Bozeman-based Wisetail Featured as #1 Fastest Growing MT Tech Company on the Inc. 5000 List
(Bozeman, Mont.) – Indie tech firm, Wisetail, a leading learning management system (LMS) provider is ranked as one of the fastest growing companies in the U.S. on this year’s Inc. 5000 list. Inc. magazine’s annual ranking provides the most comprehensive look at America’s independent entrepreneurs and their contributions to the nation’s economy. Wisetail is ranked the #1 fastest growing tech firm in Montana followed by their friends at Elixiter. According to Inc. 5000, the annual list celebrates companies that are the “superheroes of the U.S. economy. America’s fastest-growing private companies wield powers like strategy, service, and innovation.”
Without a dime of venture capital, Wisetail has seen 17 straight quarters of rapid, sustainable growth including a 553% growth rate over three years and well over 2,000% over four years. Wisetail attributes the growth to its #INDIETECH philosophy of intentionally rejecting venture capital in order to provide customer service that more closely resembles the hospitality industry than the software industry. Wisetail also credits a culture of employee engagement, striving to be a great place to work and the unique outdoor way of life Montana has to offer as key drivers of growth.
“It’s an honor to be recognized for our team’s hard work and dedication to aggressive growth as an independent company. We have long believed that rejecting venture capital and striving to be a great place to work would result in sustainable high-growth and innovation – this is great validation of those efforts.”
Just weeks ago, Wisetail earned a featured spot on the national Great Place to Work list. In total, companies included on the 2016 Inc.5000 list have achieved a median growth rate of 1,580.5 percent over the past three years and created a total of 55,704 jobs.
Located at the base of one of Montana’s best trail systems, Wisetail’s #INDIETECH business model has successfully bucked the Silicon Valley tech startup trend by growing to serve more than 1 million users without a dime of outside financing. Wisetail is an award-winning learning management system (LMS) company hand-built from scratch in 2009 in Bozeman, Montana. Wisetail has grown more than 100% per year becoming both a rising star and a disruptive force in the fields of eLearning and employee engagement by delivering world class learning management and unequaled customer support. An elite group of discerning clients are choosing Wisetail’s unique platform to build their brand, culture and community in the same place their organization learns, grows and communicates. The company powers great places to work.
Wisetail is leading the #INDIETECH movement, which is a business philosophy and strategy based on the same tenets of indie rock: guarding that sacred relationship between the technology makers and the users. At its core, this startup strategy values independence from venture capital because it leads in better, more sustainable scaling. Learn more here.
The key point is: an #INDIETECH company can grow as fast as a venture-backed company while retaining freedom, building real value and achieving the ultimate competitive advantage: becoming a great place to work.