In a list published by the Boston Business Journal, iLab Solutions was ranked number 25 out of the state’s 76 fastest-growing private companies; a small percentage of the state's 615,000+ small businesses. The list examined companies based in the state of Massachusetts, and ranked organizations on the percent change in revenue from 2012 to 2015.
As this award comes on the heels of iLab’s induction to the Inc. 5000 list, the organization is no stranger to growth. From 2012 to 2015, iLab’s revenue more than tripled. During that same time, the company also managed to double its number of team members. Additionally, iLab has focused on growing its global presence during the past years, now serving research facilities in 15 countries across the planet.
“Being named to this list is truly an honor,” stated Tad Fallows, iLab CEO. “It’s only from an incredible work ethic seen across our team that we’re able to see these kinds of results. I couldn’t be more proud of both our focus on quality and our dedication to the research community, both of which are foundational to the company as a whole.”
In addition to personnel, the company has deployed a vast amount of new functionality over the past few years, all of which aims to streamline scientific research efforts. While such growth is certainly noteworthy, the organization shows no plans of slowing its progress.
“We’re thrilled to make the list,” stated Sriram Gollapalli, iLab COO/CTO, pictured. “We’ve all worked so incredibly hard over the past few years, and this recognition is great. Our focus remains streamlining the efforts of the research community, and facilitating scientific breakthroughs. We’re excited to participate and contribute to this progress as we grow.”