NEW YORK, NY– Inc. magazine revealed that Karsun Solutions, an enterprise modernization company serving government agencies, is number 113 on its 2021 Inc. 5000 Regionals: D.C. Metro list. The list ranks the 250 fastest-growing private companies in D.C., Delaware, Maryland, and Virginia. In total regional honorees added almost 65,000 jobs and earned revenue of $15 billion in the period from 2017 to 2019.
Karsun Solutions is also one of the 106 repeat honorees on the list. Karsun ranked six times on the Inc. 5000. Determined by three-year growth rates, those repeated rankings represent eight years of rapid expansion. In just eleven years of operations, the company grew by more than 2100%. Its government customers now include agencies such as the Department of Homeland Security (DHS), Federal Aviation Administration (FAA) and General Services Administration (GSA).
In 2020 the firm announced new contracts serving GSA under the COMET and EDIM BPAs. As a result, Karsun anticipates further growth in 2021. To meet this demand it is currently hiring for technical, development and corporate roles both based in the Washington, D.C. metropolitan area and remotely. The latest job openings and career information is available at karsuncareers.com.
Complete results for all six metros of the Inc. 5000 Regional awards, including an interactive database that can be sorted by industry, metro area, and other criteria, can be found at https://www.inc.com/regionals.
About Karsun Solutions
Karsun Solutions is a fast-growing, innovative, enterprise modernization firm. The Virginia Chamber of Commerce, Washington Business Journal and Inc. all recognize Karsun Solutions among the fastest-growing companies in the Washington, D.C. region. A Technology Industry Top Workplace, its teams deliver modern software development, cloud solutions and data solutions to customers at federal agencies. As an established firm, it possesses a DCAA Approved Accounting System, a CMMI Level 5 – DEV appraisal and an AWS Government Competency.
The USPAACC honored Karsun Solutions among its Fast 100 as part of its 2020 CelebrASIAN conference. The organization is the largest non-profit organization representing Pan Asian business leaders. Companies selected for the annual Fast 100 program consist of the fastest-growing Asian-American owned businesses. USPAACC named the awardees at its annual CelebrASIAN conference. This multi-day virtual event included webinars from October through December, culminating with its 35th Anniversary Jade Jubilee.
The enterprise modernization company continued its growth throughout 2020. In the first half of the year, it announced the General Services Administration (GSA) awarded it a spot on the Enterprise Data Information Management (EDIM) contract. In June it announced it was awarded the GSA Enhanced Checkout (GECO) contract as part of the COMET blanket purchase agreement (BPA). Later, also under the COMET contract vehicle, it announced it won a contract from GSA to modernize the Advance Fleet Platform (AFP). The new work adds over $100 million to its pipeline.
In addition to celebrating recent wins, this year the company also observed its tenth anniversary. It saw year over year growth throughout this decade. That success spanned portfolios including modern software development, cloud, and data solutions to delivered government agencies. Its customers include the Department of Homeland Security, Federal Aviation Administration and General Services Administration. The firm recently announced a series of leadership promotions to support this ongoing growth.
About Karsun Solutions
Karsun Solutions is a fast-growing, innovative, enterprise modernization firm. The Virginia Chamber of Commerce, Washington Business Journal, and Inc. all recognize Karsun Solutions among the fastest-growing companies in the Washington, D.C. region. A leading IT innovator, it possesses a DCAA Approved Accounting System, CMMI Level 5 – DEV appraisal and AWS Government Competency. To learn about career opportunities visit karsun-llc.com/careers.
HERNDON, VA- The Washington Business Journal included Karsun Solutions in its annual list of the 75 fastest-growing private companies in the Washington, D.C. region. This is Karsun Solutions’ second year on the list. Rankings will be released in a virtual event on October 21st at 5:00 PM.
“2019 was an exciting year for Karsun,” said CEO Sundar Vaidyanathan. “After completing our first decade in business, we opened our new headquarters in Herndon, Virginia. We look forward to celebrating with our fellow fast-growing companies.”
Karsun Solutions appeared on two previous Washington Business Journal growth lists. In addition to last year’s Fast 75 ranking, it was named to the 50 Fastest Growing Companies list in 2017. That ranking was a forerunner to the current award program. Mr. Vaidyanathan was also honored with a Minority Business Leader Award by the journal in 2019.
Capping Off Ten Years of Growth
This recognition comes as Karsun marks its tenth year in operation. Throughout this period Karsun realized strong growth across its portfolios. The growing enterprise modernization firm delivers modern software development, cloud solutions, and data and analytics solutions to government agencies including the Department of Homeland Security, Federal Aviation Administration, and General Services Administration.
The firm also nabbed several wins early in 2020. In the first half of the year, it announced the General Services Administration (GSA) awarded it a spot on the Enterprise Data Information Management (EDIM) blanket purchase agreement (BPA). In June it announced it was awarded the GSA Enhanced Checkout (GECO) Task Order. GECO was awarded under the CIO Modernization and Enterprise Transformation (COMET) blanket purchase agreement (BPA). Twelve companies were awarded a spot on the multiple award BPA. Karsun Solutions is among the first companies to receive a task order under the vehicle awarded last year.
About Karsun Solutions
Karsun Solutions is a fast-growing, innovative, enterprise modernization firm. The Virginia Chamber of Commerce, Washington Business Journal, and Inc. all recognize Karsun Solutions among the fastest-growing companies in the Washington, D.C. region. Its teams deliver modern software development, cloud solutions, and data and analytics solutions to customers at government agencies including the Department of Homeland Security, Federal Aviation Administration, and General Services Administration. As an established firm, it possesses a DCAA Approved Accounting System, CMMI Level 5 – DEV appraisal, and AWS Government Competency.
NEW YORK, NY – Inc. magazine today revealed that Karsun Solutions ranked for the sixth year in a row on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“Congratulations to our entire Karsun family,” said Karsun CEO Sundar Vaidyanathan. “We are honored to join this distinguished list of companies for a sixth year.”
A young but rapidly expanding company, Karsun celebrated its tenth year in operation in 2019. Karsun ranked on the Inc. 5000 list throughout the second half of this incredible first decade. Beginning with its first award in 2015 the firm’s consistent stable growth secured a ranking every year since. Its enterprise modernization portfolio currently serves customers at agencies such as the Department of Homeland Security, Federal Aviation Administration, and General Services Administration.
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.
About Karsun Solutions
Karsun Solutions is a fast-growing, innovative, enterprise modernization firm. The Virginia Chamber of Commerce, Washington Business Journal, and Inc. all recognize Karsun Solutions among the fastest-growing companies in the Washington, D.C. region. Its teams deliver data and analytics, modern software development and cloud solutions to customers at government agencies including the Department of Homeland Security, Federal Aviation Administration, and General Services Administration. As an established firm, it possesses a DCAA Approved Accounting System, CMMI Level 5 – DEV appraisal, and AWS Government Competency.
More about Inc. and the Inc. 5000
Methodology
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 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 http://www.inc.com/inc5000.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference, visit http://conference.inc.com/.
HERNDON, VA – The Virginia Chamber of Commerce named Karsun Solutions, a government modernization firm, among the 2020 Virginia’s Fantastic 50. This is the second year in a row Karsun ranked on this annual list of the fifty fastest growing companies in Virginia. The announcement comes as both organizations observe landmark anniversaries. Karsun recently marked its 10th anniversary, celebrating a decade of fast growth and service to its government customers. Celebrating its 25th anniversary, the Fantastic 50 program is the only statewide awards program of its kind which honors the fifty fastest growing companies in the Commonwealth.
“Small business is the heart of our economy and we are pleased to honor the entrepreneurial spirit and hard work of Virginia’s fifty fastest growing businesses,” said Barry DuVal, President and CEO of the Virginia Chamber of Commerce. “Although we are unable to honor these business leaders and their dedicated teams in-person, due to COVID-19, we applaud each of these companies who continue to set the bar higher every year and want to ensure they receive the recognition they deserve for their contributions to the Commonwealth.”
Even as the business climate rapidly changes, Karsun Solutions is investing in future growth. In March it announced it moved to virtual hiring in support of its Talent Team staff and its rapidly expanding teams. As the organization’s software development, cloud, and advanced analytics practices grow it anticipates staffing up throughout 2020.
“We celebrate the drive and vision exemplified by our fellow honorees,” said Sundar Vaidyanathan, CEO at Karsun Solutions. “This mindset inspires us to press on, serving our customers, driving innovation, and delivering extraordinary work as we ensure the safety and well-being of our teams.”
In addition to the Fantastic 50, the Chamber announced three Virginia Vanguard winners, recognized for the highest growth in the categories of service and technology, and recognizing the company with the highest overall growth in Virginia.
More information on each of the Fantastic 50 businesses for this year can be found in the feature story published by Virginia Business Magazine.
About Karsun Solutions
Karsun Solutions is a fast-growing, innovative, enterprise modernization firm. The Virginia Chamber of Commerce, Washington Business Journal, and Inc. all recognize Karsun Solutions among the fastest-growing companies in the Washington, D.C. region. Karsun teams deliver software development, cloud, and advanced analytics solutions to customers at government agencies including the Department of Homeland Security, Federal Aviation Administration, and General Services Administration. It is an established firm, with a DCAA Approved Accounting System, CMMI Level 5 – DEV appraisal, and AWS Government Competency as well as ISO 9001, ISO 20000 and ISO 27001 certifications. Information on employment opportunities is available at karsun-llc.com/careers.
About the Awards
Virginia’s FANTASTIC 50 award program is a signature event of the Virginia Chamber of Commerce. Now in its 25th year, the FANTASTIC 50 program is the only annual statewide award recognizing Virginia’s fastest growing business.
Nominations for the 2020 FANTASTIC 50 were sought last fall from local chambers of commerce, economic development organizations, and through the sponsors’ networks; companies may also nominate themselves.
To be eligible, a company must be privately held with headquarters in Virginia, show revenues between $200,000 and $200 million, and demonstrate positive revenue growth and positive net income in its most recent fiscal year over the previous year. Companies are judged on four-year revenue history (2015-2018.) The professional service firm Dixon Hughes Goodman verifies all award entries.
The Fantastic 50 award program is sponsored by the Virginia Chamber of Commerce, Cox Communications, Inc., Hunton Andrews Kurth LLP, Dixon Hughes Goodman, J.P. Morgan Chase, Amazon, the Westfields Marriott, SunTrust now Truist , Virginia Business Magazine, In Your Ear Studios, and the Fairfax County Economic Development Authority.
About the Virginia Chamber of Commerce
The Virginia Chamber of Commerce is the largest business organization in the Commonwealth, with more than 26,000 members. The Chamber is a non-partisan, business advocacy organization that works in the legislative, regulatory, civic and judicial arenas to act as the catalyst for positive change in all areas of economic development and competitiveness for Virginia. In December 2017, the Chamber released an update to its long-term strategic economic development plan, Blueprint Virginia 2025, which engaged over 6,000 business and community leaders to lay out a plan to get Virginia back to the top of national business climate rankings. Learn more at www.vachamber.com.
NEW YORK, NY– Inc. magazine today revealed that Karsun Solutions, the enterprise modernization experts, is number 164 on its inaugural Inc. 5000 Series: D.C. Metro list, the most prestigious ranking of the fastest-growing private companies in D.C., Maryland, Virginia, and Delaware. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the D.C. Metro economy’s most dynamic segment.
The companies on this list show stunning rates of growth across all industries in the D.C. metropolitan area. Between 2016 and 2018, these private companies had an average growth rate of 196 percent and, in 2018 alone, they employed over 88,000 people and added $6.5 billion in revenue to the greater D.C. area’s economy. Companies based in the Washington, D.C., Baltimore, and Richmond, Virginia, metro areas brought in the highest revenue overall.
“We are honored to be included among the D.C. Metro’s fastest-growing companies”, said Karsun Solutions CEO Sundar Vaidyanathan. “As Karsun scales we are confident in our ability to deliver quality modernization solutions to our customers throughout the federal government.”
Karsun Solutions has ranked on the Inc. 5000 five consecutive years in a row. Celebrating its tenth anniversary this year, its headcount has grown over 2400% since its founding. To accommodate its expanding team, it recently moved into a new 75,000 square foot headquarters in Herndon, Virginia.
Complete results of the Inc. 5000 Series: D.C. Metro, including an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/inc5000-series-dc-2020.
About Karsun Solutions
Karsun Solutions is a fast-growing, innovative, enterprise modernization firm. The Virginia Chamber of Commerce, Washington Business Journal, and Inc. all recognize Karsun Solutions among the fastest-growing companies in the Washington, D.C. region. Karsun teams deliver software development, cloud, and advanced analytics solutions to customers at government agencies including the Department of Homeland Security, Federal Aviation Administration, and General Services Administration. It is an established firm, with a DCAA Approved Accounting System, CMMI Level 5 – DEV appraisal, and AWS Government Competency as well as ISO 9001, ISO 20000 and ISO 27001 certifications.
More about Inc. and the Inc. 5000 Regional Series
Methodology
The 2020 Inc. 5000 Regional Series is ranked according to percentage revenue growth when comparing 2016 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2016. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2018 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels, including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
HERNDON, VA- The Northern Virginia Technology Council (NVTC) announced Karsun Solutions, an enterprise modernization firm serving the U.S. government, ranked among the organization’s 2019 Tech 100 list. The largest technology council in the nation, NVTC is the trade association for the technology community in Northern Virginia. Honorees will be recognized at a ceremony on December 9th at the Ritz-Carlton, Tysons Corner.
“With a unique vision and dedication to industry innovation, Karsun Solutions stands out as a leader in the region and beyond. We’re excited to announce Karsun Solutions as an NVTC Tech 100 honoree,” stated Bobbie Kilberg, President and CEO, Northern Virginia Technology Council.
The Tech 100 is a list of groundbreaking companies, leaders and innovators within the region’s technology community. These technology companies and executives demonstrated dedication, vision and innovation within the region’s technology industry. This year’s program attracted over 180 nominations throughout the Greater Washington area. Each nomination was carefully reviewed and considered by a panel of judges. One hundred tech companies and 25 executives comprise the 2019 NVTC Tech 100 awards list. The honorees represent the region’s diverse and thriving technology ecosystem.
“We are honored to be recognized as one of Northern Virginia’s premier technology companies,” said Karsun Solutions CEO Sundar Vaidyanathan. “We are committed to continual investment in innovation and technological leadership.”
Celebrating its tenth anniversary this year, Karsun Solutions invested in internal research and development early in its history. In addition to this Tech 100 ranking, it was recently recognized as a finalist for the Moxie Award DC which celebrates boldness and innovation. Karsun Solutions reinvests in infrastructure and quality initiatives to ensure innovative technology drives high-performance delivery. This year its software development unit was appraised at CMMI Level 5 – DEV. At the time of appraisal, fewer than 50 organizations were rated at this level. It was also recently awarded AWS Government Competency status.
A long-term commitment to innovation underpins Karsun’s successful growth strategy. It continually ranks among the fastest growing companies in the greater Washington, D.C. region. The firm joined the Inc. 5000 five-year honor roll in August and was recognized among the Washington Business Journal 75 Fastest Growing Private Companies in October. In September the company opened a new 75,000 square foot headquarters in Herndon, Virginia.
About Karsun Solutions
The enterprise modernization experts, Karsun Solutions enables IT transformation for its government customers including the Department of Homeland Security, Federal Aviation Administration and General Services Administration. An innovation-based and performance-driven culture, Karsun Solutions teams deliver extraordinary software development, cloud and advanced analytics solutions to their customers. The organization’s commitment to quality includes a DCAA Approved Accounting System, AWS Government Competency, a CMMI Level 5 – DEV appraisal plus ISO 9001, ISO 20000 and ISO 27001 certifications.
About the Northern Virginia Technology Council
The Northern Virginia Technology Council (NVTC) is the membership and trade association for the technology community in Northern Virginia. As one of the largest technology councils in the nation, NVTC serves about 1,000 companies from all sectors of the technology industry, as well as service providers, universities, foreign embassies, nonprofit organizations, and governmental agencies. Through its member companies, NVTC represents about 350,000 employees in the region. NVTC is recognized as the nation’s leader in providing its technology community with networking and educational events; specialized services and benefits; public policy advocacy; branding of its region as a major global technology center; initiatives in targeted business sectors and in the international, entrepreneurship, workforce and education arenas; and the NVTC Foundation, a 501(c)(3) nonprofit charity that supports the NVTC Veterans Employment Initiative and other priorities within Virginia’s technology community. Visit NVTC at http://www.nvtc.org
HERNDON, VA – The Washington Business Journal named Karsun Solutions, an IT modernization firm serving the United States government, among the region’s 75 Fastest Growing Private Companies. The Fast 75 award recognizes the fastest growing private firms in Washington, D.C. To rank companies must have more than $2 million in revenue in 2016 and more than $10 million in revenue in 2018 to qualify. Growth must be consecutive year-over-year. Only the top 75 companies are recognized. Rankings will be announced at a ceremony on October 24th at the Ritz-Carlton in Tysons Corner, Virginia.
“Our placement among Washington’s fastest growing companies is an incredible honor and a charge to continue crafting extraordinary solutions for our customers,” said Karsun Solutions Chief Executive Officer Sundar Vaidyanathan.
Earlier this year Vaidyanathan was also recognized by the Washington Business Journal at their 12th Annual Minority Business Leader Awards. Honorees are among the Washington region’s top 25 minority business leaders. That award recognizes entrepreneurial drive, creativity and success.
Karsun Solutions previously appeared on the Washington Business 50 Fastest Growing Companies list in 2017. Moreover, this is the organization’s third award for growth this year. In August Inc. Magazine revealed Karsun Solutions ranked among the Inc. 5000 for the fifth year in a row. Only four percent of Inc. 5000 firms rank five times. Additionally, the Virginia Chamber of Commerce also ranked the company among the Fantastic 50, the chamber’s list of the 50 fastest growing private firms in Virginia.
To support the company’s continuous growth Karsun Solutions will open a new corporate headquarters in Herndon, Virginia this month. The new 75,000 square foot space will include both corporate and customer teams. In addition to expanded amenities, the new headquarters will house the Karsun Innovation Center and training facilities.
About Karsun Solutions
The federal IT modernization experts, Karsun Solutions enables enterprise transformation for its government customers including the Department of Homeland Security, Federal Aviation Administration and General Services Administration. An innovation-based and performance-driven culture, Karsun Solutions teams deliver extraordinary Modern Software Development, Cloud and Data and Advanced Analytics solutions to their customers. Karsun Solutions commitment to quality includes a DCAA Approved Accounting System, a CMMI Level 5 – DEV appraisal plus ISO 9001, ISO 20000 and ISO 27001 certifications.
NEW YORK, NY– Inc. magazine today revealed that Karsun Solutions, an IT modernization firm serving the United States government, is No. 2523 on its annual Inc. 5000 list. This is the firm’s fifth appearance on the list. As a five-time honoree Karsun Solutions joins an elite club. Just four percent of Inc. 5000 companies make the list five times.
The Inc. 5000 list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“We are honored by our membership among these performance-focused companies,” said Karsun Solutions CEO Sundar Vaidyanathan. “Our teams have long dedicated themselves to our customers, delivering quality solutions in each engagement.”
As a result of continuous year-over-year growth Karsun Solutions will move into a new headquarters in Herndon, Virginia this year. The office is slated to open in September 2019. The new 75,000+ square foot space will house corporate and customer teams in addition to the Karsun Innovation Center and training facilities. As part of the firm’s expansion, the organization plans to hire more than a hundred people in 2019. Candidates may apply at karsun-llc.com/careers.
“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. editor in chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”
Not only have the companies on the 2019 Inc. 5000 (which are listed online at Inc.com, with the top 500 companies featured in the September issue of Inc., available on newsstands August 20) been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
About Karsun Solutions
The federal IT modernization experts, Karsun Solutions enables enterprise transformation for its government customers including the Department of Homeland Security, Federal Aviation Administration and General Services Administration. An innovation-based and performance-driven culture, Karsun Solutions teams deliver extraordinary Modern Software Development, Cloud and Data and Advanced Analytics solutions to their customers. Karsun Solutions commitment to quality includes a DCAA Approved Accounting System, a CMMI Level 5 – DEV appraisal plus ISO 9001, ISO 20000 and ISO 27001 certifications.
More about Inc. and the Inc. 5000
Methodology
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 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 http://www.inc.com/inc5000.
About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.
HERNDON, VA- Karsun Solutions, an IT modernization company, announced it was named among the Fantastic 50, a yearly ranking of the fastest growing firms in Virginia. Held in Chantilly, Virginia, the award program is a signature event of the Virginia Chamber of Commerce. Now in its 24th year, the Fantastic 50 program is the only annual statewide award recognizing Virginia’s fastest growing businesses. Nominations for the 2019 Fantastic 50 were sought last fall from local chambers of commerce, economic development organizations, and through the sponsors’ networks; companies may also nominate themselves.
“It is our honor to recognize the entrepreneurial spirit of the fifty fastest growing businesses within the Commonwealth,” said Barry DuVal, president and CEO of the Virginia Chamber of Commerce. “We know that the success stories shared tonight will only grow more prevailing as the Chamber continues to implement the strategies outlined in Blueprint Virginia 2025, making Virginia the best place for businesses to start and grow. We are glad to toast the Virginia business leaders and the dedicated employees who have brought these companies continued success.”
In addition to the Fantastic 50, the Chamber announced four Virginia Vanguard winners, recognized for the highest growth in the categories of service, technology, retail/wholesale, and recognizing the company with the highest overall growth in Virginia. Kartik Mecheri, Co-Founder and Chief Architect at Karsun Solutions, accepted the award on the organization’s behalf.
“Karsun’s growth, celebrated tonight, is a reflection of our dedication to delivering high-quality modernization solutions to the Federal Government,” said Mecheri.
Located in Herndon, Virginia, Karsun Solutions specializes in government modernization. Karsun offers modern software development, cloud, and advanced analytics solutions to customers at agencies including the Department of Homeland Security (DHS), Federal Aviation Administration (FAA), and General Services Administration (GSA). Founded in 2009, the firm experienced early growth by merging innovation with data-driven outcomes.
Karsun celebrated the first year of its FAA SSD contract in 2018. In August of that year, the $145 million program increased headcount by more than 150 people. This expansion also included the addition of new teams in Oklahoma City, Oklahoma. In October, Alliant Solutions Partner, with Karsun Solutions as the managing partner, was awarded the GSA Database and Middleware Systems (DMS) Task Order. That year, the growing company ranked among the Inc. 5000 for the fourth year in a row.
The company expects to sustain this growth beyond 2019. Karsun was recently awarded its first full and open contract, the $80 million FEMA Grants Management Modernization BPA. Earlier this year the firm announced KHS Solutions, a mentor-protégé joint venture between Karsun Solutions and MindCubed. The joint venture was awarded a spot on the SEC One IT contract vehicle. This new vehicle broadened the organization’s reach into the Securities and Exchange Commission. Karsun is expanding and currently is hiring over 100 new technical positions to support its increasing customer base.
About the Virginia Chamber of Commerce
The Virginia Chamber of Commerce is the largest business organization in the Commonwealth, with more than 26,000 members. The Chamber is a non-partisan, business advocacy organization that works in the legislative, regulatory, civic and judicial arenas to act as the catalyst for positive change in all areas of economic development and competitiveness for Virginia. In December 2017, the Chamber released an update to its long-term strategic economic development plan, Blueprint Virginia 2025, which engaged over 6,000 business and community leaders to lay out a plan to getting Virginia back to the top of national business climate rankings. Learn more at www.vachamber.com.