Two Mtech Hinman CEOs Companies, Squarespace and Lurn, Named to Inc. 500 List for Second Straight Year
COLLEGE PARK, Md., Aug. 26 /PRNewswire-USNewswire/ -- Squarespace Inc. and Lurn Inc., two companies founded by former Hinman CEOs students while in the program, have been named to the Inc. 500 list of the country's fastest growing companies for the second straight year.
Squarespace, an industry-leading Web publishing platform founded by alumnus Anthony Casalena (2005), is ranked 416th overall and 30th in the software category. The company reported $5.4 million in revenue for 2009, with a 713 percent three-year growth rate.
"Squarespace has had a spectacular year," says Casalena. "We've added a record number of clients, closed a $38.5 million funding round led by Index Ventures and Accel Partners, and are poised to execute on our vision of changing publishing on the Web like never before in our seven-year history. I'm really excited to see how far our team takes the product over the next year."
Based in New York City, Squarespace has 28 employees. The company offers a fully hosted, completely managed environment for creating and maintaining a website, blog or portfolio. Squarespace's SaaS platform powers tens of thousands of websites worldwide. Businesses, bloggers, Web developers and artists use Squarespace to quickly and easily create and maintain professional, high-quality websites.
Lurn, a company offering a broad range of e-learning technologies and services founded by alumnus Anik Singal (2005), is ranked 493rd overall and sixth in the education category. The company reported $7.1 million in revenue for 2009, with a 609 percent three-year growth rate.
"Being recognized in the Inc. 500 list is a great testament to the team we've assembled, our hard work, and the market and the services we provide," says Singal. "We look forward to expanding our offerings while continuing to deliver industry-leading e-learning technologies and services."
Based in Gaithersburg, Md., Lurn has 72 employees. The company provides a range of products and services, including online training courses and live events on a variety of online marketing topics, online communities and publications for Internet marketers, and e-learning technology platforms for educators of business and marketing professionals.
About the Hinman CEOs Program (www.hinmanceos.umd.edu)
As the nation's first living-learning entrepreneurship program, Hinman CEOs is a groundbreaking initiative placing entrepreneurial-minded students from all technical and non-technical academic disciplines in a unique community. Students live together, learn about entrepreneurship, and can launch new ventures. The mission of Hinman CEOs is to foster an entrepreneurial spirit, create a sense of community and cooperation, and develop ethical leaders. All undergraduates from the University of Maryland, College Park are invited to apply for this competitive program. Brian Hinman, University of Maryland A. James Clark School of Engineering alumnus and successful entrepreneur, provided funding to initiate and support the Program.
SOURCE Maryland Technology Enterprise Institute