Baltimore-based Company Ranks No. 1078 on the 2008 Inc. 5,000
With Three-Year Sales Growth of 348%
Baltimore, MD — Inc. today announced Social Solutions, the leading provider of performance management software for the human services sector, as No. 1078 on its annual ranking of the 5,000 fastest-growing private companies in the country. The list is the most comprehensive look at the most important segment of the economy – America’s independent-minded entrepreneurs. Taken as a whole, these companies represent the backbone of the U.S. economy.
“Our second annual Inc. 5000 continues the most ambitious project in business journalism,” said Inc. 5000 Project Manager Jim Melloan. “The Inc. 5000 gives an unrivalled portrait of young, underreported companies across all industries doing fascinating things with cutting-edge business models, as well as older companies that are still showing impressive growth.”
Founded by human service workers, Social Solutions seeks to revolutionize the effectiveness of human service, social service, and other nonprofit organizations by helping them align their missions, funders’ expectations, and the daily work of their staffs. Social Solutions ETO Software® provides a central platform that makes it possible to understand and manage the performance of point of service staff, individual agencies, and the community of services as a whole. More than 2,500 nonprofit organizations currently rely on Social Solutions ETO Software® and accompanying professional services to better measure, plan and manage the effectiveness of their activities and ensure the greatest impact.
“Being recognized as one of Inc’s fastest-growing companies is a testament to the innovative and hard-working team we have here at Social Solutions,” said Matt Schubert, CEO of Social Solutions. “Our success can be attributed not only to our dedication to strategic growth but also by our whole-hearted belief in what we do, striving to increase the effectiveness of the nonprofit industry one organization at a time.”
The 5000 companies that made the list reported aggregate revenue of $185 billion and median three-year growth of 147 percent. Most important, the 2008 Inc. 5000 companies were engines of job growth, having created more than 826,033 jobs since those companies were founded. Complete results of the Inc. 5000, including company profiles and a list of the fastest-growing companies that can be sorted by industry and region can be found at www.inc5000.com.
Methodology
The 2008 Inc. 5000 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, for profit, independent – not subsidiaries or divisions of other companies – as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
Companies can apply for next year’s Inc. 5000 by registering with “IncBizNet, Business Network for Private Companies”, at www.incbiznet.com.
About Social Solutions and ETO Software®
Social Solutions challenges and equips human service providers and their funders to turn good intent into measurable change by relating efforts to outcomes. Social Solutions’ industry leading performance management solution, ETO Software, is used by thousands of organizations to clearly assess which of their efforts is having the greatest impact on the social issues they strive to address. With this knowledge, organizations can optimize their performance by reinforcing what works, adjusting what doesn’t work, and more easily reporting quantified successes to key stakeholders.
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