Dogtown Media Returns to the Inc. Magazine Ranking of 5000 Fastest Growing Companies in America for the 2nd Straight Year
Dogtown Media returned to the annual Inc. 5000 of the Fastest Growing Companies in America at #547. The mobile technology studio grew 917% since 2014, retaining its place on the list where Apple, Microsoft, and many other well-known names gained their first national exposure.
LOS ANGELES, Aug. 15, 2018 /PRNewswire-PRWeb/ -- Inc. magazine today revealed that Los Angeles-based mobile app developers, Dogtown Media is No. 547 on its 37th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy's most dynamic segment—its independent small businesses. Microsoft, Dell, Domino's Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
"This honor is a testament to the commitment and hard work of our team," said Dogtown CEO and Co-Founder, Marc Fischer. "It is a privilege to be recognized by Inc. Magazine for the 2nd year in a row, as Dogtown Media grows from strength to strength. We've been fortunate to explore revolutionary new mobile solutions with mHealth and Machine Learning in the past year, and I'm excited to see what ground-breaking work the team produces next!"
Not only have the companies on the 2018 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2 percent, and a median rate of 171.8 percent. Dogtown Media exceeded this with a phenomenal three-year growth rate of 917%, in no small part due to significant strides made by incorporating Artificial Intelligence into its value offering. The Inc. 5000's aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years.
"If your company is on the Inc. 5000, it's unparalleled recognition of your years of hard work and sacrifice," says Inc. editor in chief James Ledbetter. "The lines of business may come and go, or come and stay. What doesn't change is the way entrepreneurs create and accelerate the forces that shape our lives."
Based in Los Angeles, Dogtown Media leverages dynamic design and disruptive development to deliver innovative app solutions. To date, the mobile technology studio has created over 200 mobile apps spanning industries including mHealth, the IoT, and FinTech.
More about Inc. and the Inc. 5000
Methodology
The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies — as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 is $2 million.
SOURCE Dogtown Media
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