As our firm gets bigger, it is more challenging to keep up the growth rates, so making it this year was a huge thrill for us.
BALTIMORE (PRWEB) August 19, 2020
Inc. magazine revealed that AltaVista Strategic Partners has made its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. “I am incredibly proud of our team at AltaVista,” said Ray McLaughlin, managing partner of AltaVista. “For four consecutive years, we have reached the Inc. 5000 list amongst some of the greatest companies in the US.”
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.
“The fact that only 25% of the companies on the list remain on it for four years is a testament to the hard work of our entire team,” McLaughlin stated. “As our firm gets bigger, it is more challenging to keep up the growth rates, so making it this year was a huge thrill for us.”
Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million 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 http://www.inc.com/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 18.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.
About AltaVista Strategic Partners
AltaVista Strategic Partners provides marketing services, including digital and direct marketing, search engine optimization, and social media services for residential and commercial contractors throughout the United States. Their progressive solutions help companies expand sales, increase market penetration, and broaden their customer base.
AltaVista has reached an impressive growth rate of 59.02 percent over the last year. “This is a time of struggle for small businesses and we are fortunate to have great clients, coworkers, and partners who have kept our company growing over the last several years,” McLaughlin said. “While our technology and our data are our competitive edge, it is our people and our culture that afford us this privilege.”
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More about Inc. and the Inc. 5000
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. 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 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. 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.
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