SAN FRANCISCO, Feb. 21, 2020 /PRNewswire-PRWeb/ -- Inc. magazine today announced that Binc is ranked 194 on its inaugural prestigious list of the fastest-growing California-based private companies. This regional list represents a unique look at the most successful companies within the California economy's most dynamic segment—its independent small businesses. In 2019, the successful recruitment process outsourcer was honored by Inc. magazine for being one of the Best Workplaces in the United States.
"We are honored to be recognized by Inc. magazine for our steady growth," remarked Boris Epstein, CEO and founder of Binc. "As I look through this list I would also like to extend my congratulations to familiar faces in the Bay Area, LA, and San Diego who have partnered with Binc to help them recruit talent to scale their businesses at the pace they needed to achieve their vision."
The companies on this list show stunning rates of growth across all industries in California. Between 2016 and 2018, these 250 private companies had an average growth rate of 422 percent and, in 2018 alone, they employed more than 49,000 people and added $5.6 billion to the California economy. Companies based in the largest metro areas brought in the highest revenue overall.
Complete results of the Inc. 5000 Series: California, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/inc5000-series-california-2020.
"The companies on this list demonstrate just how much the small-business sector impacts California's economy," says Inc. editor in chief Scott Omelianuk. "Across every single industry, these businesses have posted revenue and growth rates that are beyond impressive, further proving the tenacity of their founders and CEOs."
Inc. 5000 Regional Series Methodology
The 2020 Inc. 5000 Regional Series is ranked according to percentage revenue growth when comparing 2016 and 2018. 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, 2018. (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 2018 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc. Media
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 is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit http://www.inc.com.
Founded in 2002, Binc provides best-in-class recruiters, sourcers, and recruiting leaders to help the fastest-growing companies in the technology sector hire at the pace they need to achieve their vision. Binc's dedicated flexible recruiting team fully embeds itself into each organization's systems and culture, while leveraging industry-leading tools, technologies, data analytics, and market insights. Binc also partners with its clients' people and talent leaders to build a strong talent infrastructure from top to bottom, evolving recruiting systems, sourcing tools and strategy, compensation bands, closing techniques, candidate experience, interview process, team build-out and more. Binc's guiding philosophy is that everyone deserves to be where they can be their best.
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