Greenville Company Makes Inc. Magazine's Exclusive List of America’s Fastest-Growing Private Companies—the Inc. 5000
August 16, 2009
Insurance Applications Group, LLC Ranks No. 8 on the 2009 Inc. 5000 List in the Insurance Industry category
With Three-Year Sales Growth of 368.4%
GREENVILLE, SC & NEW YORK – August 12, 2009 – Inc. magazine today ranked Insurance Applications Group NO. 8 on its third annual Inc. 5000 list, in the Insurance Industry category. The Inc. 5000 is an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent-minded entrepreneurs. Consumer electronics maker Vizio, Internet giant GoDaddy, rental car service Zipcar, and beverage maker Honest Tea are among the prominent brands featured on this year’s list.
“Savvy trend spotters and those who invest in private companies know that the Inc. 5000 is the best place to find out about young companies that are achieving success through a wide variety of unprecedented business models, as well as older private companies that are still expanding at an impressive rate,” said Inc. 5000 project manager Jim Melloan. “That’s why our list is so eagerly anticipated every year.”
Insurance Applications Group, LLC is a Greenville South Carolina based employee benefits design and communications firm with offices in Dallas TX, Jacksonville FL, and Charlotte NC. Insurance Applications Group, LLC specializes in the development of insurance products and benefit communication systems for the Temporary Employment and Staffing industries. IAG has installed its proprietary insurance plans at over 300 Staffing companies. In 2008, Insurance Applications Group processed over 1 million enrollment forms with over 380,000 employees enrolling in payroll deducted health insurance and benefits plans.
The 2009 Inc. 5000, unveiled today on Inc.com, serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list actually increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 are responsible for creating more than 1 million jobs since their founding, making the list perhaps the best example of the impact private, fast-growing companies can have on the economy. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found on Inc.com.
The Inc. 5000 at a Glance
Bolstered by this year’s No. 1 company, Northern Capital Insurance, Insurance emerged as the top industry, with an average growth rate of 667 percent. Other strong performers include Ovation Health and Life with 679.2 percent growth and Insurance Applications Group with 368.4 percent growth
In total, the companies on the Inc. 5000 have created more than 1 million jobs.
The Inc. 5000 posted an aggregate revenue of $214 billion in 2008, up nearly 16 percent from the previous year.
The Top 10 Inc. 5000 Companies Ranked by Growth
Rank, Company, Location, Industry, Year Founded, Three-Year Revenue Growth, 2008 Revenue
No. 1 Northern Capital Insurance, Miami, Insurance, 2003, 19,812.2%, $95 million
No. 2 National Retirement Partners, San Juan Capistrano, California, Financial Services, 2003 13,416.4%, $47.4 million
No. 3 Harley Stanfield, Washington, D.C., Real Estate, 2003, 13,350.3%, $38.4 million
No. 4 Perfect Fitness, Mill Valley, California, Consumer Products & Services, 2002, 12,749.3%, $63.5 million
No. 5 IntegraClick, Sarasota, Florida, Advertising & Marketing, 2002, 12,654.4%, $96.4 million
No. 6 Kiva Systems, Woburn, Massachusetts, Logistics & Transportation, 2003, 10,399%, $21.4 million
No. 7 Freedom Health, Tampa, Insurance, 2004, 10,035.3%, $182.8 million
No. 8 One Technologies, Dallas, Advertising & Marketing, 2000 9,946.4%, $50.7 million
No. 9 MediaTrust, New York City, Advertising & Marketing, 2004, 9,481.1%, $38.3 million
No. 10 Criterion Systems, Vienna, Virginia, Government Services, 2005, 8,433.7%, $20.3 million
