For the Third Time, Stoneridge Software Appears on the Inc. 5000
Ranking No. 2,810 With Three-Year Revenue Growth of 134 Percent
Inc. magazine has ranked Stoneridge Software 2,810 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. This is Stoneridge Software's third appearance on the list. In the history of the Inc. 5000, only one in eight companies has made the list three times.
“It's never been about being the biggest, but the best partner for our clients. Our growth is a testament to our team – when our clients get to work with our consultants, they want more time with them and they tell others about the great work we do, which drives more demand for our services,” says CEO Eric Newell. "Our focus remains on streamlining software implementations through our client-centric process and partnering to achieve business goals."
Not only have the companies on the 2019 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 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 www.inc.com/inc5000.
“The companies on this year’s Inc. 5000 have followed so many different paths to success,” says Inc. editor in chief James Ledbetter. “There’s no single course you can follow or investment you can take that will guarantee this kind of spectacular growth. But what they have in common is persistence and seizing opportunities.”
Stoneridge Software ranked 3,661 in 2018 with a growth rate of 101 percent and 1,150 in 2017 with a growth rate of 365 percent.
About Stoneridge Software
After witnessing many projects that floundered, the impetus to found Stoneridge Software began with the vision of creating an organization that would serve as a strategic business partner, successfully delivering software implementation projects, and in turn helping clients realize a better return on their investment. Stoneridge attributes much of its success to its ability to tackle and deliver complex projects, and a focus on creating a great internal work culture and client self-sufficiency. After just six years in business, Stoneridge Software serves more than 400 clients.
Stoneridge Software has more than 160 employees with offices in Barnesville, MN, Fargo, ND and Minneapolis, MN and specializes in business technology consulting with a focus on Microsoft Dynamics 365, Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, and Microsoft Dynamics CRM.
More about Inc. and the Inc. 5000
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 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.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.