ORLANDO, FLA. (PRWEB) AUGUST 14, 2020
PowerDMS, the leader in cloud-based secure crucial information management technology, was named to the annual Inc. 5000 list of the nation’s fastest growing private companies for the tenth consecutive year.
The Inc. 5000 list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. 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.
“I’m incredibly proud of our team and their continued dedication to building an exceptional product that has the capacity to transform the way organizations work,” said David DiGiacomo, CEO, PowerDMS. “Being named to the Inc. 5000 list year after year is humbling, and a testament to everyone’s continued commitment to each other and to our customers.”
PowerDMS has 114 employees, has seen a 72 percent increase in customer growth and a 62 percent increase in monthly active users over the past three years and is on track for continued growth this year. This success can be attributed to a continued commitment to innovation and delivering value customers need.
PowerDMS’s cloud-based compliance and document management solution helps organizations reduce risk and liability by providing the ability to organize and manage all of a company’s critical documents and respective industry accreditation standards, as well as allow for training and testing of employees. Most of the company’s 3,700 customer organizations represent high-risk, high-litigation industries, including public safety, government and healthcare.
PowerDMS is also proud to be named one of Inc.’s Best Workplaces 2020.
Founded in 2001, PowerDMS offers a secure cloud-based policy, compliance, accreditation management solution that helps organizations with transparency, accountability, risk and liability reduction, increases organizational efficiency, and helps save lives. The company provides secure CJIS compliant software tools to organize and manage an organization’s critical documents and industry accreditation standards and allows for training and testing of employees. PowerDMS serves customers in the private sector, public safety, government, and healthcare and has achieved significant organic growth in these markets.
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 http://www.inc.com.
For more information on the Inc. 5000 Conference, visit http://conference.inc.com/.