SimpleSignal (News - Alert), a provider of cloud-based unified communications and collaboration solutions including a virtual PBX, has been one of the companies highlighted in the prestigious Inc. Magazine’s annual 500|5000 list of fastest growing private companies in the U.S.
This is the second consecutive year the company has earned this positioning after the magazine expanded its Inc. 500 list in 2009. It shares pedigree with companies like Yelp (News - Alert), Chobani, Pandora, Zappos, Microsoft and HubSpot.
Founded as a VoIP provider in 2007, SimpleSignal expanded its portfolio to include virtual PBX (News - Alert), SIP trunking and unified communications. Recently, SimpleSignal has been recognized as one of the first companies to extend video PBX telephony over the iPad, iPhone (News - Alert) and Android mobile devices.
“We believe that being included in the Inc. 5000 list two years in a row is the pinnacle of our achievement for the year,” said Dave Gilbert, founder and CEO of SimpleSignal, in a statement. “It says we accomplished our goal of being one of the best and brightest in a sea of tough competitors.”
The median growth rate of 2012 Inc. 500|5000 companies remains an impressive 97 percent. Aggregate revenue among the 2012 Inc. 500|5000 honorees reached $299 billion. And SimpleSignal showed significant revenue growth in 2010 and 2011in order to be recognized for this achievement.
“Even through the tough times, our channel partners continued to help us pave the way to a second year on the list,” added Ron Ireland, chief financial officer for SimpleSignal. “This award signifies our partners continued dedication to SimpleSignal, and we are truly grateful to have such a loyal group of agent partners in the field supporting us.”
A recent TMCnet piece notes that the increasing popularity of the virtual PBX industry specifically within the small business space was until pretty recently rather stagnant due to the fact that many firms in this space were worried about the upfront costs needed to get a system like that up and running.
According to Dan Bieler, an analyst at research firm Forrester, now approximately one out of every 10 organizations of this size use cloud-based communications.
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Edited by Jamie Epstein