BAINBRIDGE ISLAND, Wash., Aug. 27 /PRNewswire/ -- Avalara (www.avalara.com), the leading provider of web-based sales tax automation, announced today that the company was named to the prestigious Inc. 500 list, an exclusive ranking of the nation's fastest growing private companies.
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Avalara earned the position of 275 in the class of 2010, joining a list that has included such notable alumni as Intuit, Microsoft, Oracle, Visa and scores of other powerhouses. Avalara posted an impressive three-year revenue growth of 1,117%.
"We are thrilled to be named one of the nation's top entrepreneurial companies" said Avalara co-founder and CEO Scott McFarlane. "Inc. Magazine is the authority on entrepreneurship, recognizing significant accomplishments of enterprises like ours for more than 30 years. Making the top 500 is a testament to the power of our idea — that internet technology can revolutionize the way companies of all sizes handle sales tax compliance. In the end, our inclusion on this list is a result of the creativity, dedication, and hard work of our employees and partners, the vision of our investors, and the good business sense of our customers."
The 2010 Inc. 500 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. Avalara is joined on the Inc. 500 by 15 other Washington-based companies from across all business segments.
"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."
About Avalara
Based in Bainbridge Island, WA, Avalara – Microsoft's SaaS Partner of the Year for 2010 – is transforming the sales and use tax compliance process for businesses of all sizes. With point-and-click ease, Avalara provides the fastest, easiest, most accurate and affordable way for companies to address their statutory tax requirements. Avalara is the industry's most trusted provider of sales and use tax solutions, serving more than 25,000 licensed users located throughout the U.S., Canada, and abroad, delivering more than 300 million sales tax transactions, and filing and remitting more than $10 billion in sales & use tax collections per year. For more information, please visit www.avalara.com. To set up an interview with executive Scott McFarlane, please contact Yvonne Tomascak, Marketing Manager at Avalara, at 206-826-4900 x1149, or email yvonne.tomascak@avalara.com.
SOURCE Avalara
For further information: Yvonne Tomascak, Marketing Manager of Avalara, +1-206-826-4900, x1149, yvonne.tomascak@avalara.com
