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StudyPoint Makes the Inc. 5000 List for the 4th Year in a Row

July 29, 2010

StudyPoint, a national leader in private in-home SAT tutoring and ACT tutoring, has been named for the fourth consecutive year to the Inc. 5000 list of "The Fastest Growing Companies in America."

The tutoring industry in general, and the SAT tutoring and ACT tutoring markets in particular, are experiencing rapid growth as the college admissions process grows increasingly competitive. Given this backdrop, StudyPoint CEO and co-founder Rich Enos has been very happy with his company's progress, "To make the Inc 5000 list four years straight reflects the quality of our programs and the incredible people in our organization. We've worked hard over the last decade to establish ourselves as a leader in one-on-one tutoring, and this recognition from Inc illustrates how that hard work has paid off."

The Inc 5000 is a collection of the fastest growing companies in the United States. To be eligible, companies must have earned at least $100,000 in revenue in 2006, and $2,000,000 in revenue in 2009. In addition to achieving an extraordinary rate of growth, award recipients have been an engine for growth during these trying economic times. According to the company's own data, the 2009 Inc 5000 are responsible for creating 1 million jobs since their founding.

Having served over 14,000 SAT, ACT and academic tutoring students since its inception, and with revenues from last school year topping $5 million, StudyPoint accomplished the rare feat of making the list for the fourth year in a row. Company President and co-founder Greg Zumas notes that it hasn't been easy, "Every company faces hardships, but few periods in history have posed the unprecedented challenges of the 2008-2009 financial and real estate collapse. We had to tighten our belts, but we've never laid off a single staff person and we emerged from that period healthier and more profitable than ever." He credits the company's success to a focus on highly personalized tutoring, and an emphasis on finding and hiring quality instructors.

As for the company's prospects, Enos is optimistic and points to the growing need for effective academic support. After climbing throughout the past decade, the number of college bound students will peak over the next two to three years, and with this increase the number of SAT test takers will also grow. The ACT has also been gaining in popularity on both coasts, all of which adds up to a more competitive college admissions environment and likely continued growth for those companies that assist students with this often trying rite of passage. Says Enos, "Our goal is to get students past the SAT or ACT so that the rest of their application can stand on its own merit. We have a pretty remarkable track record of doing just that."

About StudyPoint, Inc.

StudyPoint is a national leader in one-to-one, in-home test prep and academic tutoring. The test-taking techniques and strategies taught in their SAT tutoring and ACT tutoring programs enable students to earn higher test scores and gain admissions to competitive colleges and universities. Their expert subject tutors and personalized lesson plans help students earn better grades and become happier, more confident students.

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