PRESS RELEASE: RENOVO SOLUTIONS RANKS ON THE 2016 INC. 5000 WITH THREE YEAR GROWTH OF 420%
Irvine, CA (September 26, 2016) – RENOVO SOLUTIONS announced today that Inc. Magazine ranked RENOVO as No. 940 on its 35th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small businesses. RENOVO also ranked at No. 85 in the Healthcare Industry for 2016.
“It’s a very exciting time for RENOVO at this point in our company’s history. All this success could not be achieved without the hard work and dedication of our employees, as well as through great relationships with our clients,” says Sandy Morford, CEO of RENOVO SOLUTIONS.
The 2016 Inc. 5000, unveiled online at www.Inc.com and with the top 500 companies featured in the September issue of Inc. Magazine 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.
“Over the past three years, not only have our revenues grown significantly, but we have added over 200 full-time employees nationwide to meet the needs of our customers. I’m proud to acknowledge that RENOVO has one of the lowest employee turnover rates, and one of the highest customer retention rates, among all competitors in our industry,” states Sandy Morford.
“The Inc. 5000 list stands out where it really counts,” says Inc. President and Editor-In-Chief Eric Schurenberg. “It honors real achievement by a founder or a team of them. No one makes the Inc. 5000 without building something great – usually from scratch. That’s one of the hardest things to do in business, as every company founder knows. But without it, free enterprise fails.”
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. 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. For more information, visit www.inc.com.
About RENOVO SOLUTIONS
RENOVO SOLUTIONS provides technology management solutions to reduce costs, increase quality, and improve equipment performance in healthcare facilities and life science organizations nationwide. They also provide unbiased technology management consulting. For more information, visit www.renovo1.com.