Minneapolis, MN (PRWEB) August 26, 2013 -- For the second consecutive year, Coherent Solutions has been named to the 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. Coherent Solutions joins LivingSocial, Bojangles’, Edible Arrangements, CDW, and Lifelock, among other prominent brands featured on this year’s list. Past members of the Inc. 5000 include well-known companies such as Microsoft, Zappos, Pandora, and Oracle.
In a stagnant economic environment, the median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year’s list report having created more than 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 billion. Coherent Solutions has a three-year sales growth of 108 percent. The Inc. 5000, ranked according to percentage revenue growth when comparing 2009 to 2012, was harder to get into this year than ever in its history.
“We are excited to have achieved this recognition for the second year in a row. Our commitment to superior customer service combined with global expertise, innovation and creativity made this possible and will continue to enable our growth in the years ahead,” stated Igor Epshteyn, CEO of Coherent Solutions.
Epshteyn also credits new practices in Business Intelligence and Mobile Development as well as expansions on the east coast as key contributors to Coherent Solutions revenue growth over the past three years.
“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,” said Eric Schurenberg, editor of Inc.
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/inc5000/list/2013/.
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 and outsourcing capabilities, please visit our website at: http://www.coherentsolutions.com/.
Robert Duff, Coherent Solutions, (612) 279-6263, [email protected]