FedTech parent company, Hyperion Technologies, ranks among Inc. Magazine's list of the fastest-growing private companies with a three-year growth rate of 502%.
Inc. Magazine today announced their list of the 5,000 fastest growing companies. This is the most prestigious ranking of the fastest-growing private companies in the United States – and Hyperion Technologies, the parent company of FedTech, is excited to announce that we landed a spot as #1,294 of 5,000! We’re also #5 for Arlington and #50 for the state of Virginia.
This news comes at an exciting time in FedTech’s history. FedTech, founded in 2015, has grown 502% in the last 3 years and is continuing on a rapid growth trajectory with new government and corporate clients. Last year, FedTech's growth exceeded 200% as a result of our work across government agencies, federal and national laboratories, universities and the private sector.
We’re proud to join other Virginia-based companies on the Inc. 5000 such as RP Professional Services, Ignite IT, Aptive Resources, Highlight Technologies, and ThinkTek. FedTech is among the top 20% in Virginia in terms of 3-year revenue growth. The 258 Virginia-based companies that made the Inc. 5000 list had a median 3-year growth rate of 192%, created 31,171 new jobs and achieved average annual revenue of $76MM.
FedTech is actively expanding its offerings to generate continuous growth. The company supports multiple federal and national laboratories, including work for DoD, NASA, DoE, NIST, VA, and DHS. FedTech also facilitated the launch of hundreds of new ventures and served multiple Fortune 50 clients, providing technology scouting and assessment solutions. P&G, ICL, BAE and McKinsey are among FedTech’s customers.
All of the companies on the Inc 5000 list demonstrate a remarkable rate of growth. “A strength runs through America's small businesses that defies the forces twisting our economy into such weird knots,” said Eric Hagerman, Special Projects Editor at Inc. Magazine. To remain successful despite a sustained global epidemic, the Inc. 5000 companies needed to be nimble, pragmatic, and innovative.
Founder Ben Solomon reflected on the Inc. 5000 rankings, “We have enjoyed tremendous growth over the past three years resulting from our employees’ hard work, collaborations, and undaunting dedication to customer success. This is an achievement that the entire FedTech team and our partners should be proud of.”
Built by innovators, inventors and entrepreneurs, FedTech’s services activate intrapreneurship, spin out early-stage startups, scale later-stage startups, and harness DeepTech capabilities to meet enterprise needs. FedTech adds value at each stage of the innovation life cycle, providing institutions with expert advice & consulting, education & knowledge, technology assessments and DeepTech community connections.
More About Inc. & Inc. 5000 Regionals
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent--not subsidiaries or divisions of other companies--as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc. Media
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
FedTech is a Deep Tech catalyst at the intersection of breakthrough technologies, entrepreneurship, and mission-driven organizations. Our commitment to unlock the benefits of technology for all is made possible via our deep relationships and collaborations that span across DOD, NASA, DOE, NIST, VA, DHS, federal labs, research institutions, universities, and corporations. We leverage our access to breakthrough technologies and entrepreneurs to keep our partners ahead of the disruption curve. Through our startup studios, accelerators, and internal innovation programs, we work with individuals, companies, and government agencies to stay at the bleeding edge of innovation.