Stoneridge Achieves Rare Milestone with Eighth Consecutive Year on Inc. 5000 List
Stoneridge Software has ranked on the Inc. 5000 list of the fastest-growing companies for eight consecutive years.
Tens of thousands of companies apply to the Inc. 500 list each year, and Stoneridge is a part of a small group of businesses ranked on the list for eight straight years.
For 2024, Stoneridge ranked 4,262 and saw a 102% three-year growth.
"Inc. 5000 recognizing us as one of the fastest growing companies again really is an amazing honor and a testament to the hard work of our team," Stoneridge CEO Eric Newell said. "We've seen consistent growth every year since we started in 2012 and our team members are always learning and adapting and ensuring they can deliver the highest quality service to our clients. At the end of the day that's the most important thing to us as an organization."
How Inc. 5000 Chooses Its List
Inc. Business Media says the companies on this year's list are ranked according to percentage revenue growth from 2020-2023. To qualify, businesses had to be founded and generate revenue by March 31, 2020, U.S.-based, privately held, and independent. The minimum revenue required for 2020 is $100,000 and the minimum for 2023 is $2 million.
The Inc. 5000 list honors companies that have driven rapid revenue growth while navigating inflationary pressure, the rising cost of capital, and seemingly intractable hiring challenges. In all, this year's Inc. 5000 companies have added nearly 875,000 jobs over the past three years.
“One of the greatest joys of my job is going through the Inc. 5000 list,” says Mike Hofman, who recently joined Inc. as editor-in-chief. “To see all of the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year’s honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce.”
In the past, Stoneridge Software has ranked:
- 1,150 in 2017 with a growth of 365 percent
- 3,661 in 2018 with a 101 percent growth
- 2,810 in 2019 with a growth rate of 137 percent
- 2,806 in 2020 with a growth of 142 percent
- 2,823 in 2021 with a growth of 141 percent
- 4,449 in 2022 with a 100 percent growth rate
- 4,466 in 2023 with a 95 percent growth rate
You can click here to view Stoneridge's profile on the Inc. 5000 website. You can visit inc.com/inc5000 for a full list of winners.
About Stoneridge Software
Stoneridge Software strives to provide the highest customer experience to clients. When you work with us, you can expect a close partnership implementing and supporting your software solutions so you get the best return on investment. We help you address and solve complicated issues and can help you take advantage of the latest features and functionalities to ensure your business processes run as smoothly as possible. We serve nearly 1,000 clients and place a heavy emphasis on creating a great internal work culture by staying true to our five core values:
- Tenacity
- Client-centric
- Integrity
- Enjoy our work
- Technical excellence
Stoneridge has offices in Barnesville, MN, Fargo, ND, Minneapolis, MN, Winnipeg, MB, and a remote workforce across the U.S. and Canada with more than 350 team members. Stoneridge specializes in business technology consulting focused on implementing and supporting Microsoft Dynamics 365, Microsoft 365, Azure, Copilot, and Power Platform.
More about Inc. and the Inc. 5000
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work achieves a monthly brand footprint of more than 40 million across various channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced yearly since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, allows the founders of top businesses to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.
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