Procurement News Notice |
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| PNN | 2497 |
| Work Detail | Industry-specific software, unparalleled customer retention rates and a SaaS-based business model helped Orchestra Software climb the ranks in 2016 to earn the no. 1236 spot on the Inc. 5000 list of fastest growing companies in America. This marks the third consecutive year on the list for Orchestra Software, which generated $5.2M in revenue. Since 2008, Orchestra Software has developed software to replace generic book keeping software, spreadsheets and web applications with an all-in-one solution tailored to the unique processes and requirements of craft beverage manufacturers. Orchestra Software solutions are deemed the industry standard for business management software in the craft beverage space. Company president, Brad Windecker cites continued industry mergers, increased competition and a growing reputation as key factors behind Orchestra’s growing prevalence: “Industry consolidation and increased competition has prompted small business like craft breweries to reevaluate their current business processes, tools and other systems,” said Windecker. “We provide a proven, scalable platform for companies of all sizes, across varying industries, to analyze every aspect of their business. Streamlining and automating the mundane processes is critical in today’s increasingly competitive landscape.” While alternatives may provide short term relief, Orchestra’s all-in-one solutions provide a long term, scalable platform for businesses, as evidenced by an annual customer attrition rate of less than one percent. These combined factors formulate a successful long-tail revenue model for Orchestra. “Our SaaS business model is set up in such a way to ensure growth,” added Windecker. “Based on the historical success of this model, we anticipate to be among the Inc. 5000 fastest-growing companies for years to come.” The consistent growth will also allow Orchestra Software to have a local impact as well by increasing its workforce nearly 30% by the end of 2016. More about Orchestra Software Orchestra Software is a privately-held enterprise software company founded in 2008. Orchestra creates industry vertical solutions that are scalable for large companies yet affordable enough for small and midsize growing companies. Orchestra Software’s business management software, known as Orchestrated, consolidates all company operations into a single application, providing unparalleled insight into the business, creating opportunity for cost savings and increasing profitability. Orchestra Software has received numerous awards, including a recent nomination as one of Oregon’s top 50 fastest-growing private companies by the Portland Business Journal. More about Inc. and the Inc. 500|5000 The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2015. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2012 is $100,000; the minimum for 2015 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.'s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000. |
| Country | United States , Northern America |
| Industry | Information Technology |
| Entry Date | 03 Sep 2016 |
| Source | http://www.pressreleaserocket.net/orchestra-software-among-inc-5000-fastest-growing-companies-for-third-consecutive-year/ |
