MINNEAPOLIS, August 18, 2021 (Newswire.com) - Inc. magazine today revealed that phData made 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 businesses.
Ranking on this list has always been very competitive but with the unprecedented challenges of 2020, earning a spot has required even more resilience and flexibility than past years.
"Securing a spot on this list in the midst of a global pandemic required grit, dedication, and flexibility from our entire team," said Mike Cleveland, Chief Operating Officer at phData.
Companies on the 2021 Inc. 5000 are ranked according to revenue growth percentage from 2017 to 2020. Now in its sixth year of business, phData has achieved three-year revenue growth of 209 percent and has more than doubled its employee count since 2018. Most recently the company has expanded its service offerings with the launch of a Data Strategy practice. Data Strategy is a fixed-price service that delivers a prescriptive architecture, design, and implementation plan for utilizing data as a strategic organizational asset.
"The success and growth at phData are directly attributed to our talented team's unwavering focus on doing what is right for our customers. As a service company, that will always be our number one priority. We constantly evaluate our portfolio of product offerings to ensure we're providing the services our customers need for long-term success. Our new Data Strategy service was created with that in mind, and we're thrilled by the feedback we've received so far."
This is phData's fourth award with Inc. 5000. phData placed No.1 on the 2020 list of the Midwest's Most Successful Startups, No.86 on the 2021 Midwest's Fastest-Growing Private Companies award, and No. 48 in the 2019 America's Fastest-Growing Private Companies.
"I'm extremely proud of what we've built at phData and all of the credit belongs to our incredible employees across the company. It was inspiring to witness the way our team bonded during the COVID crisis, and the fact that we thrived and grew during that challenging time is very humbling," said Cleveland.
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.
phData is the perfect mix of services and automation to create solid data platforms, outstanding data products, and value-generating machine learning systems. We guide the world's largest brands in cloud data platforms, data engineering, and machine learning solutions.
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About Inc. 5000
Founded in 1979, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today's innovative company builders. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit www.inc.com.