Mtech Graduate Lurn Makes Inc. 500 List
Lurn Inc. (formerly known as Affiliate Classroom Inc.), a leading provider of e-learning content and technology and a graduate of Mtech's VentureAccelerator Program and Technology Advancement Program (TAP) incubator, was named one of the 500 fastest growing private companies in America by Inc. Magazine.
The company, founded by Hinman CEOs alumnus Anik Singal, placed 216th on the list with a 5-year revenue growth of 950.8%.
In addition to the overall ranking, the company was ranked second in the education industry segment.
"I am proud of our company and everything our team has done to drive this growth and establish long-term, sustainable systems, technologies and plans," says Singal, CEO of Lurn. "This is further proof of our ability to repeatedly create and deliver quality training to our students."
This is the third award for Lurn in the past year. In June, the company was named a Maryland Incubator Company of the Year in the technology services category. In September 2008, Singal was ranked second in BusinessWeek.com's Best U.S. Entrepreneurs 25 and Under.
"It is exciting to see an alumnus achieve national recognition for his innovative venture," says James V. Green, director of the Hinman CEOs Program and associate director of Mtech's entrepreneurship education programs. "Lurn's success is a testament to the hard work of Anik Singal and his colleagues, as well as the portfolio of Mtech programs that help faculty and students develop great ideas into successful technology-based companies."
Singal started the company in 2004 after joining Hinman CEOs, the nation's first living-learning entrepreneurship initiative. He graduated in 2005 and joined VentureAccelerator, which speeds the process of venture creation by systematically guiding and coaching university inventors through new business processes. In May 2006, Singal took first place in the University of Maryland Business Plan Competition in the Young Alumni Category, winning $15,000. In March, 2007, he joined the TAP incubator. Lurn graduated from TAP in spring 2009.
The company is launching a new version of its flagship e-learning product, Affiliate Classroom. The application provides students with training courses on online marketing topics, tools for building and growing an online business, and a community to interact with one another, the company and its network of industry experts.
August 27, 2009