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

Every year, Inc. magazine ranks “America’s Fastest-Growing Private Companies” and this year 21 tech companies based in Indiana made the Inc. 5000 list. Thirteen of the 21 companies are past TechPoint Mira Award nominees and winners, including three top honorees from 2017:

  • Tech Service of the Year: Fizziology
  • Scale-up Company of the Year ($100K-$5M): DoubleMap
  • Scale-up Company of the Year ($5M-$20M): ClearObject

DoubleMap, a four-time TechPoint Mira Award winner, broke into the Inc. 500 last year at 93rd overall and remained among the top 10 fastest growing tech companies in Indiana this year.

“DoubleMap is proud that our growth has resulted in back-to-back Inc 5000 appearances,” said Ilya Rekhter, co-founder and CEO. “It serves as validation that a continued focus on company culture can lead to better products, happier clients, and sustained revenue growth.”

Now in its 36th 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.

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

RANK COMPANY METRO GROWTH REVENUE INDUSTRY TIMES ON LIST
399 SupplyKick * Indianapolis 1098.15% $6.8m Retail 2
577 Fizziology * Indianapolis 785.31% $4.6m Advertising & Marketing 2
702 SmartBox Web Marketing New Albany 646.40% $6.0m Advertising & Marketing 1
1141 SmarterHQ * Indianapolis 366.66% $5.7m Software 2
1382 ClearObject * Fishers 295.21% $15.3m IT Services 4
1674 Formstack * Indianapolis 233.23% $9.7m Software 4
1725 The Mako Group Indianapolis 225.47% $2.2m Security 1
1814 DoubleMap * Indianapolis 212.83% $4.1m Logistics & Transportation 2
2151 DeveloperTown * Indianapolis 169.29% $8.2m Software 1
2157 Hanapin Marketing * Bloomington 168.80% $6.8m Business Products & Services 4
2794 Element Three Indianapolis 122.20% $7.8m Advertising & Marketing 4
2822 Rook Security * Carmel 121.04% $8.8m Security 4
3210 MS Companies * Indianapolis 100.98% $94.5m Business Products & Services 4
3719 Bottom-Line Performance New Palestine 80.43% $3.7m Business Products & Services 3
3881 iSalus Healthcare Indianapolis 74.87% $6.1m Health 1
4312 Lewellyn Technology Indianapolis 60.25% $10.5m Engineering 3
4464 enVista * Carmel 55.72% $82.3m Logistics & Transportation 7
4530 Renaissance Electronic Services * Indianapolis 54.43% $32.3m Software 2
4598 Blackink IT Indianapolis 51.86% $2.6m IT Services 1
4664 RICS Software * Indianapolis 49.97% $6.4m Software 6
4833 Convoy Technologies Fort Wayne 45.45% $3.7m Logistics & Transportation 4

Information as presented by Inc. magazine. GROWTH is over three years and REVENUE is from 2016.

Quotes from Indiana leaders about making the Inc. 5000

“It is an incredible achievement to be listed among the nation’s fastest-growing companies for the fourth time in a row, an accolade that is as much our clients’ and partners’ as it is our own,” said Tiffany Sauder, president of Element Three. “The Inc. 5000 demonstrates just how difficult it is to remain ahead of the technology and industry expectations set by an ever-changing marketplace. While many companies make the list, so many more do not. So while we are humbled and excited to be growing alongside our clients, it is our team’s commitment to reaching forward into the future without resting on past achievements that keeps us great.”

“I’m thrilled that SupplyKick is honored as part of Inc. Magazine’s fastest growing companies in America” SupplyKick CEO Josh Owens said. “We are excited by the continued growth we see for the company and the impact we can have on both the retail industry and the Indianapolis community. As Amazon’s marketplace continues to evolve, more and more brands are searching for ways to optimize their presence and create a strategy for success.”

“We’re honored to once again be recognized by Inc. for the tremendous growth our team has achieved,” said Michael Osborne, CEO and president of SmarterHQ. “Through our own development, we’ve engaged new industries beyond retail, such as financial services and travel and hospitality, helping executives at top brands leverage the right customer data to create real-time insights into consumer behavior across all platforms in order to personalize communications – effectively driving sales, increasing revenue, and bolstering brand loyalty.”

“Year one on the list was hard. Now in our 4th year in a row, it’s a testament to the dedication and talent of our team, especially as they accomplished this while evolving from project revenue to 85 percent recurring revenue, said JJ Thompson, founder and CEO of Rook Security. “Through rapid innovation in a market that moves at the speed of data, we constantly strive to stay at the forefront of cyber security.”

“We’re energized and honored to once again be included on the Inc. 5000 list among other fast-growing private companies in the nation. Our continued growth and success is the result of a developed company culture that breeds hard work and innovation,” said Chris Byers, CEO of Formstack. “We’re continuing to enhance our platform in order to create effective solutions for our customers.”

Annakin_CIRCLE (2)“ClearObject’s success and the accolades we receive are rooted in the hard work and dedication of our employees, but it wouldn’t be possible without the enthusiastic support of our partners and, most importantly, our clients,” said John Annakin, Chief Revenue Officer of ClearObject. “Every single person who works at ClearObject is 100 percent committed to delivering an unbelievable level of innovation and service excellence to our clients as we continue to deploy and manage their Internet of Things solutions.”

Becker_CIRCLE“RICS is proud to make the Inc 5000 list for the 6th consecutive year. According to Inc. Magazine, only 4% of applicants have ever made the list 6 times! RICS owes this extraordinary and sustained achievement to our people (present and past), clients, and partners,” Jason Becker, CEO, RICS Software said.

This year’s highest climbers on the list

  • Formstack climbed 300 spots from 1974 to 1674
  • Lewellyn Technology climbed 98 spots from 4410 to 4312

The 2017 Inc. 5000 is the most competitive crop in the list’s history. The average company on the list achieved a mind-boggling three-year average growth of 481%. The Inc. 5000’s aggregate revenue is $206 billion, and the companies on the list collectively generated 619,500 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.

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

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 2017 Inc. 5000 is ranked according to percentage revenue growth when comparing 2013 to 2016. To qualify, companies must have been founded and generating revenue by March 31, 2013. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2016. The minimum revenue required for 2013 is $100,000; the minimum for 2016 is $2 million.

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 13,000,000 today.

BlackInk IT

CATEGORY: Consulting IT, Technology/Services CITY: Indianapolis

BlackInk IT’s mission is to provide managed IT operations and infrastructure services to equip businesses to achieve their objectives.

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ClearObject

CATEGORY: Internet of Things (IOT), Service Provider Technology CITY: Fishers

IoT Systems Innovator connecting your bold ideas to the Internet of Things.

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DeveloperTown

CATEGORY: App Development, Consulting/Dev IT Services CITY: Indianapolis

DeveloperTown helps leaders validate, design, and build new products.

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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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Element Three

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

Element Three is a full-service marketing agency that works across channels to solve real business problems for market-leading organizations

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Fizziology

CATEGORY: Marketing/Design/Sales Services, Media CITY: Indianapolis

A social media research firm that uses real-time information from social media to provide meaningful business intelligence.

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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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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 improves the way organizations ranging from Fortune 100 firms to fast-growing startups defend their digital assets and manage risk.

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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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The Mako Group

CATEGORY: Security Technology/Services CITY: Indianapolis

Cybersecurity, risk, audit and advisory firm that uses industry standards and leading practices to provide customized, high quality work.

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ABOUT THE AUTHOR

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