NEW YORK (August 12, 2020) – Inc. magazine today revealed that Rural Sourcing has been named to 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.
“Rural Sourcing’s success stems from our software development model and our people,” said Monty Hamilton, CEO of Rural Sourcing. “We have hired some of the best technology talent in the country, allowing them to work close to home. With a focus on delivering results for clients, we will continue to grow and offer career opportunities in technology for Middle America.”
With a proven, U.S.-based model, Rural Sourcing delivers with speed and efficiency, while delivering the quality and responsiveness that are needed in today’s fast paced digital world. Last year, Bain Capital Double Impact, the impact investing business of Bain Capital, acquired a majority stake in Rural Sourcing allowing the company to further scale its national footprint and digital service offerings while creating high-quality jobs and new technology corridors across the country.
Rural Sourcing ranked as the 2,962nd fastest growing company in the country with an impressive growth rate of 133.18 percent. 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.
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 are also being featured in the September issue of Inc.
“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.
More about Inc. and the Inc. 5000 Methodology
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 https://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.
Sparq is the leading provider of outsourced digital engineering to design, build and deploy digital applications, products and experiences. Sparq’s unique U.S.-led, blended onshore/nearshore delivery model maximizes cost effectiveness, clear communication and the ability to quickly scale. Scrum-as-a-Service®, Sparq’s unique engagement framework for Agile digital product engineering, provides rapid and flexible deployment of multidisciplinary teams via an elastic consumption model and predictable monthly pricing. The company provides world-class solutions for technology-driven and Fortune 1000 clients across various industries including Logistics and Transportation, Healthcare, Financial Services and Insurance, and High-Tech. For more information, please visit www.teamsparq.com.
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