SOURCE: Exigen Services

Exigen Services

September 02, 2009 08:00 ET

Exigen Services Achieves Second Consecutive Inc. 5000 Ranking

Acquisitions, Unique Service Offerings Key to Company's Consistent Compound Annual Growth Rate

SAN FRANCISCO, CA--(Marketwire - September 2, 2009) - Exigen® Services, the leading next generation application outsourcing provider, has been ranked for the second consecutive year on the Inc. 5000, Inc. magazine's annual list of America's fastest-growing private companies. The ranking in the 2009 Inc. 5000 was assured by Exigen Services' commitment to steady growth, with the company recording a three-year revenue growth from 2005 to 2008 of more than 255 percent, and maintaining a year-on-year compound annual growth rate (CAGR) above 35 percent.

The company also achieved Inc. 5000 rankings among the top 50 fastest-growing companies in the San Francisco area, and the top 100 largest companies by employee numbers. During the same period evaluated by the Inc. 5000, Exigen Services achieved a number of other recognitions for leadership in the application outsourcing industry, including the #1 ranking for software testing and quality assurance services in outsourcing in the 2008 Brown & Wilson "Black Book of Outsourcing." The company was also listed on the Global Services 100 and the International Association of Outsourcing Professionals' (IAOP) Global Outsourcing 100 for multiple years between 2005 and 2008.

After acquiring Russian-based Agile software development leader Starsoft Development Labs in 2007, Exigen Services continued its expansion strategy in 2009 by acquiring Chinese-based application outsourcing provider Taihoo Technologies. The acquisition of Taihoo created Exigen Services' first local base of operations in the Asia-Pacific market. Taihoo had experience with Agile, as well, and also brought additional expertise in the mobile application development and healthcare product development industries.

The 2009 Inc. 5000 serves as a unique report card on the U.S. economy. Despite the ongoing recession, aggregate revenue among the companies on the list increased to $214 billion, up $29 billion from last year, with a median three-year growth rate of 126 percent. The Inc. 5000 are responsible for creating more than 1 million jobs since their founding, making the list perhaps the best example of the impact private, fast-growing companies can have on the economy. 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 on Inc.com.

Please visit Exigen Services' Web site for further information about the company's offerings, growth strategy and customer engagements.

About Exigen® Services

Exigen Services is the leading application outsourcing services provider, combining world class skills, recognized expertise in development methodologies, and industry experience to reduce risks, lower costs and deliver results. Exigen Services has pioneered a new approach to global application outsourcing, Outsourcing 2.0, which includes commercial terms that optimize financial alignment between the client and vendor. As a result, Exigen Services makes IT outsourcing a much easier and more beneficial undertaking for global enterprises.

Since 2000, Exigen Services has been the global leader in the use of distributed Agile methods for rapid and precise systems development throughout the banking, insurance, brokerage, healthcare, telecommunications, government and media industries. Exigen Services has achieved high honors in a variety of independent lists and rankings, including Brown & Wilson's "Black Book of Outsourcing" in 2008, Global Services 100 in 2009, and Inc. Magazine's 2008 Inc. 5000. Exigen Services is also a top 10 provider of outsourced product development. Clients range from mid-sized growth companies to Fortune 500 organizations, and include Sun Microsystems, CSC, Universal Music Group, Standard & Poor's, T-Mobile, Westpac Bank and many others. For more information, visit www.exigenservices.com.

Exigen Services is a registered trademark of Exigen Services, Ltd.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today's innovative company builders. With a total paid circulation of 712,961, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at Inc.com.

Contact Information

  • For further information, contact:
    Press Contact:
    March Communications
    Nate Hubbell
    +1 617-960-9857
    nate@marchpr.com