iContact announced today that it had been recognized by the Triangle Business Journal as number two on its list of the top 50 fastest-growing private companies in the Raleigh-Durham area. This marks the fourth straight year that iContact has been named to the Fast 50, up 14 spots overs last year. Winners are selected based on revenue and profitability from 2008 to 2010, as analyzed by PriceWaterhouseCoopers. “We’re delighted to stand out among some of the nation’s most innovative and successful companies that call the Research Triangle Park region of North Carolina home,” said iContact CEO Ryan Allis. “This honor is a testament to the hard work and dedication of our staff, who continually work to deliver new, unique ways for iContact customers to create business value through email and social media.”
Read the full press release from iContact.
Writing for Time, iContact CEO describes the formation and early days of iContact. Having caught the entrepreneurial bug at an early age, Ryan Allis left the University of North Carolina in the summer of 2003 and created iContact with co-founder Aaron Houghton. The duo bootstrapped the company in the early days, including working without a salary and living in the office for a few months, according to Allis. Reinvesting revenues, the company grew steadily and secured a $500K seed round financing from IDEA Fund Partners. The company in-turn invested primariyl on pay-per-click adds and quickly scaled to $2.9M in sales by 2006. In 2010 the company closed on a $40M round led by JMI Equity, which it hopes to use to grow annual revenues to $500M.
Read the full article from Time.
Joe Procopio, writing for TechJournal, covers the recently announced Groundwork Labs accelerator that will be launching in Durham in Spring 2012. Like traditional accelerators, Groundwork will select promising startups for a three month session and provide them space, advice, connections and capital. They expect to select between five and seven startups per session with at least one and hopefully two sessions per year.
Read the full article from TechJournal.
Writing for O’Reilly Radar, Automated Insights Founder and CEO, Robbie Allen, shares the story of how Automated Insights came to be and through his attempt at automating his writing career. Prior to founding Automated Insights, Robbie was a Distinguished Engineer IT at Cisco where he worked for 13 years. During that time he wrote or co-wrote 10 books in a 5-year period. Having spent his career focused on “automating the un-automatable,” he asked himself why he couldn’t automate his writing career.
Read the full article from O’Reilly.