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. Online retailer ideeli tops this year’s list. Kitware joins Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokane, makers of the Rabbit corkscrew, among other prominent brands featured on this year’s list.

Kitware, one of the fastest growing software companies in the country with an Inc. magazine industry rank of 118, is known for creating high-quality open-source software and state-of-the-art technology in the fields of informatics, computer vision, medical imaging, software process, data management and scientific visualization. Kitware regularly collaborates with government agencies, national research labs, and prestigious academic institutions to provide commercial solutions to some of today’s most challenging research problems.

This is the fourth consecutive year that Kitware has made the Inc.500|5000 list, predominantly attributed to its talented workforce and the success of its open-source business model. Kitware provides a fun, flexible and collaborative work environment where employees can see their contributions make a difference in areas such as healthcare and national security. This enables Kitware to attract passionate, talented people to fuel the explosive growth occurring now in open-source software development. Kitware has already hired 23 new employees in 2011, and still has many remaining open positions to fill this year.

“We are honored to receive this award for the fourth year,” said Will Schroeder, CEO of Kitware. “We view this as further evidence that enabling talented researchers to work collaboratively leads not only to good technology, but also to commercial success.”

Even in a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list 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.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at http://www.inc.com/5000.

Contact:
Nicole Messier
Corporate Communications for Kitware
Office: 518.306.4029
E-mail: nicole(at)portfolioprgroup(dot)com

Methodology

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 Kitware

Kitware, Inc. is a leader in the creation and support of open source software and state of the art technology, and is one of the fastest growing software companies in the country. Kitware leverages its open-source communities and diverse technical expertise to provide advanced custom solutions for a host of complex technical problems. Founded in 1998, Kitware's team is widely recognized for their major contributions to a variety of open-source software systems including the Visualization Toolkit (VTK), the Insight Segmentation and Registration Toolkit (ITK), CMake and ParaView. Kitware has made an impact in areas such as visualization, data publishing, medical imaging, quality software process, computer vision and informatics. Among Kitware's global customers and collaborators are a variety of academic research facilities, government institutions and private corporations worldwide. Kitware's products and services include software support, consulting, custom application development and training and productivity tools that leverage open source systems. For more information, please visit http://www.kitware.com/.

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.

About the Inc. 500|5000 Conference

Each year, Inc. and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars—the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list’s alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us September 22–24, 2011, at the Gaylord National Resort and Convention Center in National Harbor, Maryland, located minutes from downtown Washington, D.C. For more information about the 2011 Inc. 500|5000 Conference & Awards Ceremony and to register, visit http://www.inc500conference.com or call 866-901-3205.

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Nicole Messier
Kitware
518 306 4029
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