Stoneridge Ranked on Inc. 5000 List For Exceptional 7th Consecutive Year
Tens of thousands of companies apply to the Inc. 5000 list of fastest-growing companies each year. Stoneridge Software is part of a small fraction of businesses to not only achieve a ranking on the list but do so seven consecutive times.
Only 1.5 percent of companies named to the Inc. 5000 list have achieved inclusion for a seventh time, as landing on the list becomes more challenging as a company's base revenue increases. The list honors independent small businesses in the U.S. and is compiled based on percentage revenue growth from 2019-2023.
Stoneridge ranked 4,467 in 2023.
"Our inclusion on this list again is a testament to our unwavering commitment to prioritizing clients, encouraging creativity and expertise among our team, and pushing ourselves to be better every day," said Stoneridge CEO Eric Newell. "When you work with Stoneridge you work with a team of experts who are always looking for ways to improve. We don't stand still and always find opportunities to enhance our team member's capabilities through advanced training so we can give our clients the best possible experience."
This year's honorees averaged a 703% revenue growth.
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
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
About Stoneridge Software
Stoneridge's vision started and remains to create an organization that would provide the highest customer experience to clients. As your strategic business partner, our goal is to successfully deliver software implementation projects and help you get the best return on your investment. We can address and solve complex issues and provide you with constant and steadfast support after you go live with your software solution. Stoneridge serves nearly 800 clients and places a heavy emphasis on creating a great internal work culture.
We have more than 300 employees with offices in Barnesville, MN, Fargo, ND, Minneapolis, MN, Winnipeg, MB, and a remote workforce across the U.S. and Canada. Stoneridge specializes in business technology consulting with a focus on Microsoft Dynamics and Power Platform solutions.
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 reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media.
Its proprietary Inc. 5000 list, produced every year since 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, gives the founders of top businesses the opportunity 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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