How to Achieve Fast Growth Year After Year? Ask I.T. Source
Inside the only company in 2014 to make it into the exclusive Inc. 500 Hall of Fame. Originally appeared on Inc.com.
It’s quite a feat when a company finds itself on the annual Inc. 500. To qualify in 2014, privately-held U.S. companies must have been generating revenue since at least 2010. The minimum acceptable revenue for that year was $100,000, while the minimum for 2013 was $2 million. The average revenue growth rate in that three-year span among Inc. 500 companies was 1,896 percent.
One of those companies this year can add another feather to its cap: Hall of Fame status.
I.T. Source, the Los Angeles-based technology services firm, became the 69th entrant to Inc.’s Hall of Fame–that is, the pantheon of businesses that have landed on the Inc. 500 at least five times since the magazine began tracking America’s fast-growing, private companies 33 years ago.
What’s more, I.T. Source has made the list five consecutive times. In 2013, the company pulled in $102.8 million in revenue, a 1,075 percent uptick since its $8.7 million figure in 2010. Over that period, I.T. Source also added 32 employees, reaching today’s tally of 40. It clocks in at number 444 this year; in the years prior, I.T. Source landed on the Inc. 500|5000 variously at numbers 179, 26, 46, and 135.