Rapid Expansion Achieved: Hubstaff Included in the 2018 Inc. 5000 List of Fastest-Growing Companies
Hubstaff, a software company based in Indianapolis, has been honoured as one of the fastest-growing private companies in the U.S., according to the Inc. 5000 list. The recognition underscores Hubstaff's commitment to helping businesses work better through its productivity tools.
At a video conference called to announce this achievement, Hubstaff's co-founder and CTO, Jared Brown, stated that the company's growth is rooted in helping its customers grow. By streamlining various tasks with its productivity tools, business owners can focus on what truly matters.
The Inc. 5000 list ranks companies according to their percentage revenue growth from 2014 to 2017. To qualify, companies must have been founded and generating revenue by March 31, 2013, be U.S.-based, privately held, for profit, and independent. The minimum revenue required for 2013 is $100,000; the minimum for 2016 is $2 million.
Hubstaff, which serves over 19,000 teams worldwide, made its debut on the list at #1,486. The company achieved an impressive 316% sales growth over the past three years to earn this recognition.
Being on the Inc. 5000 list signifies that a company is one of the fastest-growing private companies in the U.S., demonstrating exceptional revenue growth over a recent three-year period. This recognition highlights the company's financial health, innovative strategies, strong management, and resilience in navigating economic challenges while scaling effectively.
Companies on the Inc. 5000 list often show rapid revenue growth amid economic uncertainty, inflationary pressures, and labor market fluctuations. They reflect entrepreneurial success and have typically grown from a startup to a nationally recognized business within a few years, building significant operational stability and client trust.
Gaining inclusion on the Inc. 5000 list offers enhanced credibility and visibility in their industries, attracting investors, partners, and customers. It also provides networking opportunities and public recognition via Inc. magazine and related Inc. 5000 events, offering marketing and PR advantages.
Notable companies like Microsoft, Dell, LinkedIn, and Zillow gained their first national exposure as honorees of the Inc. 5000. For companies like Hubstaff, inclusion on the Inc. 5000 list is an important indicator of business vitality, a marker of sustainable growth, and an endorsement that can open doors for further success and expansion.
Hubstaff's remote team, consisting of 40 members in over 11 different time zones, attended the conference to celebrate this milestone. As a token of appreciation, Hubstaff is offering a free 14-day trial of its productivity tools, which include features for time tracking, talent management, project management, and more.
Hubstaff's CEO and co-founder, Dave Nevogt, expressed his pride in the company's achievement, stating that the recognition is a testament to the power of productivity and the hard work of the remote team. He is proud that the company is named a fast-growing company due to its contribution in helping businesses fight inefficiency and work better.
[1] Inc.com, "The Inc. 5000 List: America's Fastest-Growing Private Companies," [Accessed 15th April 2021]. [2] Inc.com, "Inc. 5000: The Methodology," [Accessed 15th April 2021]. [3] Inc.com, "Why the Inc. 5000 Matters," [Accessed 15th April 2021].
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