RICHMOND, Va., Aug. 18, 2020 /PRNewswire-PRWeb/ -- Inc. magazine today revealed that SHOCKOE is No. 3771 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. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
"2019 was another year for growth at SHOCKOE. Given what we have all experienced this year, we are incredibly thankful to have a team, leadership, and client base that is committed to the same goals of building better mobile solutions. Here at SHOCKOE, we're constantly pushing ourselves to learn and grow, engineer adventures and find ways technology can make lives better."
-- Edwin Huertas, CEO
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.
"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."
The team here at SHOCKOE is honored and humbled by this recognition. Today, we celebrate our growth, innovation, and above all, teamwork. Our extraordinary team of designers, developers, strategists and the support teams behind them are what makes SHOCKOE, well SHOCKOE.
To our clients who make our jobs so much fun and our employees who make it all happen, thank you. We're excited to continue learning, growing and pioneering the mobile technology space.
SOURCE Shockoe
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