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The number of people working for Chicago digital technology companies grew by 21% in 2013 with more than 40,000 employed in the sector (compared to 33,000 in 2012). There are now more than 1,500 digital technology companies in Chicago with one launching every 24 hours in 2012. The fastest growing companies include Enova, Coyote Logistics, GoHealth, kCura, MSDSonline, Trunk Club, Braintree and Sprout Social.
“Digital companies continue to expand and grow here in the City of Chicago,” said Mayor Rahm Emanuel. “I am excited by the growth that is occurring in the digital market as Chicago sees more jobs in the field, more startups and more opportunity. I look forward to what these innovative digital companies will continue to do, and I know they will contribute to economic growth here in Chicago during this next year.”
Enova, #3 on the list, ended 2012 with $661MM in revenue and $140MM in EBITDA. This represents an annual revenue growth rate the last four years of 31%. “We’re excited to be ranked alongside many other Chicago-based market leaders and giants in the global tech community, said David Fisher, CEO, Enova. “Enova’s growth is fueled by our Customer First focus and our aim to create a dynamic work environment that attracts top talent. We are proud to be a Chicago born-and-raised company and thankful for the supportive environment which enables technology companies here to thrive.”
And, for the majority of the Top 100 companies, their success was not created overnight. 66% of the companies being recognized are more than ten years old. One such company, kCura, is a privately held software company founded in 2001. “We’re excited to be recognized among so many great companies on Built In Chicago’s list,” said Andrew Sieja, president and CEO of kCura. “We love this city, and we love that our clients and hardworking team make it possible for us to keep building great software here.”
Infographic is sponsored by Brad Serot of CBRE.
How rank is determined: the rank is based on number of Chicago employees.
A note about rank increase: If no rank increase is listed, the company retained the same position, was not included last year, or declined in rank.