Aug. 19 /PRNewswire/ -- Granicus, Inc., the top provider of government transparency and collaboration technologies specifically designed to improve the way citizens interact with government, has been ranked the 419th fastest-growing private company in America on Inc. magazine's prestigious 2009 Inc. 500 list.
The company's 617.9% revenue growth from 2005-2008 also secured its position as the 45th fastest-growing company in the government services industry and the 18th fastest-growing company in the San Francisco Bay area. Overall, Granicus has experienced over 3,600 percent revenue growth since 2003.
"We're honored to receive this distinction. Being named to the Inc. 500 list underscores our ability to provide an effective product that meets the maturing government need for increased levels of transparency, operational efficiency, citizen participation, and collaboration. Our consistent revenue growth can be attributed to the hard work of the Granicus team and our deep dedication to creating innovative technologies and delivering industry-leading customer service," says Spengler.
Granicus products are currently used by over 550 government agencies. The company manages the world's largest government webcasting network, streaming an average of 5,000 government meetings per month and managing over 600,000 hours of archived content. Visit the company's Client Stats page to view a live aggregation of streaming media stats from all levels of government. The top performing agencies include: the City of Los Angeles, CA; Olelo Community Television, HI; the Arizona State Legislature; the City and County of San Francisco, CA; King County, WA; the City of Indianapolis, IN; the City of Fort Worth, TX; Miami-Dade County, FL; and many more.
"An important part of our growth--especially critical in the recent economic downturn--has been maintaining consistently high client retention and referability rates. Our 99.6% client retention rate, combined with our 97.5% referability rate, indicates that we've been a successful, trustworthy, and reliable government partner. We're excited to strive to maintain this rate in the coming year through continued customer success and satisfaction with our products. This means we'll keep a sharp focus on helping our clients achieve success through an immediate and long-term return-on-investment from our solutions. Additionally, we'll continue to stay highly proactive and responsive in our services and support to ensure we meet and exceed client expectations," adds Spengler.
Methodology
The 2009 Inc. 500 measures revenue growth from 2005 through 2008. To qualify, companies must have been founded and generating revenue by the first week of 2005, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.-based, privately held, for profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2008. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2005 is $200,000; the minimum for 2008 is $2 million.
About Granicus
Granicus, Inc. is the leading provider of comprehensive government solutions for improving transparency, public participation, and collaboration over the Web. Granicus offers an extensive platform to help public agencies to create, manage, and distribute live and on-demand streaming media content. The technology was built to support and enhance public meeting communications, internal trainings, citizen engagement, and public education programs--while reducing staff time and costs. Granicus is the only provider with the experience and capabilities to tightly integrate webcasting, online training, citizen collaboration, and public meeting management tools into the existing processes, systems, and infrastructure of government.
About Inc. Magazine
Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.
