Ranking No. 4226 With a Three-Year Sales Growth of 80 Percent
RESTON, Va., Aug. 28, 2018 (GLOBE NEWSWIRE) -- Carahsoft Technology Corporation, The Trusted Government IT Solutions Provider™, announced today that Inc. magazine has ranked it #4226 on the 37th annual Inc. 5000 List of most inspiring and fastest growing private companies in America.
The 2018 Inc. 5000 rankings are based on percentage of revenue growth from 2014 to 2017. During this time, Carahsoft achieved a three-year growth rate of 80 percent. In 2017, Carahsoft’s revenue exceeded $4.1 billion, earning Carahsoft the following additional distinctions as a top revenue producer:
- The #1 revenue producer in Government Services
- The #1 revenue producer in the Virginia and DC Metro areas
- The #1 revenue producer among the 11-Time Honorees
- The #3 revenue producer among all 5000 companies
“It is an honor to be included again on the Inc. 5000 List of fastest growing, privately owned companies in America,” said Craig P. Abod, president of Carahsoft. “Our long-standing presence on the list is driven by our success developing mutually beneficial, long-term, strategic relationships with our Government customers, IT solutions vendors and reseller ecosystem.”
The companies on the Inc. 5000 list produced a combined total of $206.2 billion in revenue in 2017 and accounted for over 664,095 jobs over the past three years.
“If your company is on the Inc. 5000, you have received unparalleled recognition for your years of hard work and sacrifice,” says Inc. editor-in-chief James Ledbetter. “The lines of business may come and go, or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”
Since its founding in 2004, Carahsoft has provided the public sector market with IT solutions from thousands of technology vendors, prime contractors, system integrators, value-added resellers and other channel partners. In 2017, the company booked over $4 billion in sales and expanded its team to 900 sales, marketing, customer service and contracting professionals.
About Carahsoft
Carahsoft Technology Corp. is The Trusted Government IT Solutions Provider™. As a top-performing GSA Schedule and SEWP contract holder, Carahsoft serves as the master government aggregator for many of its best-of-breed technology vendors, supporting an extensive ecosystem of manufacturers, value-added resellers, system integrators, and consulting partners committed to helping government agencies select and implement the best solution at the best possible value.
The company's dedicated Solutions Divisions proactively market, sell and deliver VMware, Palo Alto Networks, Symantec, Veritas, Dell, Adobe, F5 Networks, Google Cloud, ServiceNow, Open Source, Micro Focus Government Solutions, SAP, Salesforce, and Innovative and Intelligence products and services, among others. Carahsoft is consistently recognized by its partners as a top revenue producer, and is listed annually among the industry's fastest growing and largest firms by CRN, Inc., Forbes, Washington Technology, The Washington Post, Washington Business Journal, and SmartCEO. Visit us at www.carahsoft.com or follow us on Twitter and Facebook.
Methodology
The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2017. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 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 18,000,000 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.
For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.
Mary Lange
press@carahsoft.com