Inc Magazine released that Orases, a custom software and digital agency earned a spot on the prestigious Inc. 5000 list for 2018. Recognized for being one of the top fastest-growing private companies in America, Orases’ revenue has grown 146.14% since 2014. Orases is the only custom software focused business on the Inc. 5000 list for 2018.
The Inc. 5000 list represents a unique look at the most successful companies within the American economy’s most dynamic segment — it’s independent small businesses. Orases’ representation on the list is accompanied by companies like Yelp, LinkedIn, Microsoft, and Intuit. Companies that made the list, on average, have grown sixfold since 2014. Not only have the companies on the Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2%, and a median rate of 171.8%. The Inc. 5000’s aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years.
“We could not be more proud of our continued growth as we produce meaningful work that is helping our clients disrupt their industries,” President Nick Damoulakis stated. “We feel very accomplished to be the only Frederick-based custom software company to make the list.”
Not only has Orases’ revenue exceeded their growth projection, but their workforce has increased by 108% over the past four years, accompanied by a turnover rate of a mere 4.2% in an industry where the average turnover rate is 35%. With this growth, Orases has kept a Net Promoter score of 80 in an industry where the standard score is 11. Their score is a remarkable 471% higher than the industry average — an exceptional accomplishment alongside keeping a 96% client retention rate.
Orases empowers thought leaders, growth companies and visionary leaders to unlock their greater profitability and company valuation through strategic technology tools. Their team of expert software developers, designers and solution architects are all highly motivated to grow businesses. Orases’ expertise is in product design and strategy, UX design services, custom software development, mobile app development, software modernization, SaaS product development and software modernization.
“If your company is on the Inc. 5000, it is due to unparalleled recognition of your years of hard work and sacrifice,” says Inc. editor in chief James Ledbetter. “The lines of business may come and go, or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”