1. FOR RELEASE AT 1:30 PM, TUESDAY, NOVEMBER 3, 2015
Innovecture Ranks # 60 of the Utah 100 Fastest Growing Companies of 2015
MountainWest Capital Network Releases 100 Fastest Growing Companies at Awards Program
SALT LAKE CITY, Nov. 3, 2015—Innovecture (www.innovect.com) was ranked the 60th 2015
fastest growing company in Utah by MountainWest Capital Network (MWCN) (www.mwcn.org) at
the 21
st
annual Utah 100 Awards Program Tuesday. The annual program recognizes the 100 fastest
growing Utah companies, the Top Revenue Growth companies, and the “Emerging Elite” companies.
“It is indeed a great honor to be listed in the MWCN Utah 100 fastest growing companies.” Said
Shreyas Kamat, CTO and Co-founder of Innovecture. “It has been a terrific journey so far since we
started as a 2 member company 6 years ago. This award is a testimonial to our commitment in
providing value to our clients and a growth oriented environment to our employees. Our employee’s
dedication, hard work and our client’s strong support helped us in achieving this significant
milestone”.
The 100 fastest growing companies in Utah are selected from thousands of eligible applicants
throughout the state and represent a cross-section from all industries.
“It is clear Utah is one of the hottest places in the country to start or run a business,” said Paul Skeen,
chairman of the MWCN Utah 100 committee. “As a strong indicator, we had a record number of Utah
companies vying for the 100 fastest growing companies in Utah along with about a 400 percent
increase in the number of Emerging Elite nominations. It is a pleasure to recognize this year’s
Emerging Elite companies along with the Utah 100 fastest growing companies.”
The percentage of revenue increase of each company between 2010 and 2014 determines the Utah
100. Those companies with the largest dollar amount of revenue growth in 2014 make up the
Revenue Growth winners. The Emerging Elite are selected from among companies with less than
five, but more than two years of operation that show significant promise for future success.
About Innovecture
Innovecture is a Technology and Management consulting, development services company based in
Draper, Utah. Innovecture provides a suite of services ranging from Strategy, Roadmap development,
Product development, Application development and Program/Project Management across industry
verticals and various IT development platforms. Innovecture has developed many mission critical
platforms and products in the financial services, cards, payments and banking sector and is providing
consulting services to Fortune 500 companies. With development centers in US and in India coupled
with its pool of industry best talent, Innovecture is uniquely positioned to provide effective consulting
and development services to medium to large size organizations in the US. For more information
please visit www.innovect.com
Media Contact:
Sujit Kumar
Sujit.kumar@innovect.com
(602) 363-8727
About MountainWest Capital Network
MountainWest Capital Network is Utah’s first and largest business networking organization devoted to
supporting entrepreneurial success, and dedicated to the flow of financial, entrepreneurial and
intellectual capital. For more information, visit www.mwcn.org, LIKE us on Facebook and follow us on
Twitter @MWCN and LinkedIn