PALO ALTO, August 27, 2018 — Intellectsoft has significantly improved its position in the recently updated Inc. 5000, the most recognized annual rating of the fastest-growing private companies in the US. According to Inc. Magazine, Intellectsoft has demonstrated a solid 80%+ annual revenue growth over the last three years, rooting the company in the first thousand of the list of the top-performing businesses in the country.
Since 1982, the Inc. 5000 list has honored the extraordinary journeys of the fastest-growing companies in America. Many of the past honorees have grown into such iconic brands as Microsoft, Timberland, Chobani, and Oracle. Collectively, the companies on this year’s list amassed $206.2 billion in revenue in 2017, a 158 percent increase from 2014’s $79.8 billion.
“We consider this leap of 857 positions up in Inc. 5000 a remarkable achievement, but it did not come as a surprise,” noted Michael Minkevich, the recently appointed, new CEO of Intellectsoft. ”We continue executing our vision of Intellectsoft as a high-end technology consulting boutique as our investments are paying back, and we are glad to see more global industry leaders entrusting us with mission-critical Digital Transformation projects. Our next milestone is to break into Inc 500.”
Following that strategy, over the past twelve months Intellectsoft has successfully launched Augmented Reality and Blockchain Labs, serving as hubs for IP and technical expertise related to mixed reality (MR) applications and distributed ledger technologies (DLT), respectively. The company has also added more than 30 new customers to its global portfolio.