NEW YORK (PRWEB) August 20, 2020
Inc. magazine today revealed that Rapidops is No. 1560 on its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies in the US. With a 279% growth rate, this is the second consecutive year that Rapidops has made the Inc. 5000 list.
"While we're delighted to be one of the fastest-growing companies in the US, we're even more excited that we've been able to deliver the exceptional results for our customers consistently," said Rapidops Co-founder and CEO, Samir Motwani.
"As a next-gen software company, we help businesses launch outstanding digital products and experiences that fuel their growth. Our advanced technology, analytics, and innovation expertise enable us to constantly deliver on mission-critical initiatives and opportunities for our customers, even during the uncertain times. We fundamentally believe that our tremendous growth is a side effect of our customers' trust in us and our happy, innovative, and committed team worldwide."
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.
"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.
Rapidops is a leading digital transformation and innovation company that helps Fortune 500 companies and innovative startups to monetize their digital opportunities and transform their business. With 200+ products launched, Rapidops specializes in building high-quality, scalable, and re-usable "digital assets" for its customers using the most advanced technology, design, and analytics. Founded in 2008, Rapidops is one of the fastest-growing companies in the USA with offices in Charlotte NC, India, and Canada. Learn more about Rapidops at https://www.rapidops.com/,
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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.
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.