Solstice Gets Nod by Inc. Magazine on its Annual 2013 Inc. 500|5000 List of America's Fastest-Growing Private Companies
PLANTATION, Fla., Oct. 9, 2013 /PRNewswire/ -- Solstice Benefits earned a spot for the second year in a row on Inc. magazine's seventh annual Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. It ranked No. 22 in the Top 100 Insurance Companies portion of the list and No. 63 in the Miami Metro Area. The list represents the most comprehensive look at the most important segment of the economy—America's independent entrepreneurs. Solstice joins LivingSocial, Edible Arrangements, CDW and Lifelock, among other prominent brands featured on this year's list.
"Over the past three years, Solstice has added 50 new jobs within the company. In fact, we recently celebrated the hiring of our 100th employee. Our expansion is astronomical, considering we had 14 employees in 2007," said Solstice COO Carlos Ferrera. "And, the numbers speak for themselves. In 2009, our annual revenue was $8.6 million; in 2012 it was $21 million. Each and every employee at Solstice has been instrumental in moving this company forward. We've seen huge successes, and I'm happy we're recognized for a second year by Inc. magazine for our growth."
In a stagnant economic environment, median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year's list report having created over 520,000 jobs in the past three years, and aggregate revenue among the honorees reached $241 billion. 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/5000.
"Not all the companies in the Inc. 500 | 5000 are in glamorous industries, but in their fields they are as famous as household name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy," says Inc. Editor Eric Schurenberg.
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2012. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2009 is $100,000; the minimum for 2012 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/500.
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.
Solstice is a privately held Florida corporation based in Plantation, Fla. Solstice administers and markets dental, vision, pharmaceutical, life and short- and long-term disability benefits plans. Solstice and its subsidiaries also offer Third Party Administration (TPA) services in the Alabama, California, Colorado, Connecticut, Florida, Georgia, Illinois, Maryland, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas and Virginia markets—and are in the process of expanding nationwide. It was named one of "Florida's Best Companies to Work For" for the third consecutive year by Florida Trend and ranked No. 15 in the Insurance Industry on Inc. magazine's 2012 "America's Fastest Growing Companies" list. Recently, the company was awarded accreditation with the Better Business Bureau (BBB), indicating dedication to quality and excellence in business practices. For information on Solstice, contact 1.877.760.2247 or visit www.SolsticeBenefits.com.
SOURCE Solstice Benefits, Inc.