Tech9 Ranks 908 on the 2020 Inc. 5000 With Three-Year Revenue Growth of 513%
NEW YORK, August 12, 2020 – Inc. magazine today revealed that Tech9 is No. 908 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 the entire Tech9 team that made this possible,” says Nick Stice, the CEO of Tech9. “We, as a team, have devoted ourselves to building high quality software while making it an enjoyable experience for our clients. We are honored and proud of this achievement, but even more grateful and happy about the team we are building and the clients we are helping.”
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.
In Utah, Tech9 ranked as the 24th fastest-growing company. 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 www.inc.com/inc5000.
“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.
More about Tech9 and the Inc. 5000
Since 2015, Tech9 has provided quality custom software development solutions to a variety of businesses, including Harmons Grocery, Pattern, Young Living, and Vivint Solar. Founded by software development veterans who were tired of seeing failed and mediocre software projects, Tech9 approaches every customer experience with the philosophy to “Tech Happily.” Tech9’s revenue has increased at least 80 percent year-over-year since its inception. To learn more, visit www.tech9.com.
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.