Stoneridge Software Earns 4th Appearance on the Inc. 5000

By Leah Baker | August 13, 2020

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Ranking No. 2,806 With Three-Year Revenue Growth of 142.36 Percent

Inc. magazine has ranked Stoneridge Software 2,806 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 fourth appearance on the list.

“Our focus is always on ensuring our clients achieve their business goals with a straightforward, yet strategic approach. The growth we’ve been able to realize is a tribute to the skills and tenacity of our team and a client-centric mindset,” says CEO Eric Newell. “Our culture of continuous improvement has pushed us to strive for streamlining software implementations and sharing that knowledge with our entire client community and beyond so that everyone can realize success.”

Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2020 Inc. 5000 achieved an astounding three-year average growth of 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million 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 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”

Stoneridge Software ranked 2,810 with a growth rate of 137 percent in 2019, 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

The motivation 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 seven years in business, Stoneridge Software serves more than 500 clients.

Stoneridge Software has more than 200 employees with offices in Barnesville, MN, Fargo, ND and Minneapolis, MN and a remote workforce across the United States. Stoneridge specializes in business technology consulting with a focus on Microsoft Dynamics and Power Platform solutions.

More about Inc. and the Inc. 5000

The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. 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 2016 is $100,000; the minimum for 2019 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.

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