DULUTH, Ga., Aug. 19, 2020 /PRNewswire-PRWeb/ -- Inc. magazine revealed that GoProcure is No. 890 on its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies. 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.
"It's a privilege for GoProcure be recognized by Inc. 5000 in the footsteps of its parent company Metasys Technologies, Inc. (a 6-time Inc 5000 Honoree). GoProcure's success is due to the relentless pursuit of procurement and FinTech innovation to deliver business value, and represents the commitment of our team, appreciation of our customers and the confidence of our supplier ecosystem. We have seen significant reception from the market in a short period of time as companies strive to gain control and compliance over their disorganized purchasing activity," says Sandeep Gauba, CEO of GoProcure.
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 from August 12.
"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 GoProcure
GoProcure is a procurement solutions company providing a B2B e-commerce platform that brings together an ecosystem of suppliers, retailers, wholesalers, financial institutions and shippers to provide a frictionless buying experience to any enterprise with full competition, compliance and control. It eliminates fraud and uses artificial intelligence and machine learning to turn disorganized purchasing activity into business insights.
GoProcure has a strong mission of diversity at its core. The company is an award-winning certified Minority Business Enterprise (MBE) and is committed to the success of small business development. GoProcure partners with a wide range of highly capable and qualified diverse suppliers — including minority-owned, woman-owned, and veteran-owned business enterprises to improve the relevance and sustainability of diversity and inclusion initiatives. For more information, visit http://www.goprocure.com and follow us on LinkedIn, Twitter and Facebook.
SOURCE GoProcure
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