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NJBIZ 50 Fastest Growing Companies ranked — find out who's No. 1

By , - Last modified: November 14, 2014 at 11:44 AM

It's an honor every New Jersey business covets, but only one can earn the top spot on the NJBIZ 50 Fastest Growing Companies.

ProSight Specialty Insurance CEO Joe Beneducci was given the honor Thursday night at The Palace in Somerset at an event sponsored by Citi and Baker Tilly.

ProSight, based in Morristown, has seen a 122.1 percent increase in revenue growth the past three years.

Founded in 2009, ProSight now has a team of 425 employees providing specialty insurance products and services to customers within the entertainment, transportation, construction, marine, energy, professional services and other niches. Most recently it has launched specialty programs for nightlife establishments, professional employment organizations and golf clubs.

The 50 Fastest Growing Companies are determined by the following factors:

  1. Companies must have revenues of at least $500,000 the past three years, showing an increase all three years.
  2. Companies are ordered from 1-50 in two categories: Percentage increase in revenue and total dollar increase in sales. The combination of those two scores determines the final ranking.

Here’s a look at the NJBIZ 50 Fastest Growing Companies:

NJBIZ 50 Fastest Growing Companies 2014 (1-10)

NJBIZ 50 Fastest Growing Companies 2014 (11-30)

NJBIZ 50 Fastest Growing Companies 2014 (31-50)

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Write to the Editorial Department at editorial@njbiz.com.

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