Optimal Design – Fastest-Growing Chicago Tech Company in America!
FOR IMMEDIATE RELEASE:
AUGUST 16, 2018
Inc. Magazine Unveils Its 37th Annual List of
America’s Fastest-Growing Chicago Tech Companies—the Inc. 5000
Optimal Design Ranks as one of the Fastest-Growing Chicago Tech Companies in America!
NEW YORK, August 16, 2018 – Inc. magazine today revealed that Optimal Design, a tech company with offices in Chicago and Arlington Heights, IL is listed on its 37th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing companies. The 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.
“Builders and creators form our credo,” said Joe Wascow, Optimal Design co-founder and CMO. “At Optimal Design, we design the future we want to inhabit. Inclusion in the #Inc5000 motivates us to keep dreaming.”
Not only have the companies on the 2018 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 15) been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2 percent, and a median rate of 171.8 percent. The Inc. 5000’s aggregate revenue was $206.1 billion in 2017, accounting for 664,095 jobs over the past three years.
Inclusion on the Inc. 5000 is the most recent honor received by Optimal Design, who was also recently featured among the Fast Company’s 2017 Innovation by Design Award recipients for their work on the Rapture virtual reality system (custom head mounted display, haptic feedback gun, haptic feedback vest, and integrated high-power computing), designed for The VOID.
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.
“If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” says Inc. editor in chief James Ledbetter. “The lines of business may come and go, or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.”
The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 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 Optimal Design
Optimal Design is an award-winning product development firm specializing in the design and engineering of Wearables, Mobile Computing Products, and connected devices for the Internet of Things. Optimal’s integrated and in-house services include technology R&D, industrial design, mechanical and electrical engineering, software development, RF design, prototyping and production sourcing. With a key role in over 200 patents over the past 15 years, Optimal brings a proven track record in creating patentable intellectual property that protects the client’s investment. Optimal focuses on designing for manufacturability and success in the marketplace at optimized margins. Please contact email@example.com or visit https://www.optimaldesignco.com to learn more.
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 18,000,000 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.