Mountain View, CA September 2, 2009 – Beau-coup Favors, Inc., the leading online retailer of party favors, gifts and party supplies for weddings and other life events has been recognized as one of the fastest-growing private companies in the United States by Inc. Magazine in its 2009 rankings. The company achieved a three-year growth rate of 243% from 2005 to 2008 and for the first time lands on the prestigious Inc. 5000 list of the fastest-growing companies in the U.S. Beau-coup joins the ranks of previous Inc. 5000 honorees, which includes high-growth companies such as Microsoft and Oracle.
Despite the economic downturn, Beau-coup has seen record sales in 2009 and is on track to gross over $10 million this year. The company, started in 2002 in the founders' living room, has enjoyed profitability and annual revenue growth every year since its founding. Beau-coup continues to add staff members and recently appointed Silicon Valley industry veteran Thomas Cole to lead the company through its next growth phase as Chief Executive Officer.
"Beau-coup is excited to be included in the 2009 Inc. 5000 listing," says Cole, CEO of Beau-coup. "We are particularly pleased to have generated our 243% three-year growth rate on a significant revenue level. It's one thing to rack up triple-digit growth rates on a few hundred thousand in revenues, but we've done it with a significantly larger business. I credit our company's success to the high quality customer experience we offer, starting with distinctive products attractively presented on our web site, through the efficient ordering and delivery process, all supported by excellent customer service."
As an e-commerce company that interacts with its customers exclusively through its web site, Beau-coup must stay on the cutting edge of online commerce best practices, and the company prides itself on its constant innovation. "We plan to continue to evolve our web site and maintain a dynamic, enjoyable e-commerce experience for our customers," adds Cole.
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Beau-coup Favors, Inc.
The Inc. 5000 is ranked according to percentage revenue growth from 2005 through 2008. To qualify, companies must be U.S.-based, privately held, for profit and independent - not subsidiaries or divisions of other companies - as of December 31, 2008. Revenue in 2005 must have been at least $200,000, and revenue in 2008 must have been at least $2 million.
Beau-coup was founded with the mission of filling a gap in the wedding favors industry for unique and refined favors. The company's strength in merchandising and its elegant website have made it the leader in its industry and a valuable online destination for anyone looking for distinctive party favors, wedding supplies and bridal party gifts. Beau-coup has been featured in a variety of leading publications including Fortune, The Wall Street Journal, and InStyle Magazine.