Adding yet another award to the list, Maven Wave was recently named the 42nd fastest growing company in Chicago by Crain’s Chicago Business. The Crain’s Fast 50 list ranks Chicago-based businesses with the highest five-year revenue growth rates. Today’s award marks the fifth consecutive year that rapid growth has propelled Maven Wave onto the exclusive Fast 50 list.
Maven Wave’s revenue grew 312% for the period evaluated by Crain’s, reaching $50 million for 2017. The company’s growth has been fueled by four key factors including:
- The rapid adoption of cloud computing by the world’s largest corporations
- The strategic use of big data across the whole value chain
- The unique insight gained from sophisticated machine learning models
- The company’s deep relationship with Google and other partners
These factors and many others continue to contribute to the strength of Maven Wave’s business model as the company anticipates growth to proceed at a pace of 60-70% this year, reaching revenues north of $80 million for 2018.
“It’s been a wild ride with exciting growth for 5 years in a row. We’re grateful to Crain’s Chicago Business for the honor, to our growing team of consultants who make us proud every day, and to Google for its commitment to our critical partnership,” said Brian Farrar, Partner & Co-Founder of Maven Wave. “We are thrilled to be included alongside the remarkable and innovative companies on this list who are building the new economy here in Chicago.”
In addition to rapid growth, Maven Wave was also just named one of the 2018 Best Workplaces in Chicago by Great Place to Work® and FORTUNE magazine. Reflecting on the recent round of recognition, Farrar noted, “rarely do you get a moment to pause and give thanks for a job well done, but this is one of those moments. That said, we aren’t going to break our arms patting ourselves on the back; instead, we’re rolling up our sleeves to get a running start on the next 5 years.”
To read a spotlight profile on Maven Wave, click here.