ModCloth ranked No. 2 on Inc. annual list
By Pittsburgh The Tribune-Review
Published: Wednesday, Aug. 25, 2010
ModCloth Inc., an Internet retail clothing company based in the Strip District, was ranked by Inc. magazine as the second fastest growing privately-held company in the United States, based on the percentage of revenue growth from 2006 through 2009. ModCloth had a 17,190 percent growth in revenue from 2006 through 2009, reaching $15.6 million. The company was founded in 2002 by former Carnegie Mellon University graduates Susan Gregg Koger and her husband, Eric Koger. Also making the list, released Tuesday, were Empyeran Services LLC. of Sewickley, an engineering and consulting firm, which was rated 252nd, with a revenue growth of 1,225 percent and revenue of $20.6 million. Urban Lending Solutions LLC., a North Side-based mortgage services company, was rated 389th with a 762 percent growth in revenue and $51.3 million. Universal SmartComp. of Washington, which works with companies to reduce their workman's compensation costs, was rated 503rd with a 599 percent growth in revenues that hit $82 million last year.
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