Press Release - August 20, 2014
Velocity Technology Solutions Named to Inc. Magazine's 33rd Annual List of America's Fastest-Growing Private Companies - the Inc. 5000
Velocity Technology Solutions, Inc., (Velocity), a global leader in cloud application hosting for enterprise and business software, is pleased to announce that it has been included as no. 4,298 on Inc. magazine’s 33rd 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.
This is the first time Velocity has appeared on the Inc. 5000 list, reflective of the company’s significant growth over the past few years. The 2014 Inc. 5000, unveiled online at Inc.com, is the most competitive group in the list’s history. The Inc. 5000’s aggregate revenue is $211 billion, generating 505,000 jobs over the past three years. 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 www.inc.com/inc5000.
Inc. 5000 Methodology
The 2014 Inc. 5000 is ranked according to percentage revenue growth when comparing 2010 to 2013. To qualify, companies must have been founded and generating revenue by March 31, 2010. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2013. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2010 is $100,000; the minimum for 2013 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
Velocity Technology Solutions, Inc.