OKLAHOMA CITY, Aug. 26 /PRNewswire/ -- Web development company, Element Fusion, achieved yet another milestone in its history of industry-leading growth as Inc. Magazine named the company to its prestigious Inc. 5000 list for the third consecutive year. Despite operating in a period of economic recession and its commitment to a debt-free and investor-free position, Element Fusion has again demonstrated top-tier revenue growth. The Inc. 5000 listing ranks privately-held companies from across the United States on the basis of revenue growth over the previous three-year period. Element Fusion's growth of 81% from 2006-2009 places it at #2,774 on the 2010 listing. The company was previously ranked #2,341 and #1,469 on the 2009 and 2008 listings respectively. "We are humbled and honored by the continued support of our customers, which makes this type of recognition possible," states Ryan Whitaker, co-founder and CTO of Element Fusion. "We're also thankful to every member of our team. They truly are the best in the business."
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Element Fusion produces web-based software products, including its flagship product, LightCMS, which is a content management system for web designers. The business model of LightCMS, a subscription-based service which allows web designers and web design companies around the world to private-label and resell the product as their own, is a primary driver of Element Fusion's revenue growth.
Also remarkable is Element Fusion's commitment to debt-free and investor-free operations, a rarity among technology companies. The company's ability to continue industry-leading growth with no outside funding amplifies the success of its business model year over year.
"We've always believed in funding our company with its own profits," explains Whitaker. "We've been profitable from day one and that's demonstrated to our customers that they can count on us for the long term."
About Element Fusion
Element Fusion builds elegant, web-based software products at its headquarters in Oklahoma City.
http://www.elementfusion.com
SOURCE Element Fusion
For further information: Tim Wall, Director of Product Marketing of Element Fusion, +1-405-948-8300, ext. 114, tim@elementfusion.com
