Nov. 7, 2018—BOLT ON TECHNOLOGY earned its spot on The Philadelphia100 list of the fastest-growing privately held companies in the region for the fifth consecutive year, according to a press release.
The 2018 award is given to companies with continuous growth over a three-year cycle from 2015 to 2017. BOLT ON's Philadelphia100 award follows a three-year sales growth rate of 244 percent and a 30 percent increase in workforce.
"The BOLT ON team is extremely proud to, once again, to be among the region's fastest-growing companies," said Michael Risich, founder and CEO of BOLT ON. "Since 2009, our mission has been to help shop owners stay ahead of the curve in the auto repair industry by providing tools that promote transparency of their services and improve all shop processes which, in turn, supports customer retention and drives profits."
To qualify for the Philadelphia100, companies must be privately owned, established in the first quarter of 2015 or earlier, have at least $125,000 in revenue in 2015 and have increased revenue through the following two years.
"We expect BOLT ON's growth to continue as we develop new products that address the changing needs of our customers as the industry evolves," adds Risich.
The Philadelphia100 award comes just one month after BOLT ON earned a spot on Inc. 5000's list of fastest-growing private companies in America, adding to a catalogue of achievements that includes the Innovate Philadelphia, PTEN Award for Innovation, Insight Success' 30 Most Inspiring Entrepreneurs of 2018 and the 2016 Corporate American Software & Technology Award for Best Auto Repair Software Solutions Provider.
