7Summits Named to the Inc. 5000 for the Fifth Time in 2020
Inc. magazine today revealed that 7Summits once again made the annual Inc. 5000 list in 2020, the most prestigious ranking of the nation’s fastest-growing private companies. It’s the second straight year that 7Summits’ three-year growth has earned a spot on the Inc. 5000, and the fifth time overall in the company’s 11-year history.
7Summits came in at #2,182 on the 2020 Inc. 5000 with a growth rate of 193%. That position is more than twice as good as in 2019, when the company ranked #4,806. 7Summits also earned a spot on the Inc. 5000 in 2014, 2015 and 2016, with growth rates that placed 639, 1287 and 2875, respectively. Additionally, the 2020 growth rate makes 7Summits the 21st fastest-growing company in Wisconsin.
“7Summits is thrilled to celebrate making the Inc. 5000 for the fifth time!” said CEO and Founder Paul Stillmank. “The climb only gets steeper from here as we continue to build a bigger business. We look forward to staying on the cutting edge of experience-centered digital solutions as a way of maintaining our rapid and profitable ascent.”
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 annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.
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 were also featured in the September issue of Inc.
7Summits is a Milwaukee-based digital solutions provider that uses the power of connected experiences and the Salesforce platform to unlock business value. Our clients benefit from the fact that community-led solutions empower customers, enable partners and unleash employees to build your business for you. Our highly collaborative approach strengthens client solutions by combining the expertise of strategic consultants, experience designers, technical developers and success specialists. And, our client solutions launch faster thanks to our Accelerator Library of configurable Salesforce Lightning applications. 7Summits is a platinum-level Salesforce Consulting Partner, a two-time recipient of Salesforce Venture funding, and recognized annually for its rapid growth and as a best place to work. For more information, visit www.7SummitsInc.com.
More about Inc. and the Inc. 5000
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. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
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 that helps 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/.