KITRUM has been named the 8th fastest-growing company in America by the Financial Times, with an absolute growth rate of 6799% and a compound annual growth rate of 310%.
“I am absolutely thrilled to find out that our company has been ranked among the top 10 fastest-growing companies in America. This achievement proves our team members’ hard work, dedication, and talent, who have worked nonstop to drive our company forward. I am incredibly grateful for their contributions and the opportunity to lead such an exceptional team. We’ll keep up the great work!” — Vlad Kitaynik, CEO of KITRUM
Based on disclosed revenue growth between 2018 and 2021, the ranking shows that KITRUM’s revenue in 2021 was $9.5 million. The impressive growth of KITRUM reflects the strength of the software and IT sector, which was the most represented sector on the list, with 27% of the fastest-growing companies.
About Financial Times ranking
Each year, the Financial Times ranks the fastest-growing companies in America. The current ranking is based on the companies’ disclosed revenue growth between 2018 and 2021 and captures the performance of the companies during the post-pandemic economic recovery phase when the effects of rising interest rates had yet to be fully realized.
To determine the companies with the most rapid expansion, the ranking considers both the absolute and compound annual growth rates. Additionally, the ranking considers revenue figures for both 2018 and 2021.
Aspects contributing to the company’s growth
In 2019, KITRUM had 23 clients per year, and all of them were awesome. This was a significant milestone for our company as we continued to establish ourselves as a leading provider of high-quality services in our industry. We exceeded our growth targets for the year, and our clients were consistently satisfied with the level of service and expertise we provided.
Despite the challenges faced by many companies during the COVID-19 pandemic, our company maintained its growth trajectory.
In fact, in 2020, our productivity did not decrease despite the lockdowns and other restrictions that were put in place. We continued serving our clients and even added two more clients compared to the previous year, bringing the total number of clients to 25.
However, the following year brought new challenges as the market fell apart. There were very few developers available, but many projects needed to be completed. This presented a significant hurdle for our company, but we overcame it thanks to our trusted vendors. They helped us close all requests by providing us with the developers we needed to complete the work.
Despite the tough conditions, we maintained our growth and continued to provide high-quality services to our clients. With a focus on innovation, efficiency, and customer satisfaction, we are confident that we will continue to grow and succeed in the years ahead.
