Growth was at 102% from 2012 to 2014
October 27, 2015—Coherent Solutions has made the Minneapolis/St. Paul Business Journal’s Fast 50 for the second year in a row, moving up from number 27 on the list to number 21. The Fast 50 is a list of the fastest growing private companies in the Twin Cities. Receiving entries from hundreds of contestants every year, The Business Journal ranks winners according to audited revenue reports. Coherent Solutions’ revenue has grown from $10.38 million in 2012 to nearly $21 million in 2014, and its number of employees went from 335 to 545 in the same time period.
“The Twin Cities is a really dynamic business environment, and it’s exciting to see all the success stories each year from the companies that make The List,” said Igor Epshteyn, CEO of Coherent Solutions. “It’s an honor to be part of this group of companies.”
When asked about key accomplishments in 2014, Epshteyn told the Business Journal, “We launched a new service offering related to cloud infrastructure and DevOps, which is extremely hot in information technology right now. In line with this offering, we made the transition in 2014 to operate our entire technical infrastructure from the cloud.”