Silver Spring, MD, Aug. 23, 2012 (GLOBE NEWSWIRE) -- Inc. magazine today ranked Sonatype on its 31st annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. The list represents the most comprehensive look at America's independent entrepreneurs, one of the most important segments of the economy. Sonatype, the Component Lifecycle Management leader debuts on the list at #451 and joins well-known companies such as Microsoft, Zappos, Intuit, Jamba Juice and Oracle to gain early exposure as members of the Inc. 500|5000.
"Sonatype is addressing a gaping hole in the way modern software is developed," said Wayne Jackson, CEO of Sonatype. "Our inclusion on the Inc. 500 list is a testament to the shifting software development landscape from custom-written software applications to component-based assembly of applications - and the need for greater control, visibility and management of externally sourced, open-source components. Sonatype is uniquely positioned to become a must-have technology used by every development team and organization throughout the world."
The most competitive crop in the list's history, the 2012 Inc. 500 will be unveiled in the September issue of Inc. magazine, available on newsstands and on Inc.com beginning Aug. 21. To make the cut, companies had to have achieved a staggering minimum of 770 percent in sales growth. The Inc. 500's aggregate revenue is $15.7 billion, with a median three-year growth of 1,431 percent. The companies on this year's Inc. 500 employ more than 48,000 people and generated over 40,000 jobs in the past three years.
"Now, more than ever, we depend on Inc. 500|5000 companies to spur innovation, provide jobs and drive the economy forward," said Eric Schurenberg, Editor of Inc. magazine. "Growth companies, not large corporations, are where the action is."
Complete results of the Inc. 500|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/500.
Methodology
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of Dec. 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million.
About Inc.
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. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to more than 6,000,000 today. For more information, visit www.inc.com.
About Sonatype
Sonatype is leading the component revolution. The company's innovative Component Lifecycle Management (CLM) products enable organizations to realize the promise of agile, component-based software development while avoiding security, quality and licensing risks. Sonatype operates the Central Repository, the industry's primary source for open-source components, housing more than 400,000 components and serving more than 7.5 billion requests per year from more than 60,000 organizations. The company has been a pioneer in component-based software development since its founding by Jason van Zyl, the creator of the Apache Maven build management system and the Central Repository. Since that time, Sonatype has been a leader in core, open-source software development ecosystem projects used by more than nine million developers including Nexus, m2eclipse, and Hudson. Sonatype is privately held with investments from New Enterprise Associates (NEA), Accel Partners, Bay Partners, Hummer Winblad Venture Partners and Morgenthaler Ventures. Visit: www.sonatype.com or follow Sonatype on Twitter @SonatypeCM
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