22 Indiana tech companies make Inc. 5000 ‘Fastest Growing’ list

Inc. magazine ranks “America’s Fastest-Growing Private Companies” every year and this year 22 Indiana tech firms made the Inc. 5000 list. DoubleMap, a three-time TechPoint Mira Award winner, broke into the Inc. 500 and will be featured in the September issue of the magazine.

Indiana

Now in its 35th year, the annual Inc. 500|5000 list looks at one of the most important new job creating segments of the economy — America’s independent entrepreneurs. TechPoint focuses on this segment as well through the Tailwind Program, which helps entrepreneurs access critical resources to accelerate their scale-up companies and become tomorrow’s successes.

Twelve of the Indiana tech companies on the Inc. 500|5000 list are also TechPoint Mira Award nominees and winners. It’s never too early to start thinking about entering next year’s Mira Awards and to start collecting data and stories that will make up the content of your application.

Additionally, it’s worth noting that 31 percent of the 72 Indiana companies that made this year’s list are tech companies.

* Denotes past and present TechPoint Mira Award nominees and winners.

RANKING COMPANY NAME 3-YR GROWTH REVENUE INDUSTRY METRO AREA STATE TIMES ON LIST
93 DoubleMap * 3415% $3.5m Logistics & Transportation Indianapolis, IN Indiana 1
637 InfraWare * 608% $5.4m Software Terre Haute, IN Indiana 1
669 SmarterHQ * 585% $3.8m Software Indianapolis, IN Indiana 1
701 Sells Group 563% $2.3m Advertising & Marketing Indianapolis, IN Indiana 1
724 Rook Security * 544% $8.5m Security Indianapolis, IN Indiana 3
853 Sondhi Solutions 463% $12.6m IT Services Indianapolis, IN Indiana 3
1009 CloudOne * 393% $10.4m IT Services Indianapolis, IN Indiana 3
1163 PolicyStat * 333% $3.5m Software Indianapolis, IN Indiana 2
1474 Pondurance 260% $3.2m IT Services Indianapolis, IN Indiana 1
1767 Hanapin Marketing * 211% $4.5m Business Products & Services Bloomington, IN Indiana 3
1974 Formstack * 188% $7.2m Software Indianapolis, IN Indiana 3
2171 T2 Systems * 169% $67.1m Software Indianapolis, IN Indiana 8
2396 MS Companies 151% $87.7m Business Products & Services Indianapolis, IN Indiana 3
2801 SmartIT Staffing 125% $47.9m IT Services Indianapolis, IN Indiana 5
3435 Bottom-Line Performance 95% $3m Business Products & Services Indianapolis, IN Indiana 2
3444 enVista 94% $61.3m Logistics & Transportation Indianapolis, IN Indiana 6
3525 N2N Technologies 90% $2.1m IT Services Indianapolis, IN Indiana 1
3772 PTS Diagnostics 81% $45.1m Health Indianapolis, IN Indiana 6
3907 Equian 76% $86.4m Health Indianapolis, IN Indiana 6
4143 RICS Software * 67% $5.6m Software Indianapolis, IN Indiana 5
4266 Renaissance Electronic Services * 63% $31.4m Software Indianapolis, IN Indiana 1
4861 Allegient * 45% $31.9m IT Services Indianapolis, IN Indiana 5

Information as presented by Inc. magazine.

Quotes from Indiana leaders about making the Inc. 5000

Ehrlich_CircleSteve Ehrlich, president of PolicyStat, which climbed seven spots to 1163, said “We are excited and grateful to be on the list again this year as it serves as outside validation that we are doing something right.”

Annakin_CIRCLE (2)“CloudOne is honored to be included on the Inc. 5000 list and extremely proud to have received such a prominent national distinction three years running. Consistent and sustainable growth as well as strong year-over-year performance help set us apart and serve as a testament to our team’s hard work and dedication to building ideal Internet of Things solutions,” said John Annakin, chief revenue officer of CloudOne.

Becker_CIRCLE“We are proud of our continued year-over-year growth and I especially want to thank our team, clients, and industry partners who’ve all helped make RICS a thriving organization,” Jason Becker, CEO, RICS Software said.

Gallant_CIRCLEAllegient President and CEO Gregg Gallant said, “This is a prestigious list and the Allegient team owes the nod to our clients who have not only partnered with us on consulting projects, but believed in our team year over year as we’ve grown our footprint in the Midwest and nationally. With 90% of our revenue generated by repeat clients, we believe long-term partnerships with our clients is a critical element in our ongoing growth.”

This year’s highest climbers on the list

  • Sondhi Solutions climbed to 853 from 2190
  • PolicyStat climbed to 1163 from 1170
  • Hanapin Marketing climbed to 1767 from 1988
  • Bottom-Line Performance climbed to 3435 from 4049
  • Equian climbed to 3907 from 4387

The 2016 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. (available on newsstands August 23) is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year growth of 433%. The Inc. 5000’s aggregate revenue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three years, or about 8% of all jobs created in the entire economy during that period. 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.

TechPoint also offers a hat tip to six other tech enabled companies and friends of the tech community for making this year’s Inc. 5000 list!

RANKING COMPANY NAME 3-YR GROWTH REVENUE INDUSTRY METRO AREA STATE TIMES ON LIST
4 eLuxurySupply.com 23620% $30.6m Retail Evansville, IN-KY Indiana 2
270 Carved 1480% $2.5m Consumer Products/Services Elkhart-Goshen, IN Indiana 1
502 Fizziology 756% $2.7m Advertising & Marketing Indianapolis, IN Indiana 1
1884 The Basement 198% $5.3m Media Indianapolis, IN Indiana 2
2045 Element Three 183% $6.7m Advertising & Marketing Indianapolis, IN Indiana 3
4608 TrendyMinds 53% $6.6m Advertising & Marketing Indianapolis, IN Indiana 4

Information as presented by Inc. magazine.

More about Inc. and the Inc. 500|5000 from the original Inc. press release

Methodology

The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2015. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2012 is $100,000; the minimum for 2015 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

About Inc. Media:

Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Winner of the National Magazine Award for General Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 15,000,000 today.  For more information, visit www.inc.com.

The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation’s most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates their remarkable achievements. The event also offers informative workshops, celebrated keynote speakers, and evening functions.

ClearObject

CATEGORY: Cloud/Hosting Technology, Internet of Things (IOT) CITY: Fishers

ClearObject connects your ideas to the Internet of Things.

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DoubleMap Inc.

CATEGORY: Transportation Technology CITY: Indianapolis

DoubleMap provides transit software that enhances the rider experience and improves operational efficiency.

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Formstack

CATEGORY: Internet of Things (IOT), Marketing/Sales Technology CITY: Indianapolis

An online form builder that gives users the power to make smart decisions through streamlined data management.

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Hanapin Marketing

CATEGORY: Marketing/Design/Sales Services, Technology/Services CITY: Bloomington

Hanapin Marketing is a premiere digital marketing agency focused exclusively on PPC (pay-per-click) marketing.

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PolicyStat LLC

CATEGORY: Compliance Technology CITY: Carmel

PolicyStat provides cloud-based, industry-leading policy management solution for healthcare.

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Pondurance

CATEGORY: Consulting IT, Security Technology/Services CITY: Indianapolis

Pondurance provides organizations with the solutions needed to transform the way they plan, prepare, and manage their security program.

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Renaissance Electronic Services, LLC

CATEGORY: Healthcare Technology, Service Provider Technology CITY: Indianapolis

Connecting dental offices, insurance companies, and patients in real-time.

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RICS Software

CATEGORY: E-Commerce, Technology/Services CITY: Indianapolis

A SaaS retail management and point of sale solution that enables retailers to run their businesses using cloud-based, real-time technology.

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Rook Security

CATEGORY: Security Technology/Services, Technology/Services CITY: Indianapolis

Rook Security is a global provider of technology-enabled services to anticipate, manage and eliminate cyber threats.

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SmarterHQ

CATEGORY: Big Data/Analytics, Marketing/Sales Technology CITY: Indianapolis

SmarterHQ is a multi-channel behavioral marketing platform that empowers B2C marketers to personalize customer interactions in real-time.

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Sondhi Solutions

CATEGORY: Consulting IT, Service Provider Technology CITY: Indianapolis

Our number one goal is to deliver the RIGHT solution, with the RIGHT resource, for the RIGHT price at the RIGHT time.

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T2 Systems

CATEGORY: Transportation Technology CITY: Indianapolis

We contribute to our customers’ success by delivering mission-critical technology, solutions and expertise in the parking industry.

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ABOUT THE AUTHOR

Joshua Hall is editor of techpoint.org. He writes about Indiana tech companies, jobs, people & events. @joshua2349