SPRINGFIELD, ILL. (PRWEB) AUGUST 18, 2020
Inc. magazine today revealed that bitsIO is No. 498 on 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 small businesses.
“bitsIO is honored to be recognized among Inc’s prestigious list of fastest growing companies.” said bitsIO’s CEO Kalpana Krishnamurthi. “ It’s our team’s dedication that contributed to our success. Together we adapt, evolve and keep moving forward towards our goals. This announcement also emphasizes the fact that we provide best in-class Splunk Solutions to customers to improve client productivity and data security”
“My Co-founder & CTO, Suman Gajavelly, and I are honored to be part of Splunk for good team in making an impact in the society. bitsIO is aligned with Splunk’s mission to support and amplify the positive social impact efforts of non-profits by providing affordable solutions.”
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.
“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.”
For more than 19 years, bitsIO has provided reliable and cost-effective cybersecurity, IT Operations solutions to improve client productivity and data security. Since 2018, bitsIO, an Elite Partner of Splunk, has been providing Splunk Implementation Services specializing in Splunk Enterprise, Splunk Cloud, Splunk Enterprise Security, ITSI, Phantom, Custom App Development and Use Cases. Its effective but cost-efficient solutions have made bitsIO a trusted name in the United States, United Kingdom, Costa Rica and India. bitsIO is one of the few partners helping Splunk for Good team with product donation. Learn more at https://www.bitsioinc.com/
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/.