(Hendersonville/Tennessee, USA – August 31, 2012) STR, the leading provider of hotel data, was ranked in Inc. magazine’s sixth annual Inc. 5000 list of the fastest growing private companies in America. STR reported a three-year growth of 22 percent, landing it at No. 4,495 on the list and No. 40 among Nashville, Tennessee-based companies. This was the first time STR was recognized on the list.
“STR is very excited to be recognized by Inc. magazine as one of the fastest-growing companies in America,” said Randy Smith, STR’s co-founder and chairman. “STR has seen significant growth over the past few years, and we hope to keep the momentum going into the future.”
STR’s commitment to confidentiality and accuracy has set the industry standard since Randy and Carolyn Smith launched the company more than 25 years ago. Today the company gathers hotel industry supply, demand and performance data from hotels located in more than 160 countries.
The Inc. 5000 list is an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. To see the full list, visit www.inc.com/500.
The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.