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OpenWater Goes Back-to-Back Making Inc. 5000’s Prestigious List of Fastest-Growing Private Companies, for the Second Year in a Row

Ranked #2056 last year, OpenWater is now ranked #2032 in America

Arlington, Virginia, August 15, 2018 — OpenWater, a software leader, today announced it ranked No. 2032 on Inc. magazine’s 35th annual Inc. 5000 list. The Inc. 5000 is an exclusive ranking of the nation’s fastest-growing private companies. OpenWater’s growth moved up 24 places from No. 2056 last year.

“The success behind OpenWater stems from what we value: focusing on our client’s needs, building a talented team, and continuously cultivating our company culture based on accountability” said Timothy Spell, CEO of OpenWater.

“It is an absolute honor to make the Inc. 5000 list for the second time in a row. We understand that only 33% of companies that initially make the Inc5000 list will repeat, so we’re proud to be joining an elite group of companies that can deliver consistently. By focusing on growing together, our employees are dedicated to providing the greatest services possible for our clients, which naturally creates an environment for company growth.”

The 2018 list showcases the economy’s most dynamic growth center—independent small business. The list encompasses all industries. The ranked companies, in aggregate, represent revenues of over $200 billion and the creation of 640,000 jobs in the last three years, or about 8% of the national economy, according to Inc. magazine.

“Our aim continues to be a superior software product,” says Kunal Johar, OpenWater co-founder and President.

“We work with ambitious clients and a talented, dedicated team. Technology advances and platform expansion move the needle, but true growth comes from our strong investment in relationships. I’m proud of the team we’ve built and the people we serve.”

OpenWater began as an awards software platform in 2007. Its application and review software is now specialized for the specific needs of corporations, nonprofits, foundations, and higher education. The tailored platform includes pathways for grants, fellowships, scholarships, conferences, prizes, and voting.

OpenWater has grown every year since inception. The company signed a 7-year lease on a new, expanded location in January. The office three blocks from Metro and Capital Bikeshare in Ballston, Virginia.

About the Inc. 500|5000

The Inc. 500|5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list of the nation’s most successful private companies has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event, which celebrates these companies’ remarkable achievements. The event also offers informative workshops, celebrated keynote speakers and evening functions. For more information on Inc. and the Inc. 5000 Conference, visit http://www.inc.com/.

Methodology

The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit and independent—not subsidiaries or divisions of other companies—as of December 31, 2015. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2012 is $100,000; the minimum for 2015 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons.

About Inc. Media

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. Winner of the National Magazine Award for Excellence in both 2014 and 2012. Total monthly audience reach for the brand has grown significantly, from 2,000,000 in 2010 to over 15,000,000 today.

Katie McCaskey

Katie is OpenWater's Content Director. Her interests include entrepreneurship, permaculture, and blockchain. She enjoys spicy food and salty words.

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