Innovative medical tools and instruments sparks three-year sales growth of 334%
AUSTIN, Texas, Sept. 22, 2014
AUSTIN, Texas, Sept. 22, 2014 /PRNewswire-iReach/ — An innovative line of medical tools and instruments has helped Austin-based Genesys Spine achieve a three-year revenue growth rate of 334 percent, earning the company a spot on Inc. Magazine’s list of the nation’s fastest-growing private companies.
Founded in 2009, Genesys Spine climbed rather quickly to No. 1,296 out of 5,000 on the 33rd-annual list, known as the Inc. 500 | 5000, which represents the most comprehensive look at a critical segment of the economy – America’s independent entrepreneurs.
“Our growth and success stems from our commitment to listen and respond to the needs of the medical community,” said Genesys Spine Principal Joshua Kaufmann. “By creating a unique and innovative line of medical tools and instruments, we captured the attention, support, and even guidance of several dedicated surgeons who are our clients. Those surgeon-client relationships have spurred our three-year growth.”
The 2014 Inc. 5000 is the most competitive crop in the list’s history, with an aggregate revenue of $211 billion, generating 505,000 jobs over the past three years. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
“This year there are far more social media and far fewer computer hardware businesses than there were, say, six years ago,” says Inc. President and Editor-In-Chief Eric Schurenberg.
The annual Inc. 5000 event honoring all the companies on the list will be held from October 15 through 17, 2014 in Phoenix. Speakers include some of the greatest entrepreneurs of this and past generations, such as Michael Dell, Martha Stewart, host of the CNBC show “The Profit” Marcus Lemonis, Container Store Founder and CEO Kip Tindell, and Chobani Founder and CEO Hamdi Ulukaya.
“We’ve been very happy with our overall growth rate since we launched the company in late 2009,” said Kaufmann. “Currently we are on track for 2014 to see our highest revenues yet.”
Principal, Genesys Spine
1250 S. Capital of Texas Highway
Building 3, Suite 600
Austin, TX 78746
See the Genesys Spine Inc. 5000 profile.
METHODOLOGY OF THE INC. 5000
The 2014 Inc. 5000 is ranked according to percentage revenue growth when comparing 2010 to 2013. To qualify, companies must have been founded and generating revenue by March 31, 2010. They had to be U.S.-based, privately held, for profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2013. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2010 is $100,000; the minimum for 2013 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 www.inc.com/5000.
Media Contact: Joshua Kaufmann, Genesys Spine, (512) 381-7073, Josh.Kaufmann@genesysspine.com