Carahsoft is honored to be recognized for our outstanding performance by the industry, trade press and, most importantly, our partners.
RESTON, Va.—October 1, 2014--Carahsoft Technology Corp., the trusted government IT solutions provider, today announced it has been recognized by Inc. magazine as one of the nation’s fastest growing, privately held companies for the seventh consecutive year. The 2014 Inc. 500/5000 rankings were based on percentage of revenue growth when comparing 2010 to 2013.
With 2013 revenue of $1.7 billion, Carahsoft was among the top ten largest revenue producers out of the overall list of 5,000 companies. The company also was the largest revenue producer in its category, government services, and for Virginia. Carahsoft was once again on this year’s Honor Roll, which recognizes companies who have appeared on the list for at least five years. Over the past three years, Carahsoft has grown at a rate of 107 percent and has increased its number of employees by 132 percent.
“Carahsoft is honored to be recognized once again among the nation’s fastest growing, privately held firms,” said Craig P. Abod, president of Carahsoft, which provides information technology solutions to the public sector market. “We share this honor with our technology partners and resellers whose support makes our strong performance possible.”
Inc. president and editor-in-chief Eric Schurenberg added, "What surprises me, even though I know it’s coming, is the sheer variety of the paths our entrepreneurs take to success, thematically reflecting how our economy has evolved. But what doesn’t change is the fearsome creativity unleashed by American entrepreneurship.”
More about Inc. and the Inc. 500|5000
The 2014 Inc. 5000 is ranked according to percentage revenue growth when comparing 2010 to 2013. To qualify, companies must have been founded and generating revenue by March 31, 2010. They had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2013. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2010 is $100,000; the minimum for 2013 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 athttp://www.inc.com/5000.
About Inc. and the Inc. 5000
Founded in 1979 and acquired in 2005 byMansueto 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 over 6,000,000 today. For more information, visithttp://www.inc.com/.
The Inc. 500|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.