Monday, September 25, 2017

Wovenware Named to Inc. Magazine’s Fastest Growing Companies for 3rd Year



By on August 17, 2017

SAN JUAN – Wovenware, a software engineering services provider in Puerto Rico, announced Thursday that for a third year it has been named to the Inc. 5000, the annual list of America’s fastest-growing private companies, published by Inc. Magazine.

Receiving a ranking of 3566 among 5000 private companies, Wovenware was judged based on Inc. Magazine’s criteria for percentage revenue growth when comparing 2013 to 2016. During that timeframe, the company grew by 86 percent. Wovenware’s growth during this time period is attributed in part to the addition of key customers in industries such as healthcare, government and financial services; as well as its services such as AI-based machine learning algorithms.

(A screen capture of www.wovenware.com)

“The growing demand for AI-based solutions for companies of all types and sizes, and the benefits of using nearshoring software engineering services to meet this demand, is a key driver behind our growth. We are helping U.S. companies develop some of the most advanced artificial intelligence (AI) solutions, such as chatbots, machine learning apps and image recognition, as well as legacy modernization projects, more quickly, strategically and cost effectively — and much closer to home,” said Christian Gonzalez, CEO and co-founder, Wovenware.

The average company on the list achieved a three-year average growth of 481%. Results of the Inc. 5000 can be found at www.inc.com/inc5000.

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