Atlanta-based Boutique Consulting Firm Makes the Inc. 5000 List for 10th Consecutive Year
ATLANTA, Georgia – August 16, 2017 – For the tenth consecutive year, Insight Sourcing Group has been ranked on the Inc. 5000, the prestigious annual ranking of the nation’s fastest-growing private companies. The Inc. 5000 list represents a unique look at the most successful companies within the American economy’s most dynamic segment: its independent small businesses. 2017 marks a milestone for Insight Sourcing Group who now joins the “10x Club,” a honor that fewer than half of one percent of Inc. 5000 honorees ever achieve.
“As the company founder, making the elite ‘10x Club’ is truly an honor and point of pride for me personally,” said Tom Beaty, founder and CEO of Insight Sourcing Group. “We have a belief called ‘Intelligent Growth’ whereby we strive for growth but only to the extent that we can maintain our outstanding client results, our culture, and our financial performance. Being ranked on the Inc. 5000 for the tenth straight year is affirmation that we’re achieving all three goals.”
Insight Sourcing Group jumped 220 spots on this year’s list, having posted a three-year sales growth of 83% and adding over 50 jobs during the same period. The firms organic growth can be attributed to a series of bold strategic decisions. In 2012, the firm spun its proprietary spend visibility solution—at the time used internally for client spend analysis—into a standalone, SaaS-based business unit called SpendHQ (now used by over 150 companies including one of the 10 largest companies in the world as well as one of the top 10 private equity firms in the world). In 2014, the firm established its Enterprise Energy Solutions division, which helps clients reduce both their energy costs and demand. And in 2017, it rebranded its group purchasing division as InsightGPO, which now has over 500 members across multiple indirect category programs.
“The Inc. 5000 list stands out where it really counts,” says Editor-in-Chief and Inc. President Eric Schurenberg. “It honors real achievement by a founder or a team of them. No one makes the Inc. 5000 without building something great — usually from scratch. That’s one of the hardest things to do in business, as every company founder knows.”
For the full 2017 Inc. 5000 List of Fastest-Growing Private Companies, click here.
About Insight Sourcing Group
Insight Sourcing Group is considered one of the premier management consulting firms focused exclusively on Strategic Sourcing and procurement-related services in North America.
Founded in 2002, the firm works with senior executives and procurement leaders to accelerate Strategic Sourcing savings, increase Spend Visibility, provide category intelligence, and implement procurement best practices. Insight Sourcing Group has worked with hundreds of corporate clients and over 50 private equity firms. The firm has developed a reputation for the collegiality and high caliber of its team, its tremendous focus on client-results, and for its ability to consistently deliver strong outcomes.
Typical client results include 20% average savings per indirect spend category, 5-15% for direct spend categories, 400 – 600% first-year return on investment, and project payback periods of less than 90 days.