Utopia grows exponentially for third straight year
PRNewswire
MUNDELEIN — For the third year in a row, Utopia Inc. was ranked as of America’s fastest-growing private companies as reported by Inc. Magazine rankings.
Utopia experienced a record revenue growth of 263 percent. The magazine recognizes the creativity, dedication, and hard work that has gone into establishing Utopia as a leader in data solutions leveraging their proprietary Enterprise Data Lifecycle Management T methodology.
“Utopia is experiencing a tremendous amount of growth right now. Demand for reusable and scalable data solutions such as ours, combined with ‘big data’ initiatives globally are perfectly aligned,” said Arvind J. Singh, co-founder & CEO of Utopia. “We are humbled and thrilled to have jumped over 800 spots to make it into the top echelon on the prestigious Inc. list. This validates our in-market success, and value proposition for our customers.”
Singh said each year companies lose millions of dollars due to poor decision making based on inaccurate data.
“Not having reliable and high quality data is a choke point for our customers to run their businesses effectively. Utopia is unique in the way we deliver a comprehensive data solution that allows our customers to ‘get it clean, and keep it clean,’” he added.
Despite the fact that most of this year’s measuring period of 2007-2010 took place during a stagnant economic environment, median growth rate of 2011 Inc. 500/5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.
“Utopia is proud to have been a contributor to the 350,000 jobs being created and still continues to hire at a rapid rate daily. We are already looking forward to see where we will rank in 2012,” stated Singh.
Utopia Inc. is a global data consulting and services firm employing Utopia’s proprietary Enterprise Data Lifecycle ManagementT (EDLM) methodology.