Instructure Recognized as One of Utah's Fastest Growing Companies
SALT LAKE CITY, Oct. 17, 2017 /PRNewswire/ -- Instructure, Inc. (NYSE: INST), a leading software-as-a-service (SaaS) technology company that makes software that makes people smarter, today announced it was named to the MountainWest Capital Network (MWCN) 2017 Utah 100 list, which recognizes the fastest growing companies in the state. Instructure ranked No. 26 out of 100 companies and was honored at the 23rd annual Utah 100 Awards program.
"We're thrilled to be recognized for the growth we have achieved. We've reached this success thanks to the incredible work of our team who are so passionate about delivering quality online learning," said Jeff Weber, SVP of people and places for Instructure. "With so many other great companies, and the tremendous growth that the state of Utah has seen, it is a true honor to receive this award."
Instructure continues to receive recognition for its innovative culture and growth. In fact, earlier this year, the company was honored at the Utah Business Fast 50, a list of the fastest growing companies in the state of Utah. Instructure ranked No. 5, claiming a spot on the list for the second consecutive year, and was named to the Emerging Eight list in 2014 and 2015. Placement on the Utah Business Fast 50 list is based on five years of revenue growth and five years of compound annual growth.
"We congratulate all of this year's Utah 100 companies for building outstanding businesses and making strong contributions to Utah's economy," said Reed Chase, chairman of the MWCN Utah 100 committee. "These companies further advance Utah's standing as an excellent place to do business."
Recipients of the Utah 100 were chosen by the percentage of revenue increase of each company between 2013 and 2017.
ABOUT MOUNTAINWEST CAPITAL NETWORK
MountainWest Capital Network (MWCN) is the largest business networking organization in Utah, consisting of entrepreneurs, venture capitalists, consultants, legal professionals, bankers, and educators. MWCN seeks to promote and recognize business growth and capital development in the state through a variety of award programs and activities.
Instructure, Inc. is a leading software-as-a-service (SaaS) technology company that makes software that makes people smarter. With a vision to help maximize the potential of people through technology, Instructure created Canvas, Gauge, Arc and Bridge to enable organizations everywhere to easily develop, deliver and manage engaging face-to-face and online learning experiences. To date, Instructure has connected millions of instructors and learners at more than 3,000 educational institutions and corporations throughout the world. Learn more about Canvas for higher ed and K–12, and Bridge for the corporate market, at www.Instructure.com.
Senior Director, Public Relations
SOURCE Instructure, Inc.