One of the leading providers of crowdsourced-based labor, uTest, has been listed at No. 7 on Forbes' third annual ranking of America's Most Promising Companies. The ranking marks the 2nd consecutive year the company has made the Forbes list's top ten, coming in at No. 8 last year. The list is featured in the February 10th print issue of Forbes and the full list of companies is available online.
Forbes' third annual list of America's Most Promising Companies recognizes 100 privately-held, high-growth companies. Companies that made the cut boast compelling business models, strong management teams, as well as notable customers and investors.
uTest provides in-the-wild app testing solutions for enterprise clients including Amazon, Virgin, & Sony. Testing solutions are based on crowdsourcing principles to allow clients access to software testers in over 200 countries on an as-needed basis.
Forbes strove for a holistic gauge of young, privately-held businesses, attempting to pin down their trajectories by taking a range of variables into account. Over the course of four months Forbes reviewed hundreds of applications. The final assessment is based on growth (both in sales and hiring), quality of management teams and investors, margins, market size and key partnerships. After verifying sales numbers, speaking with each company and debating their merits and blemishes, Forbes produces a final ranking.
uTest has seen consistent success and sharp growth since launching in August of 2008. The company has received over $80MM in funding, including a recently-announced, led by Goldman Sachs.
"Being named as Forbes' 7th Most Promising Company in America is an amazing honor. And to make their top ten in consecutive years is a great affirmation of the apps economy and uTest's role in it" said uTest CEO, Doron Reuveni. "Given the future growth of the apps economy – for phones, tablets, laptops, wearable devices and automobiles – it is critical that companies' apps work flawlessly in the hands of users. The fact that we enable customers to create apps that their users love positions us well for our future as Applause and for the steep growth that lies ahead."
Other recent milestones for uTest include:
- Testing more than 30,000 new builds for over 2,000 companies.
- Growing its global community of professional testers to more than 100,000
- The acquisition of mobile SDK, Apphance in 2012
- The launch of Applause Analytics in 2013