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AvePoint Named to the Inc. 500 List of Fastest Growing American Companies
The Inc. 500 List, which recognizes the nation's fastest growing privately-held companies, ranks AvePoint #412 with three-year revenue growth of 713%
Jersey City, New Jersey — August 26, 2010 — AvePoint, the leading provider of infrastructure management software solutions for Microsoft SharePoint, today announced that it has been named to the 2010 edition of Inc. 500 List, which recognizes America's fastest growing private companies. The list spotlights the entrepreneurs whose business models and innovations have driven their companies to achieve unparalleled growth. With revenue growth of 714% over the past three years, AvePoint joins the ranks of Microsoft, Zappos, Intuit, GoDaddy, Zipcar, Clif Bar, American Apparel, and Oracle, who have all appeared on the Inc. 500 List in years past.
"We are very excited to be named to the Inc. 500 List for 2010", said Dr. Tianyi (TJ) Jiang, AvePoint's Co-CEO. "When we founded AvePoint our goal was to deliver the best products and services in the industry by listening to our customers and empowering our team members, so everyone would be invested in our success. Being named to the Inc. 500 List is further evidence that our strategy is working, and we are both honored and humbled by the recognition."
Since its founding in 2001, AvePoint has become the world's largest provider of infrastructure management software solutions for Microsoft SharePoint Products and Technologies. AvePoint's award-winning DocAve Software Platform is recognized as the industry standard for comprehensive and scalable SharePoint backup and recovery, administration, replication, migration, archiving, deployment management, reporting, storage optimization, and content lifecycle management. With offices on four continents and customers in over 60 countries, AvePoint technologies protect, manage, optimize, and integrate the SharePoint environments of customers around the world.
"Fast growth at any time is a big achievement; fast growth during the past few years is just short of miraculous," said Inc. editor Jane Berentson. "The Inc. 500 consists of these just-short-of miraculous companies, the ones that through ingenuity and ambition have increased revenue, hired employees, and grown fast in difficult economic times."
The 2010 Inc. 500, unveiled in the September issue of Inc. magazine (available on newsstands August 24 to November 16 and on Inc.com), is a group of companies that are smaller but much faster-growing than last year's crop. Aggregate revenue is $11.3 billion—down from last year's $18.4 billion—but median three-year growth is 1,231 percent, substantially up from last year's 880.5 percent. The companies on this year's list employ more than 45,000 people. Complete results of the Inc. 500, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at Inc.com/500.
Despite the ongoing recession, the 2010 Inc. 500 offers a glimpse of the future of the U.S. economy. In the health sector, which saw aggregate revenue of $1.1 billion and a 917 percent median growth rate, businesses are moving forward on cancer and stem-cell research, clinical trials, and medication management. More than 25 percent of companies in the energy sector ($2.5 billion aggregate revenue; 942 percent median growth rate) focus on solar and other alternative sources. Fewer than a third of retailers ($356 million aggregate revenue; 914 percent median growth rate) have even a single brick-and-mortar store. And the number of companies providing technical services to the various branches of the federal government continues to rise.
For more information about the 2010 Inc. 500/5000 List, please visit www.inc.com.
For more information about AvePoint and its products and services, please visit www.avepoint.com
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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 712,647, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.
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