[August 17, 2016]

Formstack Announces Award Honors and New VP of Product

Formstack, a software-as-a-service (SaaS (News - Alert)) company that helps businesses manage information and automate workflows through a suite of powerful online form tools, announces continued growth and recognition.

Following momentum from 2015, Formstack continues to experience internal company and revenue growth in 2016. The 10-year-old business has been recognized among the fastest-growing private American companies for the third time, placing 1,974th on the 2016 Inc. 5000 list. Notable companies that share Formstack's alumni status include Intuit, Zappos, Under Armor, Microsoft, GoPro, and Oracle (News - Alert). Powerful newcomers to the list include Square, Dollar Shave Club, ipsy, and YETI.

Formstack was also chosen as one of the Indianapolis Business Journal's 2016 Fast 25, an annual list of the fastest-growing private companies in Indianapolis. Additionally, Ashley Walsh, director of marketing at Formstack, was selected as one of the 2016 TechPoint Tech 25, an award that honors Indiana's tech product and company builders.

"Our organization has experienced a continual and steady rise in both our workforce and revenue in recent years. Just last year we announced a 102 percent jump in our workforce and a 50 percent increase in our year-over-year revenue growth," said Chris Byers, CEO of Formstack. "We're excited to be included on the Inc. 5000 list among other fast-growing private companies in the nation-in addition to the recognition we recently received as one of IBJ's Fast 25. Our continued success lies largely in the hands of our Talent Team, who helps ensure we're recruiting and retaining the best employees for our innovative and hard-working culture."

As a result of consistent growth and a developed culture that breeds hard work and innovation, Formstack continues to hire talent to grow the company internally. Matt Taylor has joined the team as the VP of product,where he will lead the Product Team to enhance and scale Formstack's online forms solutions.

"Formstack is a hidden gem based in Indianapolis that is successfully leveraging a distributed workforce, a pure SaaS product and an impressive attention to detail around serving and adding value for customers," Taylor said. "I was really attracted to this company for its people and their focus on the hiring and onboarding process, as well as the amazing culture they have built and nurtured on an ongoing basis."

Prior to joining Formstack, Taylor was the VP of development at yikes, where he architected an IoT platform leveraging cloud, mobile and device networking within the organization. Before yikes, Taylor spent 17 years at Interactive Intelligence as a visionary and leader who brought to market a real-time speech analytics product; led the growth of an outbound dialing platform, which accounted for 25 percent of product revenue; and was named on two patents for technological innovation.

In addition to the recent award honors and new hire, Formstack achieved several wins in 2016's Q1 and Q2:

• Announced 10-year anniversary
• Secured integrations with Pardot and Act-On
• Launched the 2016 State of Lead Capture Report
• Improved Theme Editor functionality for streamlined form styling
• Introduced Simple Mail Transfer Protocol (SMTP) integration, allowing users the option to send emails through their own server using Formstack
• Became one of the Best Places to Work in Indiana for the fourth straight year

In the second half of 2016, Formstack will continue focusing on product enhancements and helping businesses create streamlined workflows across multiple departments. The company remains committed to growing and developing products that deliver powerful solutions to help businesses gather better information to make better decisions.

For more information about the 2016 Inc. 5000 list, visit inc.com/inc5000. For a complete list of 2016 IBJ Fast 25 winners, visit www.ibj.com/fast25-2016. For a list of 2016 TechPoint Tech 25 winners, visit techpoint.org/tech-25-winners-2016. And for more information about Formstack, visit www.formstack.com.

About Formstack

Formstack is a versatile online form solution that streamlines processes for capturing and managing information. With Formstack, businesses and teams of all types and sizes can easily create and use online forms to automate repetitive business processes and gain rich insights. People can embed forms directly onto their websites and social media profiles to capture leads, as well as use online forms to collect payments, gather feedback, and streamline internal workflows. This flexibility enables organizations to simplify their data collection while expanding their resources.

Whether an HR director is trying to streamline recruiting and hiring processes or a marketer is looking for an easier way to collect leads or organize events, Formstack's form builder has the power and flexibility to help any team succeed and make better business decisions. Learn more at www.formstack.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160817006071/en/

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