DALLAS, TX and NEW YORK, NY, Sept. 19, 2011 (GLOBE NEWSWIRE) -- Inc. magazine today ranked Synerzip at number 2387 on its fifth annual Inc. 500|5000, an exclusive ranking of the America's fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy--America’s independent entrepreneurs. Online retailer ideeli tops this year’s list. Synerzip joins Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokane, makers of the Rabbit corkscrew, among other prominent brands featured on this year’s list.
In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
"Now, more than ever, we depend on Inc. 500|5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is," says Inc. magazine Editor Jane Berentson.
Synerzip, an innovative software company, focuses on serving small/mid-sized, typically venture-backed technology companies. Synerzip’s team, with its expertise in Agile practices and software product development, assists its clients in building innovative and leading edge products in a capital efficient manner.
"We work in a collaborative partnership with our clients, who consider us as a logical extension of their in-house engineering team," said Hemant Elhence, Founder & CEO of Synerzip. Hemant added, "We bring not only a significant cost advantage to our clients, but also bring in deep expertise in cutting edge areas such as mobile app platforms - e.g. Android and iOS, SharePoint development, and Cloud technologies -e.g. Amazon EC2, Google App Engine, VMWare’s Cloud Factory, and Microsoft Azure. Hemant continued, "All this, delivered following Agile software practices - responsive yet highly disciplined to deliver high quality software."
Methodology
The 2011 Inc. 500 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 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 www.inc.com/500.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
About Synerzip
Synerzip, based in Dallas, Texas, serves small/mid-sized companies with dual-shore (US + India based) Agile software product development and QA/testing services. Synerzip was founded in 2004 by a seasoned team of software professionals, who deeply understood the common pitfalls of software development. Synerzip helps its clients leverage the offshore advantage without the upfront risk, hassle factor, and set-up costs. Synerzip’s offshore development center is located in Pune, India. As a true partner, Synerzip allows its clients to take over its offshore team and turn it into their own captive operation. Synerzip's clients include leading privately funded technology companies, such as 360Commerce, Tangoe, Credant Technologies, Servient, CMS Globalsoft, Skywire Software, Pavilion Technologies, Gimmal Group, PDX/Rx.com, ClearOrbit, UnWired Buyer, MediaCart, BarFly, NeoFirma, iTKO, eGistics, Quickoffice, CoreTrace, FuelQuest, Hart InterCivic, SocialMuse, etc.