NEW YORK, Feb. 19, 2020 /PRNewswire/ -- Inc. magazine today revealed that Kong Inc. is No. 41 on its inaugural Inc. 5000 Series: California list, the most prestigious ranking of the fastest-growing California-based private companies. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the California economy's most dynamic segment—its independent small businesses.
"Kong has seen tremendous growth over these past years in both our open source community and enterprise business, and the team is thrilled to be recognized by Inc. for our hard work and dedication to our customers and community," said Augusto Marietti, CEO and co-founder of Kong. "We are excited to build on this momentum and deliver a service control platform that intelligently manages data in motion to make the digital world more reliable."
The companies on this list show stunning rates of growth across all industries in California. Between 2016 and 2018, these 250 private companies had an average growth rate of 422 percent and, in 2018 alone, they employed more than 49,000 people and added $5.6 billion to the California economy. Companies based in the largest metro areas—Los Angeles, the Bay Area, and San Diego—brought in the highest revenue overall.
Complete results of the Inc. 5000 Series: California, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/inc5000-series-california-2020.
"The companies on this list demonstrate just how much the small-business sector impacts California's economy," says Inc. editor in chief Scott Omelianuk. "Across every single industry, these businesses have posted revenue and growth rates that are beyond impressive, further proving the tenacity of their founders and CEOs."
The Inc. 5000 Series: California Summit & Awards event to honor the companies on the list will take place on Tuesday, May 12, 2020, at The LINE Los Angeles (3515 Wilshire Blvd., Los Angeles, California 90010).
About Kong Inc.
Kong delivers a next-generation API and service lifecycle management platform designed for modern architectures, including microservices, containers, cloud and serverless. Offering high flexibility, scalability, speed and performance, Kong enables developers and Global 5000 enterprises to reliably secure, connect and orchestrate microservice APIs for modern applications. Kong is building the future of service control platforms to intelligently broker information across services. For more information about Kong, please visit https://konghq.com/ or follow @thekonginc on Twitter.
CONTACT: Pauline Louie, 415.754.9283, [email protected]
More about Inc. and the Inc. 5000 Regional Series
The 2020 Inc. 5000 Regional Series is ranked according to percentage revenue growth when comparing 2016 and 2018. 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, 2018. (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 2018 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.
SOURCE Kong Inc.