Falls Church, VA—Inc. recognized Nexus Systems as number 238 in the software category and 254 in Virginia on its annual list of the fastest growing private companies in America. Nexus Systems experienced a three-year revenue increase of 88 percent, which bolstered its ranking on the Inc. 5000 list, with a 15 percent increase from last year’s 275 ranking in the software category. This monumental achievement also marked Nexus Systems as a five-time Inc. 5000 honoree.
Much of the company’s success in the last three years is attributed to its legacy of year-over-year growth in client acquisition. From new partnerships to expansion into new verticals and global markets, Nexus Systems maintains its commitment to continually discover innovative ways to best serve its client community.
“We are extremely honored to be ranked on the Inc. 5000 list for the fifth year in a row,” says Nexus Systems CEO Tom Coolidge. “Our growth in both clients and revenue is due to the outstanding Nexus Systems team which is dedicated to always putting the needs of the clients first.”
In order to qualify to be listed on this year’s Inc. 5000, a company must have generated minimum revenues of $100,000 in 2012 and $2 million in 2015, be privately held, for profit, based in the U.S. and independent (not a subsidiary or division of another company). Companies are ranked according to the percentage growth of their annual revenue over a three-year period.
About Inc. magazine
Inc. magazine has been the premier print publication for entrepreneurs and business owners for over 30 years. In 1982 the magazine introduced the Inc. 500 to celebrate the fastest growing privately held companies in the United States. In 2007 the magazine expanded to the Inc. 5000 to recognize a larger percentage of the growing market.
About Nexus Systems
Nexus Systems is the leading provider of web-based applications that drive business process efficiencies and business process accountability, focusing on the accounts payable realm. From its inception in 1999, the team at Nexus Systems has worked diligently to maintain its reputation as a highly responsive, innovative, and dynamic software company. Nexus Systems is a privately held company headquartered in the Washington, DC Metropolitan Area in Falls Church, Virginia. Its staff is comprised of technically savvy, hand-picked professionals with a dedication to satisfying each customer. Its flagship product, NexusPayables, automates the traditionally paper intensive accounts payable procure-to-pay process and is recognized as the best-in-class paperless solution. The NexusPayables application enjoys continued success as a result of its mature and robust functionality, intuitive interface, flexibility, compatibility with other systems, and overall ease of use.
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