GeoLearning Named on Inc. 500 List of Fastest-Growing Private Companies
GeoLearning, Inc., the leading provider of ASP-hosted human capital management and development (HCMD) solutions, announced today that it is ranked #367 on the 2004 Inc. 500 list of â€œAmericaâ€™s fastest-growing private companies.â€ GeoLearning was credited with 4-year total growth of 402% between 2000 and 2003 for an average annual growth rate of 100.4%.
â€œIt is an honor for us to be recognized among the top growth companies in the country,â€ said Frank Russell, president and CEO of GeoLearning. â€œOur ability to grow rapidly, consistently and profitably over the past several years can be attributed to a sound business strategy with a unique delivery model supported by a dedicated, focused team of people. We project similar success in 2004 with revenues on track to grow 100% over 2003 results.â€
GeoLearning provides human capital management and development solutions for managing enterprise-wide training and knowledge acquisition. The companyâ€™s GeoMaestroâ„¢ and GeoExpressâ„¢ learning management platforms are delivered as a hosted Internet service. This is in contrast to the traditional software sales model employed by GeoLearningâ€™s competitors which require customers to purchase, install and support software on their own internal computer networks. With no hardware or software to install, GeoLearningâ€™s hosted platforms can be deployed quickly, allowing clients to efficiently manage human capital development, accelerate critical business processes, and drive organizational performance.
GeoLearningâ€™s full-service hosted delivery model is the focus of a research study published earlier this month by e-learning research firm Bersin & Associates. Choosing an ASP for Your LMS cites shorter deployment times, improved execution and focus, reduced project risk, easier access to new technology, and lower costs as key business reasons an organization should consider a full-service hosted solution instead of the traditional software model for its LMS deployment.
About the Inc. 500
Started in 1982, the Inc. 500 ranks the nationâ€™s leading entrepreneurial firms according to sales growth over the previous four years. To be eligible for the 2004 Inc 500, companies must be independent and privately held, have an operating history of at least four years, and meet minimum revenue requirements. Inc. Magazine verifies all information using income tax forms and financial statements from certified public accountants, and by conducting interviews with company officials. More information is available at www.inc.com.