Tutor.com Named as One of the 5,000 Fastest-Growing Businesses by Inc. Magazine
Tutor.com Ranks No. 2,192 on the 2007 Inc. 5,000 With Three-Year Sales Growth of 163.7%
New York, NY (August 29, 2007) – Tutor.com, the leading provider of on demand tutoring and homework help was ranked as No. 2,192 on the first-ever Inc. 5,000 list of the fastest-growing private companies in the country. Tutor.com's ranking was based on a three-year sales growth of 163.7%. The Inc. 5,000, an extension of Inc. magazine's annual Inc. 500 list, catches many businesses that are too big to grow at the pace required to make the Inc. 500, as well as a host of smaller firms.
"This is a special honor that recognizes how impressive the company's growth has been over the past several years," said George Cigale, founder and CEO of Tutor.com. "We expect our growth trajectory to continue as we increase our marketing efforts and develop additional business partnerships to reach the millions of students and families who could benefit from on demand tutoring."
Tutor.com has completed over 2.5 million tutoring sessions and expects to complete a million more during the 2007-2008 school year after completing over 720,000 during the 2006-2007 school year. The company is continuing its fast-paced growth thanks to an expansion funding of $13.5 million led by Intel Capital in the spring of 2007. The funding is being used to market the company's family subscription service, Tutor.com Direct and to continue recruiting professional tutors. Tutor.com already has over 1,800 tutors, the largest online tutor network available.
Tutor.com offers on demand tutoring seven days a week for students in grades 4-12 and those taking introductory college courses. While traditional in-person tutoring services as well as many online tutoring companies require scheduled appointments with the same tutor at the same time each week, students who use Tutor.com services are empowered to get help the minute they get stuck. Students connect to a professional tutor for one-to-one sessions in math, science, social studies and English. Over 90% of students and parents using Tutor.com's homework and tutoring services report they would recommend it to a friend.
The 2007 Inc. 5,000, as revealed online at www.inc.com, reported median revenue of $9.4 million and median three-year growth of 140 percent. Complete information on this year's Inc. 5,000, can be found at www.inc.com/inc5000.
The 2007 Inc. 5000 list measures revenue growth from 2003 through 2006. To qualify, companies had to be U.S.-based and privately held, independent—not subsidiaries or divisions of other companies—as of December 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006.
Tutor.com creates innovative, on demand homework help and tutoring services that connect students to a professional tutor online the moment they need help in math, science, social studies or English. Our network of over 1,800 professional tutors has delivered over 2 million one-to-one tutoring sessions. Tutor.com services include Tutor.com Direct, an on demand tutoring service for families and Live Homework Help, an after-school program offered at over 1,600 public libraries. Tutor.com also powers two statewide, governor-supported initiatives, HomeworkKansas and HomeworkAlabama. Tutor.com was named to Deloitte's Technology Fast 50 Program for the New York Region in 2006 and honored as one of the 25 Best Small Companies for Women 2007 by Working Mother. For more information or a free trial of the service please visit Tutor.com or call (800) 411-1970.