Utelogy Corporation debuted at No. 984 on the 37th annual Inc. 5000, a ranking of the nation’s fastest-growing private companies.
“As we celebrate this accomplishment, we look forward to another exciting year. In 2018, we started our global expansion, and now that we have our distribution channels in EMEA and Asia Pacific, we are seeing global brand recognition and expect to experience another solid year of growth,” Frank Pellkofer, Co-founder and CEO, said.
Utelogy’s growth in revenue also means an acceleration of its product efforts. The company is prepared to step up its development as it brings new technical resources and growth to its sales force.
This year’s Inc. 5000 list as a whole shows growth compared with prior lists, achieving a three-year average growth of 538.2 percent, and a median rate of 171.8 percent. The Inc. 5000’s aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years.
Complete results of the Inc. 5000 can be found on the company’s website.