Torchlite Hits Revenue Milestone

Posted: Updated:
INDIANAPOLIS -

After less than a year in business, Indianapolis-based Torchlite has hit another milestone. The digital marketing firm, which recently announced an expansion involving up to 140 jobs, is reporting $2 million in annual recurring revenue.

The announcement comes as Torchlite launches an upgrade to its digital marketing platform, which it says will improve communication between businesses and outside talent. The upgrade gives customers real-time notifications regarding the status of their marketing campaigns.

Torchlite recently expanded its freelance network to more than 500 digital marketing specialists who go through a vetting process before being able to showcase their skills.

"A lot of young companies look to establish proof-of-concept through beta tests with their customers, but we turned the microscope on ourselves," said Shawn Herring, co-founder of Torchlite. "We assembled a team of Torchliters who had the skills we needed and they’ve been the primary engine driving our growth since day one."

The announcement is the latest example of the company's growth since launching in November. More than a month after starting up, Torchlite had already announced it had reached $1 million in annual recurring revenue.

  • Perspectives

    • The Importance of Strategic Planning

      How many years have you put work-life balance on your list of New Year's resolutions? Every day, I see so many business owners struggle with the same issues: working 60+ hours each week, not being able to remember the last time they had a vacation, and simply feeling like it's up to them to do it all in their business. After working with countless business owners to identify and overcome their challenges, I've realized the most common root cause is a lack of strategic planning.

    More

Events



  • Most Popular Stories

    • Electric Works Lands State Incentives

      The first phase of a major redevelopment project in downtown Fort Wayne will receive state assistance. The Indiana Economic Development Corp. has awarded a conditional tax credit for Electric Works, a mixed-use innovation district located at the former GE campus. The incentive is part of the IEDC's Industrial Recovery Tax Credit program, used to boost investment in the redevelopment of former industrial facilities. Developers are projecting an initial investment of more than...

    • Nestl√© Planning $80M Anderson Expansion

      Nestlé USA has unveiled plans to invest nearly $80 million into its Anderson operations. Our partners at The Herald Bulletin report the company will purchase new equipment for the facility and add 30 jobs.

    • Well-Known Real Estate Firm Expanding to Fort Wayne

      Texas-based Keller Williams Realty Inc. has announced plans to open its first office in downtown Fort Wayne. Financial details of the real estate company's investment in the location were not immediately disclosed, however the expansion will bring at least 35 jobs to the Allen County city.

    • Purdue's Garimella Elected Fellow of National Academy of Inventor

      Suresh Garimella has been elected a fellow of the National Academy of Inventors. He is Purdue University's executive vice president for research and partnerships and the R. Eugene & Susie E. Goodson Distinguished Professor of Mechanical Engineering. Fellows of the NAI are inventors, nominated by their peers, for outstanding contributions in patents, licensing, noteworthy discovery, significant effect on society and support and enhancement of innovation.

    • Construction to Begin on $15M Fieldhouse

      City and development officials will break ground Friday on a $15 million sports complex in Noblesville. Finch Creek Park Fieldhouse will include five courts with hard surfaces, two turf-surfaced fields and 11 batting and pitching cages. The project, which was first unveiled a year ago, is a public-private partnership between Klipsch-Card Athletic Facilities LLC and the city. The company is also owner/operator of the fieldhouse at Grand Park in Westfield.