NEW YORK, August 12, 2020 – Inc. magazine today revealed that THRIVE Consulting LLC, a team of product innovation experts is No. 3940 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. Since 1982, Inc. magazine has welcomed the fastest-growing private companies in America into this very exclusive club. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
The Team at THRIVE are Product Innovation Experts
THRIVE, a Strategic Innovation and Experience Design firm earns a coveted spot on the Inc. 5000 list for a fourth year as part of Inc. magazine annual ranking of the fastest-growing private companies in America. With a three-year revenue growth rate of 89%, THRIVE secured the 3940 spot on the prestigious list. THRIVE stands in revered company this year, as one of only fifty companies to be honored four times on this year’s Inc. 5000 list, and will be profiled in the forthcoming winter edition of Inc. magazine.
“We’re honored to receive national recognition year after year as one of America’s fastest-growing private companies, but our real passion lies in bringing the commercial benefits of designing great products and services to our clients to help them design growth,” said Jonathan Dalton, THRIVE Co-Founder and CEO. “Our #1 priority is company culture. Our belief is if we get the culture right, everything else falls into place. We attribute our incredible growth to our amazing team, fantastic clients, and business partners who share our mindset of using design as a strategic tool for achieving superior business performance.”
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.
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. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 18.
“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.”
The annual Inc. 5000 event honoring the companies on the list will be held virtually from October 23 to 27, 2020. As always, speakers will include some of the greatest innovators and business leaders of our generation.
About THRIVE: Product Innovation Made Easy
THRIVE is a strategic innovation and experience design firm helping ambitious leaders design growth by creating experiences people love through Informed Design™. We help our client partners feel courageous, giving them the conviction and confidence to design what’s next.
Based in Atlanta, Georgia, THRIVE is an experienced group of researchers, strategists, and product developers who work at the intersection of design, the social sciences, and business to help companies create new value. Our expertise in generating insight, envisioning new ideas, reinventing categories, and translating brands into tangible experiences, has helped leading companies to THRIVE.
MORE ABOUT INC. AND THE INC. 5000
Methodology
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 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
Founded in 1979 and acquired in 2005 by Mansueto Ventures, 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. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. 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.
