FALLS CHURCH, VA, August 23, 2011 - Elicere,Inc.—a DC Metro area IT services and software development firm—placed No. 707 on Inc. magazine’s fifth annual Inc. 500|5000 ranking of America’s fastest-growing private companies. In addition, Elicere placed #68 of IT Service companies. The recognition in this exclusive ranking, announced earlier this week, is based on Elicere’s impressive growth of 447 percent over three years, in spite of the stagnant economic environment. Since the data was submitted to Inc. at the end of 2010, Elicere’s rapid growth has continued its sharp upward momentum, almost doubling its employee base since January of 2011.

 

More than Four Times the Median Growth Rate of the 5000 Ranked Companies

With a proven track record of creating, implementing and supporting unique commercial off-the-shelf (COTS) and custom IT services for government and private sector clients, Elicere joins Spirit Airlines, TV maker Vizio, Honest Tea, and Dunkin Donuts among other prominent brands featured on this year’s list. The median growth rate of all 5000 companies in the rankings was notable at 94 percent, and yet Elicere’s growth rate was more than four times that number.

Inc. 500|5000 Methodology

Each year, Inc. celebrates the remarkable achievements of today’s entrepreneurial superstars—the privately held small businesses that drive our economy. The 2011 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent. The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million.