For the 5th Time Stoneridge Software Earns Appearance on the Inc. 5000
Ranking No. 2,823 With Three-Year Revenue Growth of 141 Percent
Inc. magazine has ranked Stoneridge Software 2,823 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.
“It's a huge accomplishment to have this level of continued growth over the course of the company. Our focus is always on ensuring our clients achieve their business goals through thoughtful leadership and access to knowledge and training. The growth we've been able to realize is a tribute to the skills and tenacity of our team and a client-centric focus,” 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 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 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 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
Stoneridge Software ranked 2,8080 in 2020, 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 eight years in business, Stoneridge Software serves more than 600 clients.
Stoneridge Software has more than 220 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 2021 Inc. 5000 is ranked according to percentage revenue growth when comparing 2017 and 2020. 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 2020 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.