SAN JUAN, Puerto Rico — Aug 12, 2020, Wovenware, a nearshore provider of AI and digital transformation services and solutions, today announced that for a fifth year, it has been named to the Inc. 5000, an annual list of America’s fastest-growing private companies, published by Inc. Magazine. 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.
“We’re honored to once again be included in the Inc. 5000 list of successful companies,” said Christian Gonzalez, CEO and co-founder, Wovenware. “As we continue to grow our offerings and customer base, this ranking not only recognizes our hard work and dedication, but it reinforces the growing demand for AI and other digitally transformative solutions that are solving very real business needs.”
Not only have the companies listed 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 a 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 one million jobs over the past three years.
Wovenware was ranked number 3,335 on this year’s list. 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.”
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, 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.