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Liquid Web has announced it has been named in the Inc. 5000 list of the fastest growing companies in the United States for the 12th time.
The Inc. 5000 list is released each year to honor the most successful privately-held companies in the United States – Those that have recorded consistent high growth over the previous three years.
To be considered for inclusion in the list, for-profit companies must be privately held and not a subsidiary or division of another company up until December 2018. Each company is assessed and ranked on percentage revenue growth from 2015 to 2018. Each company must have generated a minimum revenue of $100,000 in 2015 and a minimum revenue of $2 million in 2018. Other factors taken into consideration are the number of employees, location, and industry sector.
Many companies apply for inclusion in the list but fail to rank in the top 5000. A large percentage of the tens of thousands of applicants fail to achieve consistent high growth and are only included once, if they make the grade at all. Many are included in the list just once as they are subsequently acquired by other companies and are no longer eligible for inclusion.
This 12th inclusion in the list sees Liquid Web join an elite group of just 33 companies who have achieved a dozen placements in the list.
This year, the Lansing, MI-based company secured position #4,596 having achieved revenue of $113.4 million with 63% growth.
“Achieving this honor for the 12th time further validates our strategy to make technology more accessible and valuable for SMB entrepreneurs and the agencies, designers, and developers who create for them,” said Liquid Web CEO, Jim Geiger. “Our growth is fueled by our vision to be the world’s most loved hosting provider and our 2019 Net Promoter Score of 69 validates that our more than 30,000 customers rely on Liquid Web as their trusted technology partner.”