Skytap Named to 2016 Inc. 5000 List of the Fastest Growing Private Companies

SEATTLE, Aug. 18, 2016 /PRNewswire/ -- Inc. magazine today ranked Skytap, Inc., an innovative cloud service for application modernization, NO. 2048 on its 35th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. Skytap joins locals such as Lighter Capital, TUNE, and Surge in gaining what has become the universal stamp of entrepreneurial approval on this list of the most successful businesses within the American economy's most dynamic segment.

"Our significant jump up almost 500 spots from last year's ranking validates the rapid growth we're experiencing. It reaffirms we're on the right track in our mission to deliver a public cloud to businesses that solves deficiencies in on-premise data centers and overcomes the evolving challenges of cloud adoption," said Thor Culverhouse, CEO, Skytap. "We expect the pace of this growth trajectory to increase as enterprises continue to seek out viable solutions in their push towards modernizing traditional legacy infrastructure."

Evident through its three-year 182% growth, Skytap has capitalized on the high demand for efficient public cloud computing solutions by emphasizing that the key to more intelligently managing the enterprise cloud mix is to take a purpose-driven approach. Right now, multi-cloud shops are discovering different providers often deliver optimal services for specific workloads. Clouds built for a specific purpose, such as Skytap which is geared towards modernizing outdated legacy applications, often have less over-provisioning and usually out-perform more generic multi-purpose solutions. Skytap enables organizations to remove environment availability and management bottlenecks, cut costs, increase quality results, and improve overall performance.

"The Inc. 5000 list stands out where it really counts," says Inc. President and Editor-In-Chief Eric Schurenberg. "It honors real achievement by a founder or a team of them. No one makes the Inc. 5000 without building something great – usually from scratch. That's one of the hardest things to do in business, as every company founder knows. But without it, free enterprise fails."

The 2016 Inc. 5000, unveiled online at Inc.com and with the top 500 companies featured in the September issue of Inc. (available on newsstands August 23) is the most competitive crop in the list's history. The average company on the list achieved a mind-boggling three-year growth of 433%. The Inc. 5000's aggregate revenue is $200 billion, and the companies on the list collectively generated 640,000 jobs over the past three years, or about 8% of all jobs created in the entire economy during that period. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.

The 35th Annual Inc. 5000 Conference and Gala will be held October 18-20, 2016, at the JW Marriott Hill Country in San Antonio. To learn more about the ways Skytap extends enterprise cloud and DevOps strategies to traditional on-premises workloads, visit: https://www.skytap.com

About Skytap, Inc.
Skytap is a public cloud provider that extends enterprise Cloud and DevOps strategies to traditional on-premises applications. Skytap uniquely supports application modernization with production-ready development, software testing and training environments that work the same way as an on-premises data center. Skytap packages servers, VMs, networks, data and configurations into environments that can be provisioned, cloned, suspended and shared around the world with a single click. To try Skytap and learn more, visit www.skytap.com.

More about Inc. and the Inc. 500|5000

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. 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 at http://www.inc.com/inc5000.

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 General 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. For more information, visit www.inc.com.

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 that celebrates their 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://conference.inc.com.

Skytap on Social Media
Twitter: @Skytap, @Skytap_Partners 
Facebook: facebook.com/skytap  
LinkedIn: linkedin.com/company/skytap 

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Skytap Press Contact:
Melissa Boggs
Barokas Public Relations
[email protected] 
206-264-8220

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SOURCE Skytap, Inc.