Team Velocity Recognized as one of Inc 5000’s Fastest-Growing Companies of 2018
WASHINGTON, DC – August 23rd, 2018 – Team Velocity, known for its industry-leading technology platform, Apollo®, was recognized for the 5th consecutive year as one of Inc. 5000’s fastest-growing private companies in America. The Inc. 5000 list is comprised of the most inspiring companies of 2018 based on revenue growth from 2014 to 2017.
Team Velocity, co-founded by David Boice and Budd Blackburn, began back in 2005. Since then, Team Velocity has led the automotive industry in innovation by developing automated marketing technology backed by artificial intelligence. In large support of their passionate team and remarkable dealers, Team Velocity grew over 95% from 2014 to 2017.
The Inc. 5000 list is a prestigious recognition that has been presented annually for over 37 years to privately-held companies based only in the United States. To qualify, these companies must generate at least $100,000 in revenue by 2014 and $2 million in revenue by 2017. This year alone, the total collective revenue reached a record high of $206.2 billion, equivalating to a three-year growth rate of about 75,661 percent.
This achievement is hard to come by. On average, the companies included on this list have grown 6 times their amount since 2014. Simply speaking, over the three-year period, the economy itself only grew around 11 percent.
“We have been on a long-term mission to create a technology platform that integrates every major medium and strategy a dealership or OEM needs for new pre-owned and service operations. It’s amazing to see how far it has come in such a short period of time.”
– David Boice, CEO and Co-Founder
“We have been fortunate enough to attract and keep the best and brightest people at Team Velocity. They make the difference and we couldn’t have made the list once, much less five consecutive years, without their dedication and support.”
– Budd Blackburn, Owner and Co-Founder
About Team Velocity: Team Velocity™ is revolutionizing the automotive industry with cutting-edge technology and artificial intelligence to help dealers sell and service more cars. Made by dealers, for dealers, Team Velocity’s proprietary technology platform Apollo® analyzes years of sales and service data to predict who will buy, what they will buy and when they are ready to service. Apollo’s sophisticated AI automates the entire communication and marketing process by delivering hyper-personalized campaigns across every touchpoint, maximizing ROI and lifetime revenue.