Illuminate Recognized by INC. Magazine as One of America's Fastest Growing Private Companies
Friday, August 16, 2019
Posted by: Nannette Nolan
Company named to 2019 Inc. 5000 ranking
Boston, MA [August 14, 2019] — Illuminate, the Boston-based developer of innovative custom clinical sales training programs for the life science industry (www.illuminate.net), has been named to Inc. magazine’s Inc. 5000, an annual ranking of the fastest-growing private companies in the United States.
“This recognition marks an exciting milestone for Illuminate,” says the company’s founder and president, Shaun McMahon. “It’s a direct result of the dedication and talent of our entire team, and their commitment to always providing the very best product to our clients. We’re thrilled by Inc.’s acknowledgement of our growth.”
The list spotlights U.S.-based, privately held businesses that have achieved a minimum of $2 million annual earnings in 2018, after having earned at least $100,000 in 2015. Established in 1982, the Inc. list has included many notable businesses over the years, including Microsoft, Dell, Domino’s Pizza, Pandora, 7-Eleven, LinkedIn, Timberland, Zipcar, and more.
Illuminate was established on August 2, 2004, with McMahon as its sole employee. Thanks to 15 years of hard work and a growing reputation for stellar client service and fresh, innovative products, the firm has grown to an award-winning team of 20.
“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. editor in chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”
Not only have the companies on the 2019 Inc. 5000 been very competitive within their markets, the list itself shows staggering growth compared to its predecessors. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, as well as a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
The annual Inc. 5000 event honoring the companies on the list will be held on Oct. 10 to Oct. 12, 2019, at the JW Marriott Desert Ridge Resort and Spa in Phoenix, Arizona. As always, speakers include some of the greatest innovators and business leaders of our generation.
For press inquiries, please contact Chris Kelly, Fifth House PR, at 617/532-0574.
Based in Boston, Illuminate is a client-focused, full-service training and
development firm that specializes in delivering customizable learning and development material for life science companies. Since 2004, we have worked to provide sales teams with custom learning solutions and complementary services designed to drive sales and deliver result
More about Inc. and the Inc. 5000
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September
issue. They represent the top tier of the Inc. 5000, which can be found
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. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.