Code 42 Software Named to 2012 Inc. 500|5000 List of Fastest Growing Companies
Online backup provider experiences 1,194% growth over three years, makes second appearance on prestigious list
(Minneapolis – Aug. 21, 2012) – Code 42 Software Inc., developers of award-winning onsite, offsite and online backup solutions for consumers, businesses and the enterprise, today announced that the company has been named to the 2012 Inc. 500|5000 list of America’s fastest-growing private companies. Based on percentage revenue growth from 2008 through 2011, Code 42 was listed at #313 overall and #28 within the software category. This is the second time in as many years Code 42 has been listed on the prestigious list, moving up from #610 and #51, respectively, on 2011’s list. The company was also listed as #2 within Minnesota-based companies.
“Code 42 has experienced a tremendous growth rate of 1,194 percent over the past three years. We’re extremely proud to be recognized by Inc. as one of the fastest growing companies in the U.S. again this year,” said Matthew Dornquast, co-founder and CEO, Code 42 Software. “As devices and the data they generate continue to explode, Code 42 is primed to make a significant impact on information data management for consumer and enterprise devices with our cloud backup and future innovative big data applications. We all feel it's just the beginning for Code 42’s growth.”
Just five years after launching CrashPlan, Code 42 now manages and protects over 150 petabytes of data globally, across three products: CrashPlan for the home; CrashPlan PRO, an online backup solution for SMB; and CrashPlan PROe, a private and public cloud solution for the enterprise. CrashPlan PROe is in use by more than 4,500 companies globally including: Adobe, Google, Groupon, HP, Intuit, Kraft Foods, LinkedIn, NASA, National Geographic, Salesforce.com, Stanford University and The University of Texas.
The beginning of 2012 also was highlighted with Code 42’s $52.5 million first round of funding led by Accel Partners, with participation from Split Rock Partners. It was the first major investment from Accel Partners’ Big Data Fund, dedicated to funding category-defining infrastructure and application companies specializing in “Big Data.”
In its 31st annual list, Inc. magazine provides year-over-year insight into the American economy by tracking the expansion of the fastest-growing private companies in the U.S. – and the entrepreneurial spirit driving them. The 2011 Inc. 500|5000 list and Code 42 company profile are available online at www.inc.com and in the September 2012 issue of Inc.