17 Aug, 2021, 14:00 ET
CHICAGO, Aug. 17, 2021 /PRNewswire/ -- Inc. magazine announced that RedShelf has been recognized as one of the nation's fastest-growing private companies for the fourth consecutive year. The Inc. 5000 list spotlights the most successful companies within the American economy's most dynamic segment— its independent businesses.
Based upon the percentage revenue growth achieved by each company over a three-year period, the Inc. 5000 is the most prestigious ranking of the nation's fastest-growing private companies, previously including well-known names such as Microsoft, Zillow, LinkedIn, and Dell, among others. On average, less than 10 percent of companies that make the Inc. 5000 achieve the sustained growth required to make the list four years in a row.
"Making this prestigious list for the fourth consecutive year is a testament to the fact that we are providing solutions to very real industry challenges," said Greg Fenton, CEO and co-founder of RedShelf. "Colleges, publishers, and businesses are recognizing the power of digital content delivery to improve affordability and operational efficiency while simultaneously driving learner engagement."
Founded in 2012, RedShelf today provides millions of college students and corporate learners access to its award-winning digital instructional resources. In addition to digitizing and distributing content from more than 10,000 publishers and content creators, the company offers software (known as its Content Delivery System) that enables campuses and businesses to acquire, manage, and deliver all their course materials through a single, consistent process and platform.
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year's list also proved especially resilient and flexible given 2020's unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
"The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled," says Scott Omelianuk, editor-in-chief of Inc. "Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we've lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people."
RedShelf Contact: Elio DiStaola
RedShelf is a Chicago-based EdTech company focused on helping schools, businesses, and publishers transition effortlessly from traditional print to more affordable, efficient, engaging digital textbooks, training materials, and learning content. Today, Redshelf's software (Content Delivery System & eReader) serves more than 10,000 publishers and more than 1,500 business and educational partners, reaching millions of student and professional learners worldwide. For more information, visit about.redshelf.com or follow on Twitter, LinkedIn or Facebook.
More about Inc. and the Inc. 5000 Methodology
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to three decimal places. There was one tie on this year's Inc. 5000. 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 web sites, 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 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
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