Colaberry Honored in Inc. Magazine's Annual List of America's Fastest-Growing Private Companies--the Inc. 5000
1,541 on its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies.
BOSTON, Sept. 1, 2020 /PRNewswire/ -- Colaberry is proud to announce that Inc. magazine ranked them No. 1,541 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. Many household names gained their first national exposure as honorees on the Inc. 5000, and Colaberry is excited to be among these future household names.
"We are honored and humbled by this acknowledgement and want to thank our clients, employees and business partners for their role in helping us achieve this recognition," said Ram Katamaraja, CEO. "The Colaberry team innovates continuously to unlock the power of data science and artificial intelligence for the betterment of humanity. Our mission is to empower all individuals and companies to not only succeed but to thrive in a data-driven world. Being recognized on this list is another important step forward in transforming lives."
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 as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 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 top 500 companies are also being featured in the September issue of Inc., available on newsstands August 18.
"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."
About Colaberry
Colaberry provides in-demand tech and human skills training, provides experts to businesses in need of data science analytics talent, and advises companies on data projects. The company provides end-to-end solutions to develop today's workforce for success in tomorrow's workplace and to transform organizations into agile, AI-powered industry leaders.
More about Inc. and the Inc. 5000
Methodology
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 US-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 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.
About Inc. Media
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility to help them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
For more information on the Inc. 5000 Conference, visit http://conference.inc.com/.
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SOURCE Colaberry
