Inc. magazine today revealed that phData is No. 86 on its 2021 Inc. 5000 Regionals: Midwest list, the most prestigious ranking of the fastest-growing private companies in Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Midwest economy’s most dynamic segment—its independent small businesses.
“Our success is largely driven by three things: our approach of using both software and automation to deliver our services, hiring exceptionally talented and curious people, and a relentless commitment to customer success,” said phData Chief Executive Officer, Ryan Bosshart. “We’re extremely proud of what we’ve built over the last few years and thrilled to be honored on the Inc. 5000 list as a result. We’re excited to continue growing and building our business the right way, by focusing on our technology, our employees, and our customers.”
The companies on this list show stunning rates of growth across all industries in the 12 Midwest states. Between 2017 and 2019, these 250 private companies had an average growth rate of 199 percent and, in 2019 alone, they employed more than 43,000 people and added more than $11 billion to the Midwest economy. Companies based in the Chicago, Detroit, and Cincinnati areas brought in the highest revenue overall.
“This list proves the power of companies in Midwest states no matter the industry,” says Inc. editor-in-chief Scott Omelianuk. “The impressive revenues and growth rates prove the insight and diligence of CEOs and that these businesses are here to stay.”
More about the Inc. 5000 Regionals
Complete results of the Inc. 5000 Regionals: Midwest, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, were officially published on March 16, 2021.
The 2021 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2017 and 2019. 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, 2019. (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 2019 is $1 million.