Virginia Beach, Virginia, Sept. 13, 2011 (GLOBE NEWSWIRE) -- reQuire Release Tracking, the largest release tracking company in the country, announced today that the company is ranked 4001 on the 2011 Inc. 5000, Inc.’s exclusive annual ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy - America’s independent-minded entrepreneurs.
"The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression," said Inc. president Bob LaPointe. "The 2011 Inc. 5000 showcases a particularly hardy group of entrepreneurs."
reQuire Release Tracking currently has over 1200 customers in 32 states, the Virgin Islands, and the District of Columbia. With more than 140,000 transactions added to reQuire’s database in 2010, the company employs 48 team members and reports a three-year revenue growth of 32%.
"This recognition exemplifies that reQuire’s adherence to the basic principles of customer-centric service and delivery of more than what our customers expect, will not only outpace slow economic times but also accelerate company growth", says Daniel R. Morris, CEO and founder of reQuire Release Tracking. "Our leaders and staff have put these principles into action and equally share in the honor of this award."
reQuire Release Tracking was founded in 2002 to solve the mortgage lien release issue plaguing the settlement services and title industry. Since then, it has transformed the post-closing process with our release tracking service, a web-based system that allows attorneys, settlement agents, and title companies to track, report, and obtain real estate mortgage lien releases quickly, easily and inexpensively.
As an Inc. 5000 honoree, reQuire Release Tracking shares a prestigious pedigree with such notable alumni as Intuit, Zappos, Under Armour, Microsoft, Jamba Juice, and scores of other powerhouses. Complete results of the 2011 Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on www.inc.com/5000.
About reQuire, LLC
reQuire is the leading lien release tracking and reporting service in the real estate settlement services industry. Its primary customers are companies performing real estate settlements and disbursing payoff funds to satisfy lien requirements. reQuire’s core value proposition is to help settlement companies and attorneys improve operations and increase profitability by providing a "no-cost" solution for effectively tracking and reporting the release of liens. reQuire’s Internet-based release tracking services (www.titletracking.com) relieves this burden from the attorney or settlement agent and allows them to spend their time on more profitable revenue generating tasks.
About Inc’s Inc. 5000
For more than 30 years, Inc’s list has served as evidence of the significant accomplishments of enterprises. And, more than ever, this year’s list is a testament to the creativity, resilience, and tenacity of America’s top entrepreneurs. The 2011 Inc. 500|5000 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 based in the United States, 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.