LOS ANGELES, May 3, 2018 /PRNewswire-USNewswire/ -- The Women Presidents' Organization (WPO) has announced the 11th annual ranking of the 50 Fastest-Growing Women-Owned/Led Companies during the WPO Annual Conference, in Los Angeles. The aggregate revenues of $8.3 billion represent a $1 billion increase from the 10th annual ranking last year. All 50 companies will be honored at a special event at the 2018 WPO Annual Conference at the Westin Bonaventure in Los Angeles on Thursday, May 3, 2018, 12:30pm – 2:15pm. Following the luncheon and awards ceremony, WPO will host a "Guide to Growth" panel featuring 50 Fastest honorees sharing advice for fellow WPO members working to increase businesses.
The top five winners of the WPO 50 Fastest-Growing Women-Owned/Led Companies include:
Pinnacle Group, an industry-leading workforce solution firm in Dallas, TX, is the number one fastest growing women-owned/led business in this year's ranking, led by President and CEO Nina Vaca.
The second fastest growing women-owned/led company is Orangetheory Fitness, a fitness solutions company, run by Ellen Latham, based in Boca Raton, Florida, and last year's number one winner.
In the number three spot is professional employer organization Globalization Partners, based in Boston. Nicole Sahin is the company CEO.
The number four spot is TKT & Associates Inc., a business management firm run by Tierra Kavanaugh Wayne, in Louisville, KY
Ranked number five is Phyllis Newhouse's Xtreme Solutions, an IT Services and Solutions provider, specializing in information ethical hacking and cyber training solutions, is based in Atlanta.
"I am very impressed that the aggregate revenue of this year's winners is up $1 billion from last year," said WPO President & Founder Dr. Marsha Firestone. "Women entrepreneurs have built their businesses into an economic powerhouse, with a significant impact on the economy and job growth.
All eligible companies were ranked according to a sales growth formula, combining percentage and absolute growth. To qualify for the ranking, businesses are required to be privately held, woman-owned/led companies and have reached annual revenues of at least $500,000 as of January 1, 2013. Applicants are not required to be WPO members.
Additional facts about the 2018 WPO 50 Fastest:
Average age of women-owner/leader is 51; half of the winners are in their 30's and 40's
Aggregate revenue is $8.3 billion, up $1 billion from last year
Average 2017 revenue was $165.3 million
Average number of employees on first day: 13; projected average for 2018: 799