Inc. magazine released its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies.
We are pleased to announce that Airship, a custom software development agency headquartered in Birmingham, Ala., has ranked number 1,732 on the Inc. 5000 list with a three-year growth of 247%. It is the company's first time to rank on the list and first year to meet eligibility requirements.
In Alabama, 73 companies total are included in the Inc. 5000 list, with 24 of those companies located in the Birmingham Metro area. Click here to view the full list of 2020 honorees.
Airship CEO and Co-founder, Trent Kocurek, shared his excitement about making the list and being the only software company in Alabama to rank:
"We started Airship with a purpose: Make an impact through custom software solutions, create an environment where people feel empowered to grow and help others, and deliver an unrivaled experience in our pursuit for excellence. That's the core behind our mission statement, our hiring decisions, and what drives us each day.Trent Kocurek, Airship CEO and Co-founder
I couldn't be more proud of our team for focusing on the core mission which led to this growth. This is another first down on an infinite field and I'm excited to celebrate our team today."
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.
Methodology of Inc. 5000 List
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.