Consero Ranks No. 2899 on Inc. Magazine's List of the 5000 Fastest-Growing Private Companies in America
Finance as a Service continues to gain momentum with middle-market high-growth companies
AUSTIN, Texas, August 19, 2021 (Newswire.com) - Inc. magazine revealed that Consero is No. 2,899 on the annual Inc. 5000 list, the most prestigious ranking of America'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 growing businesses. Companies as diverse and iconic as Zappos, Microsoft, and Patagonia gained their first national exposure as honorees on the Inc. 5000.
"We're honored at our ranking on this list," says Scott Tynes, Consero's CEO. "We feel this is further validation that our 'Finance as a Service' (FaaS) model is delivering the right rigor and value our clients need."
"Consero was founded to serve middle-market high-growth companies, with an outsourced, enterprise-level finance and accounting function, so they won't have to build and maintain one in-house," says Bill Klein, President of Consero. "We're on this list because we've done that, and because our services and integrated software solutions are helping high-growth companies to deliver more insight and control from their financial operations."
This year's ranking represents a massive leap from Consero's previous ranking on the list, which was No. 4221 in 2016. "In many ways, our success story is linked to the other high-growth stories on this list, including several Consero clients. We're building a solution for the kind of companies that are thriving in the most dynamic sector of the American economy today," says Tynes.
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but the list, as a whole, shows staggering growth compared with prior lists as well. The 2021 Inc. 5000 achieved an incredible three-year average growth of over 500%, and a median rate of 167%. The Inc. 5000's aggregate revenue was $248 billion in 2020, accounting for over 2.5 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., available on newsstands August 18.
"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."
About Consero Global
Founded in 2006—by Scott Tynes, Bill Klein, and Kiran Jagannath—Consero disrupts the way businesses build and maintain their finance and accounting function. Through a cloud-based platform, Consero delivers the financial clarity and efficiency needed to drive a business forward. Strategic CEOs and CFOs are adopting Consero's cutting-edge Finance as a Service model to free up time and understand how the business is performing. Serving more than 170 clients and their portfolio companies, Consero, backed by BV Investment Partners provides the control and insight needed to steer businesses toward success. Contact Consero Global for more information about gaining greater control of your financial operations. More info at www.conseroglobal.com.
More about Inc. and the Inc. 5000
Methodology
The 2021 Inc. 5000 is ranked according to percentage revenue growth when comparing 2017 and 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 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.
Contact:
Bridget Howard
Senior Director of Marketing
512-277-4443
bridget@conseroglobal.com
Source: Consero Global LLC