Inc. Magazine Includes Stoneridge Software on 2021 List of Midwest’s Fastest-Growing Companies
With Two-Year Revenue Growth of 90% Percent Stoneridge Software Ranks No. 159 on the list of the Midwest's Fastest-Growing Private Companies on the 2021 Inc. 5000 Series
Inc. magazine has revealed that Stoneridge Software is No. 159 on its 2021 Inc. 5000: Midwest Regionals list, the most prestigious ranking of the fastest-growing private companies in Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Midwest economy’s most dynamic segment—its independent small businesses.
“It’s always great to be recognized, especially among businesses in the Midwest where our offices are located, but that is never the goal. Our goal is to always focus on helping clients win. We do that through intentional leadership, thoughtful teaching and eye-opening possibilities. The world of technology is constantly changing and our tenacious and curious team is always looking to stay ahead of the curve and find ways to bring value to our clients' businesses,” says CEO Eric Newell. “Our success is due to our client-centric approach, cultivating a culture of continuous learning and providing a supportive environment for our team to do the best job possible.”
The companies on this list show stunning rates of growth across all industries in the 12 Midwest states. Between 2017 and 2019, these 250 private companies had an average growth rate of 199 percent and, in 2019 alone, they employed more than 43,000 people and added more than $ 11 billion to the Midwest economy. Companies based in the Chicago, Detroit, and Cincinnati areas brought in the highest revenue overall.
Complete results of the Inc. 5000 Regionals: Midwest, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at https://www.inc.com/inc5000/regionals/midwest
“This list proves the power of companies in Midwest states no matter the industry,” says Inc. editor in chief Scott Omelianuk. The impressive revenues and growth rates prove the insight and diligence of CEOs and that these businesses are here to stay.”
Methodology for the Inc. 5000 Regional Series
The 2021 Inc. 5000 Regional Series is ranked according to percentage revenue growth when comparing 2016 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2017. 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 2017 is $100,000; the minimum for 2019 is $1 million.
About Stoneridge Software
The desire 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 win by working to achieve their business goals and 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 eight years in business, Stoneridge Software serves more than 500 clients.
Stoneridge Software has more than 220 employees with offices in Barnesville, MN, Fargo, ND and Minneapolis, MN and a large remote workforce. Stoneridge specializes in business technology consulting for on Microsoft Dynamics 365, Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, and Microsoft Dynamics CRM and a focus in agriculture, manufacturing, distribution, construction and field service.