Demand for Custom Software Development Services Fuels Growth
PORTLAND, Ore., August 14, 2019 – AltSource, one of the fastest-growing custom software development companies in the U.S., today announced it has been named on the Inc. magazine annual Inc. 5000 list of the country’s fastest-growing private companies for the sixth year in a row, having first appeared on the list in 2014.
“We are proud to be recognized on the Inc. 5000 list again this year,” said Dave Moore, president and founder, AltSource. “We credit our talented team of employees who develop and deliver exceptional technology solutions for our forward-thinking clients. AltSource continues to be at the leading edge of development and innovation, and we are well positioned for continued growth and expansion.”
The Inc. 5000 annual list is comprised of the nation’s fastest-growing privately held companies based on revenue growth percentage over three years. In the past five years, AltSource has seen a 218% revenue growth. AltSource was also recently recognized in Portland Business Journal’s Fastest-Growing Private 100 Companies list for 2019.
“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. editor in chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.” In a nod to AltSource’s rapid and sustained growth, Ledbetter added that only 3% of companies that have applied to be included on the Inc. 5000 list have been recognized for six years straight, as AltSource has done.
Leading the Way in Delivering Custom Applications in a Growing Market
AltSource provides strategic technology consulting and custom software solutions to companies of all sizes in all industries, including telecommunications, construction, manufacturing, agriculture, transportation, logistics, and more. Custom software development is a growing market, with companies striving to keep pace with the digital transformation of business, leveraging technology at the scale and pace needed to compete in the evolving marketplace. Worldwide spending of digital transformation is up, expected to reach $1.18 trillion in 2019, according to IDC.
Expertise Throughout the U.S. and Beyond; Poised for Continued Growth
Headquartered in Portland, Oregon, AltSource has an in-house team of technical experts, and continues to hire to meet the increased demand for custom software development. AltSource has U.S. offices in Oregon, California, Texas, and Florida. The company is looking to fill a number of positions including sales, project managers and coordinators, and software developers at all levels – at all locations. More information about open jobs can be found at www.AltSourceSoftware.com/Careers.
AltSource drives business excellence through custom technology solutions that solve critical business problems, optimize performance, and fuel growth. AltSource’s in-house team of more than 150 technical and business strategists develop solutions that help clients reimagine how technology can transform their business. AltSource forges partnerships built on a strong understanding of every client’s business goals and technology infrastructure to provide best-in-class, scalable solutions, that are 100-percent aligned to their current and evolving business needs. Through this type of partnership and an iterative approach to development, companies of all sizes and across any industry realize technology as key driver of a robust bottom line and success that positions them to outpace the competition. Founded in 2004, AltSource is headquartered in Portland, Oregon with offices in San Diego, California; Georgetown, Texas; Ashland, Oregon; and Jacksonville Beach, Florida. Learn more about AltSource at www.AltSourceSoftware.com.
More about Inc. and the Inc. 5000
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies — as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 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/inc5000.
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