TAMPA, Fla., July 21, 2014 /PRNewswire-iReach/ -- Veredus makes the Staffing Industry Analyst's Fastest Growing Staffing Firm list for 2014. From 2009 to 2013 Veredus grew at a compound annual growth rate of over 31%. They currently hold the 43rd spot on the list. The CAGR and ranking are both increases from last year's list.
The 2014 list of fastest-growing U.S. staffing and talent engagement firms was released today by Staffing Industry Analysts, the global advisor on contingent work. InGenesis, ranked second in 2013, topped the list in 2014 with a 132.7% compound annual growth rate. InGenesis and EDH Corporation were the only companies to make the top 10 in both 2013 and 2014.
All 97 staffing firms on the list posted compound annual revenue growth of 15 percent or more, compared to 92 firms last year. The top 10 fastest-growing firms had a median compound annual growth rate of 56.8 percent from 2009 through 2013. Forty firms reported information technology staffing as one of their top segments while 30 reported industrial staffing as one of their top segments.
"This is the largest number of companies to qualify for the list since we began producing it in 2005," said Craig Johnson, managing editor for Staffing Industry Analysts. "The 2014 list exemplifies the changing nature of the staffing industry landscape."
To qualify for the list, staffing firms had to post at least $1 million in revenue in 2009 and have compound annual revenue growth of at least 15 percent between 2009 and 2013. Revenue included U.S. staffing and talent engagement revenue. Staffing Industry Analysts defines staffing revenue as revenue from providing temporary workers to business clients, as well as from the "place & search" services of direct hire/permanent placement and retained search. Talent engagement revenue is defined as Professional Employer Organization (PEO) net revenue, Recruitment Process Outsourcing (RPO) revenue, payrolling net revenue, online staffing revenue and Managed Service Provider (MSP) fee revenue.
"This is another great achievement for Veredus," stated Dan Rodriguez, CEO of Veredus. "It is very gratifying to see that coming out of the recession; we are able to grow our company at a CAGR of over 31% for a three year period. It makes me proud to lead this incredible team of staffers."
About Staffing Industry Analysts
Staffing Industry Analysts is the global advisor on contingent work. Known for its independent and objective insights, the company's proprietary research, award-winning content, data, support tools, publications and executive conferences provide a competitive edge to decision-makers who supply and buy temporary staffing. In addition to temporary staffing, Staffing Industry Analysts also covers related staffing sectors. The company provides accreditation with its Certified Contingent Workforce Professional (CCWP) program. Founded in 1989, acquired by Crain Communications Inc. in 2008, the company is headquartered in Mountain View, California, with offices in London, England. For more information: www.staffingindustry.com.
Veredus provides the best IT professionals for contract and permanent placement. By taking the time to understand each company's unique corporate culture and needs, our veteran professional recruiters find the ideal personality and skill set for a perfect match.
Veredus was formed in 2000 by a group of technology staffing professionals who believed there was a better way to match employers with employees. They examined every step of the process to find improvement and Veredus took off. That commitment to innovation and great results is still at work today and has experienced unprecedented growth.
Veredus is an award winning company with a total commitment to quality, integrity, and first class service. Veredus takes the time to understand your business needs and strive to be a trusted partner that you can count on. Veredus is privately held and has locations nationwide as well as a Veredus Recruiting Center.
Media Contact: Alex Wright, Veredus, 813-489-4350, firstname.lastname@example.org
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