Gilligan & Ferneman Named 427th Fastest Growing Private Company

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Last month Inc. magazine ranked Gilligan & Ferneman, llc NO. 427 on its 31st annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Companies such as Microsoft, Zappos, Intuit, Jamba Juice, Zipcar, Clif Bar, Vizio, Oracle, and many other well-known names gained early exposure as members of the Inc. 500|5000.

Last month Inc. magazine ranked Gilligan & Ferneman, llc NO. 427 on its 31st annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Companies such as Microsoft, Zappos, Intuit, Jamba Juice, Zipcar, Clif Bar, Vizio, Oracle, and many other well-known names gained early exposure as members of the Inc. 500|5000.

I think the hardest part was keeping up with all the orders coming in. Managing the people to handle the shipping and customer service questions involved with 873% growth has been an interesting experience to say the least. Thank God, Miva Merchant was there from day 1. It has proven to be one less thing I had to worry about.”

Gilligan & Ferneman, llc operates six e-commerce sites that sell cooling and wicking daywear and sleepwear and temperature regulating and cooling bedding. Sites include DriBamboo.com and MenopauseNights.com.

“One of the keys to our growth has been our ability to change and adjust our technology as the needs arose. When our company was featured on the Dr. Oz show, we had to quickly ramp up to meet the expected response. Miva Merchant played right into our plans – when the show aired, Merchant hummed along handling 10 users – and then seconds later – 1800 simultaneous users without so much as a hiccup!. And its still humming today.” Stated William Gilligan, Company CTO

“I think the hardest part was keeping up with all the orders coming in. Managing the people to handle the shipping and customer service questions involved with 873% growth has been an interesting experience to say the least. Thank God, Miva Merchant was there from day 1. It has proven to be one less thing I had to worry about.” stated Michael Ferneman, Company COO

The 2012 Inc. 500, unveiled in the September issue of Inc. (available on newsstands August 21 to November 15 and on Inc.com), is the most competitive crop in the list’s history. To make the cut, companies had to have achieved a staggering minimum of 770% in sales growth. The Inc. 500‘s aggregate revenue is $15.7 billion, with a median three-year growth of 1,431 percent. The companies on this year’s Inc. 500 employ more than 48,000 people and generated over 40,000 jobs in the past three years. Complete results of the Inc. 500|5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at https://www.inc.com.

Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward.  Growth companies, not large corporations, are where the action is,” says Inc. magazine Editor Eric Schurenberg.


Methodology

The 2012 Inc. 500|5000 is ranked according to percentage revenue growth when comparing 2008 to 2011. To qualify, companies must have been founded and generating revenue by March 31, 2008. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2011. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2008 is $100,000; the minimum for 2011 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at https://www.inc.com/500.

About Inc.

Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders.  Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today.  For more information, visit https://www.inc.com.

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