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LabTech Software Named to Inc. 500|5000 List of Fastest Growing Companies

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TAMPA, Fla., Aug. 28, 2013 (GLOBE NEWSWIRE) -- LabTech Software, the only powerful, robust-featured remote monitoring and management (RMM) platform developed by a managed service provider (MSP) for managed service providers, today announced that it has been named to the 2013 Inc. 500|5000, an exclusive ranking of the nation's fastest-growing private companies. Ranked number 53 overall, LabTech was honored for offering a robust, comprehensive remote monitoring and management platform that drives IT automation and revenue generation, and enables more efficient and preventive technology maintenance.

"It is an incredible honor to be named to the Inc. 500|5000 list," said Matt Nachtrab, LabTech Software CEO. "Over the past few years, LabTech has experienced substantial growth which couldn't have been possible without our dedicated colleagues and our partner community. This honor not only recognizes the need organizations have for comprehensive remote monitoring and management, but validates the power and innovation offered by our platform."

Between 2009 and 2012, LabTech grew by 5,208%, increasing revenues from $435,037 to $23.1 million. Since 2010, the company has achieved positive revenue growth quarter over quarter, attracting new partners, growing staff and investing in processes to meet consistent demand for a best-in-class remote monitoring platform. Among Inc. 500|5000 honorees, LabTech was ranked number 1 for "Tampa Metro Area," number 5 for "Top 100 Florida Companies" and number 5 for "Top 100 Software Companies."

Recent growth milestones in LabTech Software's business include:

  • 3,500 partners (as of July 2013)
  • Over 1,600 of the company's partners converted from a competing RMM tool
  • Over 400 partners are now served through the LabTech Cloud
  • Over 200 partners now manage 2,500+ endpoints
  • 1,000 partners now run their MSP with the ModernOffice Suite
  • LabTech partners support 125,000 small businesses

"Our mission has always been to develop and deliver innovative solutions that help partners run and grow their businesses more profitably," added Nachtrab. "LabTech has experienced tremendous growth and success in such a short period simply because we have remained so dedicated to this mission and to our partners."

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, and have revenue no less than $2 million in 2012. Additionally, companies have to be U.S.-based, privately held, for profit, and independent.

2013 Inc. 500|5000 winners will be honored at the 32nd Annual Inc. 500|5000 Conference and Awards Ceremony on October 10-12 in Washington, D.C. To see the full list of winners, please visit http://www.inc.com/inc5000/list.

To learn more about LabTech and the ModernOffice Suite, visit: www.ModernOfficeSuite.com

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About LabTech Software

LabTech Software is the developer of the only remote monitoring and management (RMM) platform developed for managed service providers (MSP) by MSPs. Designed and developed by system administrators with years of experience in the IT services industry, LabTech's focus is to drive the power of IT automation. This affordable agent-based platform closely emulates what technicians do in the field by performing IT support and management tasks and processes remotely, efficiently and non-intrusively. LabTech is the most powerful, feature-rich and widely-sought RMM platform in the IT service provider space today. For more information please visit www.LabTechSoftware.com or call 877-522-8323.

CONTACT: Jessica Boardman Greenough for LabTech Software jboardman@greenoughcom.com 617.275.6514

Source:LabTech