BOZEMAN, Mont., Aug. 18, 2016 /PRNewswire/ -- Through intentional strategies to reject venture capital, indie tech firm Wisetail, is demonstrating how it's startup philosophy can yield high growth scaling without the strings attached to venture capital. Wisetail was just ranked as one of the fastest growing companies in the U.S. on this year's Inc. 5000 list. 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 and striving to be a great place to work as key drivers of growth.
"It's an honor to be recognized for our employee's hard work and dedication to aggressive growth as an independent company," said Justin Bigart, Wisetail CEO. "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."
Inc. magazine's annual ranking provides the most comprehensive look at America's independent entrepreneurs and their contributions to the nation's economy. Wisetail, a leading learning management system (LMS) provider, is ranked the #1 fastest growing tech firm in Montana. 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 outside financing. Wisetail is an award-winning learning management system (LMS) company hand-built from scratch in 2009 in Bozeman, Montana. Wisetail is 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.