{"id":1786,"date":"2020-08-12T13:30:30","date_gmt":"2020-08-12T13:30:30","guid":{"rendered":"https:\/\/www.pax8.com\/?post_type=crb_news&#038;p=1786"},"modified":"2025-08-21T16:54:25","modified_gmt":"2025-08-21T16:54:25","slug":"pax8-ranks-no-111-on-the-2020-inc-5000-list-with-three-year-sales-growth-of-3208","status":"publish","type":"crb_news","link":"https:\/\/www.pax8.com\/en-uk\/news-post\/pax8-ranks-no-111-on-the-2020-inc-5000-list-with-three-year-sales-growth-of-3208\/","title":{"rendered":"Pax8 Ranks No. 111 on the 2020 Inc. 5000 List with Three-Year Sales Growth of 3,208%"},"content":{"rendered":"<p><em>Company Appears on the List for the Third Consecutive Year<\/em><\/p>\n<p><strong>DENVER, CO (August 12, 2020)<\/strong> \u2013 <a href=\"https:\/\/www.pax8.com.\">Pax8<\/a>, the best place to buy cloud solutions, today announced that it was recognized by Inc. for ranking number 111 on the 39<sup>th<\/sup> annual Inc. 5000, the most prestigious ranking of the nation\u2019s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy\u2019s most dynamic segment\u2014its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.<\/p>\n<p>Pax8\u2019s Chief Executive Officer John Street has built four companies that have garnered the Inc. 500 status seven times. This is Pax8\u2019s third time appearing on the Inc. 500 list.<\/p>\n<p>\u201cIt is an honor to appear on this prestigious list for three years in a row,\u201d said Street. \u201cThe magic of Pax8 is that we have an extremely strong culture that understands the mission and vision. In addition to empowering our talented team, we will continue to be the innovation leader in the channel industry for all things cloud technology.\u201d<\/p>\n<p>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\u2019s aggregate revenue was $209 billion in 2019, accounting for over one million jobs over the past three years.<\/p>\n<p>\u201cThe companies on this year\u2019s Inc. 5000 come from nearly every realm of business,\u201d says <em>Inc.<\/em> editor-in-chief Scott Omelianuk. \u201cFrom 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.\u201d<\/p>\n<p>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 <a href=\"http:\/\/www.inc.com\/inc5000\">www.inc.com\/inc5000<\/a>. The top 500 companies are also being featured in the September issue of <em>Inc.<\/em>, available on newsstands August 12.<\/p>\n<p>To learn more about Pax8, please contact the cloud solutions advisors at (855) 884-PAX8, email <a href=\"mailto:info@pax8.com\">info@pax8.com<\/a>, or visit\u00a0<a href=\"https:\/\/www.pax8.com\">pax8.com<\/a>.<\/p>\n<p><strong>About Pax8<\/strong><\/p>\n<p><a href=\"https:\/\/www.pax8.com.\">Pax8<\/a> is modernizing how partners buy, sell, and manage cloud. As a born-in-the-cloud company, Pax8 simplifies the buying journey, empowering its partners to achieve more with cloud technology. The company\u2019s technology displaces legacy distribution by connecting the channel ecosystem to its award-winning transactional cloud marketplace. Through billing, provisioning, automation, industry-leading PSA integrations, and pre and post-sales support, and education, Pax8 is a proven disruptor in the market. In 2018, Pax8 was ranked number 68 on the Inc. 5000 and in 2019, the company was ranked number 60. If you want to be successful with cloud, you want to work with Pax8. Get started today at\u00a0<a href=\"https:\/\/www.pax8.com\">pax8.com<\/a>.<\/p>\n<p><strong>Follow Pax8 on <\/strong><a href=\"https:\/\/www.facebook.com\/Pax8Cloud\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/pax8\"><strong>LinkedIn<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/twitter.com\/pax8\"><strong>Twitter<\/strong><\/a><strong>.<\/strong><\/p>\n<p><strong>More about <em>Inc.<\/em> and the Inc. 5000<\/strong><\/p>\n<p><strong>Methodology<\/strong><\/p>\n<p>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\u2014not subsidiaries or divisions of other companies\u2014as 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, <em>Inc.<\/em> reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in <em>Inc.<\/em>\u2019s September issue. They represent the top tier of the Inc. 5000, which can be found at\u00a0<a href=\"http:\/\/www.inc.com\/inc5000\">http:\/\/www.inc.com\/inc5000<\/a>.<\/p>\n<p><strong>About Inc. Media<\/strong><\/p>\n<p>The world\u2019s 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 <a href=\"http:\/\/www.inc.com\/\">www.inc.com<\/a>.<\/p>\n<p>For more information on the Inc. 5000 Conference, visit <a href=\"http:\/\/conference.inc.com\/\">http:\/\/conference.inc.com\/<\/a>.<\/p>\n<p style=\"text-align: center;\"><strong>###<\/strong><\/p>\n<p><strong><u>Media Contact<\/u><\/strong><\/p>\n<p>Amanda Lee,\u00a0VP of Corporate Communications at Pax8, <a href=\"mailto:alee@pax8.com\">alee@pax8.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>DENVER, CO (August 12, 2020) \u2013 Pax8 announced that it was recognized by Inc. for ranking number 111 on the 39th annual Inc. 5000, the most prestigious ranking of the nation\u2019s fastest-growing private companies.<\/p>\n","protected":false},"featured_media":1787,"menu_order":0,"template":"","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center 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