Las Vegas, NV — Inc. magazine has recognized Service Repair Solutions, Inc. (www.servicerepairsolutions.com) (SRS) with a rank of 90 among the top 100 fastest-growing private software companies. SRS, which provides information solutions for the automotive repair industry, experienced a three-year sales growth of 214% between 2006 and 2009. Overall, SRS was ranked number 1,363 on the fourth annual Inc. 5000, an exclusive ranking of the nation’s fastest-growing private companies. This is the second year that SRS has qualified to be recognized on the Inc. 5000 list.
“The leaders of the companies on this year’s Inc. 5000 have figured out how to grow their businesses during the longest recession since the Great Depression,” said Inc. president Bob LaPointe. “The 2010 Inc. 5000 showcases a particularly hardy group of entrepreneurs.”
SRS serves the automotive service and repair market through its wholly owned operating divisions: Mobile Productivity, Inc. (MPi), Identifix, Inc., International Automotive Technicians’ Network, Inc. (iATN) and Auto Point, Inc.
Despite the fact that most of this year’s measuring period of 2006-’09 took place during the latest recession, aggregate revenue among the companies on the list actually increased to $321.6 billion, up more than 50% from last year. The effects of the recession are seen, however, in the median three-year growth rate, which dropped to 96% from last year’s 126%. This year’s Inc. 5000 employ a record 1.4 million people, up from 1 million on last year’s list.
Commenting on the ranking, Les Silver, CEO of Service Repair Solutions, stated: “We are very proud of the hard work of all our employees, which has resulted in our tremendous growth over the past few years. With the current challenges the automotive industry faces, our services have become increasingly vital. It is our mission to revolutionize the delivery of service and repair in the automotive industry. SRS enhances service and repair at the point of delivery — improving the experience for those diagnosing, repairing and communicating the growing complexity of automotive service.”
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 on www.inc.com/5000.