Virginia Beach, Aug. 29, 2012 (GLOBE NEWSWIRE) -- reQuire Release Tracking, the largest release tracking company in the country, announced today that the company is ranked 4,023 on the 2012 Inc. 5000, Inc.'s exclusive annual ranking of the nation's fastest-growing private companies. With this accomplishment, reQuire joins the rarified community of enterprises that have appeared on the list multiple times. The list represents the most comprehensive look at the most important segment of the economy - America's independent-minded entrepreneurs.
"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. Editor Eric Schurenberg.
Now celebrating more than 10 years of release tracking, reQuire is the largest release tracking company in the United States. With nearly one million transactions added to reQuire's database overall, the company employs 55 team members and reports a three-year revenue growth of 36%.
"The mortgage and title industries have a duty to earn back the trust of landowners and home purchasers," says Daniel R. Morris, CEO and founder of reQuire Release Tracking. "reQuire has built its reputation on the principle to restore consumer trust and certainty in closing mortgage transactions; the impetus behind reQuire's successful growth though a turbulent real estate market."
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 a web-based release tracking servicethat 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 2012 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 Release Tracking
reQuire Release Tracking 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 an innovative solution for effectively tracking and reporting the release of liens, allowing them to spend their time on more profitable revenue generating tasks.
About Inc's Inc. 5000
The 2012 Inc. 500|5000 is ranked according to percentage revenue
growth when comparing 2008 to 2011. To qualify, companies must have
been founded and generating revenue by March 31, 2008. They had to
be U.S.-based, privately held, for profit, and independent--not
subsidiaries or divisions of other companies--as of December 31,
2011. (Since then, a number of companies on the list have gone
public or been acquired.) The minimum revenue required for 2008 is
$100,000; the minimum for 2011 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.