LEHI, Utah, March 24, 2022 (Newswire.com) - Inc. magazine revealed that Xevant is No. 42 on its third annual Inc. 5000 Regionals Rocky Mountain list, the most prestigious ranking of the fastest-growing private companies based in Colorado, Idaho, Montana, Nevada, Utah, and Wyoming. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Rocky Mountain region economy's most dynamic segment—its independent small businesses.
"It's an honor for Xevant to rank among the fastest-growing companies in our region. I'm proud to work with a dedicated team of experts who make this rapid and continued growth possible.
"We've built incredible momentum, with more great growth to come," said Brandon Newman, CEO & Founder of Xevant.
The companies on this list show a remarkable rate of growth across all industries in the Rocky Mountain region. Between 2018 and 2020, these 60 private companies had an average growth rate of 252 percent and, in 2020 alone, they added 4,176 jobs and nearly $1 billion to the Rocky Mountain region's economy.
Complete results of the Inc. 5000 Regionals Rocky Mountain, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/rocky-mountain.
"This year's Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America's off-the-charts growth companies. They're disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you'll be hearing about for years to come," says Scott Omelianuk, editor-in-chief of Inc.
About Xevant: Xevant's revolutionary pharmacy benefits platform infuses real-time automation throughout the data analysis process, accelerating and simplifying the painstaking task of report building for PBMs, TPAs, Health Plans, and Brokers. With Xevant, critical pharmacy analysis that took weeks, months, or more can now be done instantly. The results are optimized business processes, reduced operating costs, and improved patient outcomes. Xevant is the recipient of the Globee Start-Up of the Year Award and is a certified Great Place to Work® company. For more information about how Xevant helps its customers deliver faster, more accurate results, visit www.xevant.com. You can also follow Xevant on LinkedIn.
More about Inc. and the Inc. 5000 Regionals
The 2022 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2018 and 2020. To qualify, companies must have been founded and generating revenue by March 31, 2018. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of Dec. 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2020 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
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.