For the second year in a row, NearShore Technology has been named to Inc. Magazine's list of the fastest-growing private companies in the United States.
Atlanta, Georgia, January 30, 2020 – For the second year in a row, NearShore Technology has been named to Inc. Magazine's list of the fastest-growing private companies in the United States. Coming in this year at #1674, with an impressive 245%, 3-year growth rate, NearShore placed #43 in the list of Top IT System Development companies. In 2018, NearShore ranked #770, and was #17 in the Top IT System Development group, the result of an astounding 651%, 3-year growth rate.
"It's difficult to have the kind of growth required to make it on to the "Inc. 5000: Most Successful Companies in America" list and it is an even rarer feat for a company to make it on to the list two years in a row," said Yancy W. Riddle, Chief Operating Officer and two-time Georgia Tech alumnus (MS MSE '98, PhD MSE '03).
Dr. Riddle credits Georgia Tech, and the education he received in the School of Materials Science and Engineering, for providing him with the tools he needed to be successful. "At Georgia Tech, I not only learned to think with more clarity, I learned the importance of measurements. Whether you're measuring materials or processes, all things can be measured. Those measurements provide you with a path forward by showing you what is working, or what is not. At NearShore, we measure success not only through the success of our software and it's impact on the success of our client-partners, but through the accomplishments and happiness of our employees and the total impact we as a company have on our clients, employees, and our communities, whether local, regional, or global."
Since the company opened its doors six years ago, NearShore Technology has been building relationships across the Georgia Tech campus. In addition to Dr. Riddle's longtime personal relationship with MSE, the company has close ties with Modern Languages and hosts the summer LBAT (Language for Business and Technology) Mexico program during its final week in Merida. The company also works closely with the Scheller College of Business through its MBA Practicum course and is currently exploring opportunities for continuing education in the areas of leadership and management as part of its employee career development program.
NearShore Technology designs and creates software, and provides team enhancement and managed services for MedTech, FinTech, and the HighTech sectors. The company offers an alternative to offshoring, which allows US companies to have access to IT professionals within the same time zone, resulting in a reduction of costs and increased project management success. The company's mission is to Add Value; to its customers, employees, stakeholders, communities, and the world, and the company has a strong focus on company culture and family. As a software development company, NearShore is closely aligned with the College of Computing and, in partnership with its clients, is currently developing a number of sponsored research projects in the area of machine learning. The company is also building ties with the College of Engineering through those faculty whose work is either soft- or hardware related.
NearShore's relationship with Georgia Tech has prompted the company to relocate its corporate headquarters and Innovation Hub to the new Coda building in Technology Square where it will have ready access to faculty leaders and researchers across the fields of both technology and business, as well as student recruits for both full-time positions and internships.
"We have surrounded ourselves with great people, whose thought leadership is unparalleled. Our ADD VALUE mission continues to shift our perspective and expand service levels to our customers; making the Inc. 5000 list for the second year in a row is a blessing and a reflection of our team's hard work," said Gabriel J. Apodaca, President and CEO. "The Georgia Tech relationship allows us to further expand the ability we have for adding value to our many stakeholders."