Fueled By Three-Year Sales Growth of 219%, Recommind Listed as a Top 100 Software Company on the Annual Inc. 5000 list
SAN FRANCISCO, September 29, 2010 – Recommind, the leader in predictive information management, today announced that it was named one of the top 100 fastest growing software companies on the fourth annual Inc. 5000, an exclusive ranking of the nation’s fastest growing private companies. The list represents a comprehensive look at the most central segment of the economy – America’s independent-minded entrepreneurs.
The ranking coincides with several recent Recommind announcements demonstrating torrid growth across all of its product lines. The demand for Recommind’s eDiscovery, Enterprise Search and Content Categorization solutions has skyrocketed as law firms and enterprises demand cost predictability, far greater review efficiency and deep insight into matters from the outset. Some of the aforementioned growth highlights include:
- 961% revenue increase for Axcelerate™ on Demand, with new cases jumping 425%
- 500% leap in customers purchasing multiple or bundled products
- 300% increase in revenue over 1H 2010
“This recognition comes at a very exciting time for Recommind. We’re seeing growth across all of our product lines and penetrating deeper into markets such as government, pharmaceuticals, energy and the enterprise,” said Recommind CEO Robert Tennant. “Inc. and the Inc. 5000 are important barometers for the US economy. The entrepreneurialism that created Recommind still drives us today and this recognition is a testament to that.”