New York, NY – (August 21, 2012) - Utopia Global Inc., a leading enterprise data solutions provider, today announced that the company’s growth trajectory has earned it recognition on Inc.’s 31st annual list of the nation’s 500 fastest growing private companies. In the prior three years, 2009-2011, Utopia was designated an Inc. 5000 growth company, steadily improving its ranking with each successive year.
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth between 2008 and 2011.
Utopia's revenues have grown at a compound annual growth rate (CAGR) of 106 percent between 2008 and 2011. The company’s 2010 revenues more than doubled over 2009, resulting in a year-over-year growth rate of 240 percent, and Utopia’s 2011 revenues more than tripled compared to the previous year, growing by 343 percent.
"We are honored that for the fourth year in a row Inc. has recognized us as one of America's fastest growing companies," said Arvind J. Singh, President and CEO of Utopia. “This year we are especially thrilled to get recognized among the Top 500 fastest growing companies vs. being in the Top 5,000 list in the previous three years. As a global enterprise data solutions company, our success and growth comes from being able to help our clients get better insights into their business, something we enable by fully harnessing the power of their data.”
The 2012 Inc. 500|5000 list represents the most comprehensive look at the economy’s most important segment—America’s independent entrepreneurs. Companies such as Microsoft, Zappos, Intuit, Jamba Juice, Zipcar, Clif Bar, Vizio, and Oracle, among many others of today’s most successful firms, gained their earliest exposure as members of the Inc. 500|5000.
The 2012 Inc. 500, unveiled in the September issue of Inc. (available on newsstands Aug. 21st to Nov. 15th, as well as on Inc.com), is the most competitive crop in the list’s history. To make the cut, companies had to have achieved a staggering minimum of 770 percent in sales growth when comparing 2008 to 2011.
The Inc. 500’s aggregate revenue is $15.7 billion, with a median three-year growth of 1,431 percent. The companies on this year's list employ more than 48,000 people and generated over 40,000 jobs in the past three years. Complete results of the Inc. 500|5000, including company profiles and an interactive database sorted by industry, region, and other criteria, can be found at www.inc.com/500."
"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,” said Eric Schurenberg, Inc. magazine Editor.
ABOUT UTOPIA, INC.
Utopia, Inc. is a global Enterprise Data Solutions provider that leverages its proprietary Enterprise Data Lifecycle Management™ (EDLM™) methodology. It serves customers in multiple industries, including oil & gas, mining, utilities, manufacturing, high tech, consumer goods and retail, with unique methodologies to deliver significant cost savings and improvements that help unleash the true potential of the enterprise. Its solutions include strategic roadmap development, systems integration, data strategy and master data management (MDM), as well as data migration, quality and governance services.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, LLC is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit: inc.com.
About the Inc. 500|5000 Conference:
Each year, Inc. and Inc.com celebrate the remarkable achievements of today’s entrepreneurial superstars—the privately held small businesses that drive our economy. The Inc. 500|5000 Conference & Awards Ceremony brings together members of the Inc. community, both a new class of Inc. 500|5000 honorees and the list’s alumni, for three days of powerful networking, inspired learning, and momentous celebration. Please join us October 3–5, 2011, at the JW Marriott Desert Ridge Resort & Spa in Phoenix, Arizona. For more information about the 2012 Inc. 500|5000 Conference & Awards Ceremony and to register, visit www.inc500conference.com or call 866-901-3205.