NEW PORT RICHEY, Fla., Aug. 12, 2020 /PRNewswire-PRWeb/ -- Inc. Magazine today revealed that Learn on Demand Systems is included 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.
"We are thrilled to be part of the Inc. 5000 list for the second year in a row and even more so that we moved up substantially," said Corey Hynes, CEO of Learn on Demand Systems. "Our team lives and breathes a mission of empowering challenge-centric learning and skills validation. Receiving recognition like this validates that we are on the right path to empower our customers' success."
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 more than 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 companies on this year's Inc. 5000 come from nearly every realm of business," said Scott Omelianuk, Editor-in-Chief of Inc. Magazine. "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.
Would you like to know more about how we can impact your organization's success? Contact us at [email protected] to get started.
More about Inc. and the Inc. 5000
Methodology
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.
About Learn on Demand Systems
Learn on Demand Systems, an Inc. 5000 company, empowers organizations to accelerate technology learning through hands-on experience and skills validation. Its platforms enable organizations of all sizes, including industry leaders Microsoft, AWS, Global Knowledge, New Horizons, and Pearson VUE, to deliver hands-on challenge-based learning, learning management, performance-based testing and badging solutions to customers, partners and staff. Learn on Demand Systems' innovative challenge labs are paving the way for the broad adoption of performance-based testing across the IT training and certification industry. To learn more, visit learnondemandsystems.com or follow Learn on Demand Systems on Twitter at @LodSystems.
SOURCE Learn on Demand Systems
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