With a Two-Year Revenue Growth of 121%, Blue Signal Ranks No. 89 on the Inc. 5000 List of the Southwest Region’s Fastest-Growing Private Companies

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Phoenix, AZ; March 25th, 2022 – Inc. magazine today revealed that Blue Signal is No. 89 on its third annual Inc. 5000 Regionals Southwest list - the most prestigious ranking of the fastest-growing private companies based in Arizona, New Mexico, Oklahoma, and Texas. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Southwest region economy’s most dynamic segment – its independent small businesses.

Blue Signal Search Ranks No. 89 on the Inc. 5000 List

The companies on this list show a remarkable rate of growth across all industries in the Southwest region. Between 2018 and 2020, these 141 private companies had an average growth rate of 154% percent and, in 2020 alone, they added 10,563 jobs and nearly $10.9 billion to the Southwest region’s economy. Companies based in the Austin, Texas; Scottsdale, Arizona’ and Fort Worth, Texas, areas had the highest growth rates overall.

Complete results of the Inc. 5000 Regionals Southwest, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/southwest.

“This year’s Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America’s off-the-charts growth companies. They’re disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you’ll be hearing about for years to come,” says Scott Omelianuk, Editor-in-Chief of Inc.

About Blue Signal

Having successfully completed over 1,600 search projects, it’s no surprise that Blue Signal has the experience, relationships, and tools to help you grow your career. Our deep industry knowledge – from 215 combined years of recruiting experience – and streamlined processes help clients to secure high-caliber talent within tight timeframes. As a top executive search firm, we have been a driving force in our clients’ professional successes. At Blue Signal, we immerse ourselves in our clients’ businesses and our candidates’ careers to fully understand top priorities and the best direction of both parties. Our reputation is built on our ability to consistently incorporate these priorities into all of our searches to make long-term, impactful connections.

More about Inc. and the Inc. 5000 Regionals

Methodology

The 2022 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2018 and 2020. To qualify, companies must have been founded and generating revenue by March 31, 2018. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2020 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.

About Inc. Media

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent.

The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

2021: A Year for Growth

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Kicking off the new year, Blue Signal would like to use this time to celebrate what we accomplished in 2021. We had set pretty hefty goals for ourselves following the Coronavirus Crash of 2020, and weren’t sure how achievable they may be with all of the uncertainty surrounding the professional landscape. Despite these fears and variables, we charged on — setting goals for placements, revenue, hiring, expanding, and growing as an organization. Every accomplishment we were able to achieve was a series of small steps toward growth. Let’s take the time to reflect and examine them.  

 

Growth in Placements  

In August of 2020, Blue Signal achieved 1,000 all-time placements. This was a huge accomplishment, especially given the circumstances of that year! However, closing out 2021 with over 1,500 placements marks the fastest growth period in Blue Signal history.  

2021 A Year for Growth Blog Graphic

To us, those 1,500 placements translate to 1,500 changed lives; 1,500 stronger teams; 1,500 career moves; and so much more. These relationships that we cultivate are what make us successful, and result in a lasting impact. When we make placements, it’s not just to get a number on the board — it’s to ensure the best matches possible for clients and candidates. These incredible placements are what set us apart, and that’s clear in the feedback we receive.   

Getting people opportunities for growth is why we do what we do. Our core values of excellence, transparency, integrity, commitment, and respect all align with our placement guarantees and each of our recruiting practices. Helping others is in our DNA, and it’s so rewarding to see it come to fruition — especially at an accelerated pace like it was in 2021! 

 

Initiatives and New Offerings 

In the spirit of growth and giving back, Blue Signal also took 2021 as an opportunity to update and expand our hiring practices and offerings. We took a look at the market and saw a need in more niche, specialized fields like lighting, emerging technology, and the internet of everything. With needs in these rapidly-growing fields, we’re staying ahead of the tech to best support clients in those industries.  

Additionally, we’ve dialed into our existing candidate pool and are actively working to promote the very things that set candidates apart – their unique backgrounds. It's our commitment to finding candidates the job of their dreams. For those with military backgrounds, that means translating their military experience to the civilian world and supporting them through the hiring process. Our veteran recruiting practice will work to assess applicants’ military backgrounds and goals to better align them with a fulfilling role in the civilian world. 

Furthermore, candidates asked and we listened when it comes to applicant resources. We began planning the new Resume and Career Services, powered by Blue Signal, which is set to launch in early 2022. This subscription-based service will offer members self-directed coursework to gain the tools needed to empower job seekers on their career projection, job moves, and more.  

2021 A Year for Growth Blog Graphic 2

Although not an entirely new concept, we did update and solidify our diversity, equity, and inclusion (DEI) goals and practices throughout the company. As recruiters, it has always been our duty to advance and promote workplace DEI. Blue Signal has championed this effort internally by educating and certifying 100% of our recruiters on the subject. Externally, we are educating hiring managers and ensuring the hiring experience is free of discrimination and bias. As we advance into 2022 with these missions in mind, we’re hoping to better the hiring landscape for organizations across the board.  

 

Awards and Recognition 

Perhaps one of our fondest accomplishments in 2021 were the awards we were recognized with. In 2021, we were named as one of the Best and Brightest Companies to Work For in the Nation. Industry Wired dubbed us one of the 10 Best Companies to Work for in 2021. We ranked as number 1750 on the Inc 5000 list and were listed as a Best Workplaces Honoree for Inc Magazine. In our headquarter state of Arizona, we were named among the Top Companies to Work for in Arizona, as well as Ranking Arizona’s #2 Executive Search and #4 Technical Placement Firm. We were also named as a Top Recruiter for Best of Tempe, and won the Copper Award for Healthy Arizona Worksites.  

2021 A Year for Growth Blog Graphic 3

As a result of the hardships of 2020, Blue Signal realized its full potential. Despite being a company of under 50 employees, we’ve accomplished so much following what had been the hardest year yet. The recognition we’ve received from these awards humbles us in our mission, but also gives us reassurance that we’re on the right path when it comes to transforming the recruiting industry for the better.  

 

Company Growth 

Overall, this small but mighty team prospered. Blue Signal grew its internal workforce by 25% in 2021. With that, we now have professionals positioned in 13 states across the US – providing better coverage nationally. 2021 marked 3-year revenue growth of 261% – and counting! With more support internally, we were able to get back to doing what we do best – helping others. We are looking forward to the growth that 2022 is sure to bring, and what that will mean in terms of results for candidates and clients alike.  

 

Looking Ahead  

When defining goals and examining what growth will mean for the company in 2022, we’ve set the bar high. Internally, we are looking to hire 25 more recruiters by year-end, meaning a 50% increase in our workforce. We are positioning ourselves for the anticipated growth in professional services, manufacturing, healthcare, and transportation and warehousing industries. Leveraging our tried-and-true resources, we are expecting even more success this year.  

It’s a very exciting time for us here at Blue Signal. The last year taught us that no matter the conditions, staying true to our core values and mission will lead to success. We look forward to continuing our partnership with each one of our clients and candidates, and hope to help them all on their own growth paths in 2022. Thank you to all who helped contribute to an incredible 2021 – here's to what lies ahead!  

Blue Signal Ranks No. 1750 on the 2021 Inc. 5000

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Blue Signal Ranks No. 1750 on the 2021 Inc. 5000,

With Three-Year Revenue Growth of 261 Percent

Inc. Magazine Reveals Annual List of

America’s Fastest-Growing Private Companies—the Inc. 5000

 

Inc. magazine today revealed that Blue Signal Search is No. 1750 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000. Blue Signal stands out as one of only 117 Arizona companies that made the list this year.

"We are proud and humbled to be on the Inc. 5000 list alongside many of our partners and clients," says Blue Signal CEO, Matt Walsh. "This recognition is a testament to our clients, candidates, and team. We are thankful for the opportunities to help build and grow many Inc. 5000 clients and appreciate the opportunity to be among them."

Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.

“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”

 

More about Blue Signal

Having successfully completed over 1,400 search projects, it’s no surprise that Blue Signal has the experience, relationships, and tools to achieve this massive growth. Our deep industry knowledge – from 245 combined years of recruiting experience – and streamlined processes help clients to secure high caliber talent within tight timeframes. As a top executive search firm, we have been a driving force in our clients’ professional successes. At Blue Signal, we immerse ourselves in our client’s businesses and our candidate’s careers to fully understand top priorities and the best direction of both parties. Our reputation is built on our ability to consistently incorporate these priorities into all of our searches to make long term, impactful connections.

Blue Signal’s success has gained the attention within the industry for our client services and candidate processes. We are proud to have won awards such as Inc. Magazine’s Best Workplaces 2021, #2 Executive Search Firm in Arizona for 3 consecutive years, #4 Technical Placement Firm 2021, Largest Direct Hire-Permanent Placement Firms for the Phoenix Business Journal 2021, Forbes America’s Best Temporary Staffing Firm 2020, the Best of Arizona Business 2019, Best Wireless & Telecom Workforce Recruitment Agency – USA 2019, Top Recruiter – Best of Tempe 2021 & 2019, and #2 Best Places to Work in Arizona. Among our leadership, Matt Walsh has joined the Pinnacle Society and was recognized as one of the 30 Most Inspiring Business Leaders in 2019.

 

More about Inc. and the Inc. 5000

Methodology

Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year’s Inc. 5000.  Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

About Inc. Media

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

For more information on the Inc. 5000 Vision Conference, visit http://conference.inc.com/.