SAN FRANCISCO, Aug. 12, 2020 /PRNewswire-PRWeb/ -- Groove, the only sales engagement platform built for true relationship-based sales, today announced that it has ranked 740 on Inc. Magazine's annual Inc. 5000 list of the fastest-growing privately held companies in the United States. Groove's three-year revenue growth of 640% put it in the top 15% of ranked companies, which had an average growth rate above 500% and median growth rate of 165%. This is the second year in a row that Groove has ranked on Inc.'s list of the nation's most successful private companies.
Groove's high ranking was fueled by strong demand for the emerging category of sales engagement platforms, a category that TOPO research predicts will become a multi-billion-dollar market. Sales engagement platforms provide sellers with the tools they need to build stronger relationships while automating mundane tasks like data entry so that reps can spend more time selling.
Groove also provides managers with real-time visibility into activity levels and performance, regardless of where the sales rep or team is located. Demand for the platform has accelerated post COVID-19 with companies needing to empower, collaborate with, and manage remote salesforces.
"Since the beginning, Groove has been focused on helping revenue teams be more productive, collaborative, and successful," said Chris Rothstein. "Today we have over 50,000 users across 56 countries worldwide, and I am extremely proud of the team that has brought us this far. A recent survey by Gartner Research found that 74% of CFO's intend to shift some employees to remote work permanently, and we expect to continue to scale as we support the digital transformation of their salesforces."
"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."
INDUSTRY RECOGNITION
In addition to being named to the 2020 Inc. 5000 list, Groove has received a number of recent industry awards and accolades.
June 2020 - G2 Summer 2020 Sales Engagement Software Grid Report - Highest-Rated Platform
June 2020 - Crozdesk's Happiest Users 2020 - #1 in High User Satisfaction
May 2020 - Inc. Magazine Best Workplaces 2020
March 2020 - G2 Ranks Groove #1 Sales Engagement Platform in Customer Satisfaction for Two Straight Years
March 2020 - Crozdesk's Sales Management Software Awards 2020 - #1 of TOP20 Software Products of 2020
To learn why revenue teams at more than 500 industry-leading companies rely on Groove, visit our website or request a demo.
ABOUT THE INC. 5000 LIST
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. The 2020 Inc. 5000 achieved a three-year average growth rate of over 500%, and a median rate of 165%. The Inc. 5000's aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.
ABOUT GROOVE
Groove is the only sales engagement platform built for true relationship-based sales, specializing in ease-of-use, ease-of-administration, and cross-team collaboration. Groove automates non-sales activities so that reps can spend more time building relationships and generating revenue. On average, Groove gives revenue teams 20% of their time back to focus on higher-value activities. Groove also has the industry's only native Salesforce integration, which ensures more accurate reporting and forecasting, lower compliance risk with global privacy laws, and streamlined administration.
Over 50,000 account executive, sales development, and customer success representatives use Groove at some of the world's largest and fastest-growing companies, including Google, Uber, BBVA, and Capital One. Groove has earned the highest customer satisfaction rating on G2 in the sales engagement category for over two years in a row.
Groove was named one of Inc. Magazine's Best Workplaces 2020 and is one of the 2020 Inc. 5000 fastest-growing privately held companies in the U.S. Groove also ranks #14 on the San Francisco Business Times' "fastest-growing private companies in the Bay Area in 2019." Founded in 2014, Groove is headquartered in San Francisco with offices in San Diego and Seattle. To learn more, visit groove.co.
SOURCE Groove
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