Two MoCo Companies Make Forbes' Most Promising List

Two Montgomery County companies earned high praise Wednesday when they were named by Forbes to its “America’s Most Promising Companies” list.

The up-and-comers are Wedding Wire, which lets couples line up everything from caterers to venues online, and Virtustream, a software developer for cloud computing.

Forbes says the companies on the list are all privately owned and generating under $300 million annually. Besides revenue growth, other factors that weighed in the rankings are growth in employee numbers, how long companies have been in business, operating margins, capital raised, product ideas, and management.

Here’s a rundown, from the magazine, on both companies.

WeddingWire

No. 60

Location: Chevy Chase
Industry: Services
2014 Revenue: $49 million
Number of employee: 350
Big VC investors: Martha Stewart Living, Spectrum Equity

WeddingWire, headquartered in Chevy Chase, is an online marketplace connecting couples with what they need for their big day — everything from venues and photographers to caterers and entertainers. CEO Timothy Chi, who previously cofounded Blackboard, started WeddingWire after planning his own wedding in 2007.

Virtustream

No. 62

Location: Bethesda
Industry: IT Software & Services
2014 Revenue: $75 million
Number of employees: 300

Virtustream writes and distributes software that enables service providers to set up an enterprise-class cloud infrastructure. It lets enterprises set up their own private cloud infrastructure as a service offering. Rodney Rodgers, formerly the co-founder, Chairman and CEO of Adjoined Consulting, is the CEO of Virtustream.

»Screenshot from Forbes