With Three-Year Revenue Growth of 141 Percent, Aretec, Inc. Receives Ranking No. 3634 Among America's Fastest-Growing Private Companies
NEW YORK, Aug. 17, 2022 /PRNewswire-PRWeb/ -- Inc. revealed that Aretec, Inc. is No. 3436 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
In response to the rankings announcement Aretec CEO Anthony Rivera stated, "Placement on this list is an honor. As the founders of Aretec, Roby Luna and I created a strategic plan to become a recognized name in the Data Science, Software Dev, and AI & ML space. This award ratifies our place in that industry. Our commitment to our path and to our current & future clients has never been stronger. Even so, we will continue to strive to provide exceptional solutions and services in alignment with our ever-shifting market and its dynamics. Many thanks to Team Aretec for our hard-won efforts, and a well-deserved congratulations to our fellow awardees on this outstanding achievement. Inc., thank you for this recognition."
The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 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 featured in the September issue of Inc. magazine, which will be available on August 23.
"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, editor-in-chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."
Aretec President, Roby Luna added, "For years we've been disciplined in our strategy for growth and now seeing our efforts come to fruition is very exciting. We look forward to continuing down this path and can't wait to see what the future holds."
Speaking further to the significance of this award, Aretec, Inc. commented, "As a company as a whole, we attribute our recent exponential growth to the strength of the team we've created and our intrinsic ability to align ourselves to our clients' missions. Having worked on both federal and commercial contracts in the IT/ Data Science sector, we've developed an efficient, client-focused project process with a proven success record. Having our efforts validated by an Inc. 5000 ranking is an incredible milestone for us and has added fuel to the fire that keep us moving towards bigger and better things. As with most companies, we are continually looking to improve, and for us that means surpassing current performance levels by investing in improved processes and technology for use by our top-tier data scientists, data engineers, AI/ML engineers, strategically partnering with industry other industry-leaders, and challenging ourselves in new markets and with more complex programs. Being an honoree on this list will certainly help us attract the opportunities that will enable our future growth."
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More about Inc. and the Inc. 5000
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 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 four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine's September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.
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 & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com.
For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/.
Katherine Rule, Aretec, Inc., 1 775-287-8201, [email protected]
SOURCE Aretec, Inc.