Red Book Connect’s HotSchedules and Red Book Solutions Named to The Inc. 500|5000, An Annual List o
Atlanta, GA – August 28, 2013 – Red Book Connect, a global, cloud-based software solutions company serving the restaurant and broader retail industries, announced today that two of its companies – HotSchedules and Red Book Solutions – have been named to Inc. magazine’s 2013 Inc. 500|5000, a prestigious ranking of the nation’s fastest-growing private companies. […]
Atlanta, GA – August 28, 2013 – Red Book Connect, a global, cloud-based software solutions company serving the restaurant and broader retail industries, announced today that two of its companies – HotSchedules and Red Book Solutions – have been named to Inc. magazine’s 2013 Inc. 500|5000, a prestigious ranking of the nation’s fastest-growing private companies.
HotSchedules’ exceptional three-year sales growth of 192% placed it at 1967 on The Inc. 500|5000 list, while Red Book Solutions came in at position 4988 on the list with three-year sales growth of 35%. HotSchedules also ranked 45 on Inc.‘s Top 100 Food & Beverage Companies list, and 46 among companies in the Austin-area.
“I want to personally congratulate the HotSchedules and Red Book Solutions management teams and employees on this prestigious recognition and impressive growth,” said Larry Abramson, CEO of Red Book Connect. “When we brought these companies together earlier this year, we were attracted to their entrepreneurial drive and innovation, which we support. We believe that together as Red Book Connect, our companies will see even greater growth opportunities, as customers realize the benefits of having an integrated technology platform featuring the best products in the industry.”
Ray Pawlikowski, CEO of HotSchedules, added, “We are fortunate to be a part of Austin’s thriving entrepreneurial scene, which has supported our company’s innovation. We thank our team members and customers for contributing to our success, and look forward to our next stage of growth as part of Red Book Connect.”
Tom Frengillo, President of Red Book Solutions, said, “Our company has already benefited from being part of Red Book Connect in terms of technological advances and synergies, which will drive sales in the coming year. We thank our team, customer partners and the Englewood, CO, community for its support.”
The Inc. 500|5000 list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. In a stagnant economic environment, the median growth rate of 2013 Inc. 500|5000 companies is an impressive 142 percent. The companies on this year’s list report having created over 520,000 jobs in the past three years.
“Not all the companies in the Inc. 500 | 5000 are in glamorous industries, but in their fields they are as famous as household name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy,” says Inc. magazine Editor Eric Schurenberg.
The 2013 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2009 to 2012. To qualify, companies must have been founded and generating revenue by March 31, 2009. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2012. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2009 is $100,000; the minimum for 2012 is $2 million. 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/5000.
About Red Book Connect
Red Book Connect is a global cloud-based software solutions company supporting the restaurant, retail and hospitality industries’ comprehensive operational needs in a fast, efficient and affordable way. The company offers solutions and products from industry leaders Red Book Solutions, HotSchedules, Macromatix, GoHire and Schoox. Currently serving more than 1.2 million users in over 128,000 locations across 26 countries, Red Book Connect has offices in Atlanta, Austin, Denver, San Francisco, Thessaloniki, Greece, Sydney, Australia and Shanghai, China. Red Book Connect is backed by TPG Growth, the middle market and growth equity platform of TPG, a global private investment firm, and Instawares Holding, a company focused on best-in-class technology serving the restaurant marketplace. For more information visit: www.redbookconnect.com.