FOR IMMEDIATE RELEASE
Press Release: MichiganLabs named to Inc 5000 Fastest Growing Companies in the U.S.
NEW YORK, NEW YORK --(BUSINESS WIRE)-- Michigan Software Labs has earned its first recognition in Inc. magazine’s influential Inc. 5000 list. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses.
MichiganLabs Makes the #Inc5000 Fastest Growing Companies List
Michigan Software Labs, located in Ada, Michigan, has ranked in the Inc. 5000 as one of the fastest-growing private U.S. companies. The 2020 listing places MichiganLabs as the 1,712th fastest-growing private U.S. company. Companies on the 2020 Inc. 5000 have been very competitive within their markets, and the list as a whole shows staggering growth compared with prior lists.
“We are excited to be named to this list for the first time. Our growth has been because of the excellent work our team has put in to develop custom software for clients across the country. We remain dedicated to serving our clients.” said Josh Hulst, Managing Partner and Co-founder of Michigan Software Labs.
The 2020 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2020, accounting for 1,216,308 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.
Michigan Software Labs develops custom mobile, web, and Internet of Things (IoT) software for clients ranging from locally owned businesses to Fortune 500 companies. Recognized as a leader in UX/UI design, with millions of end-users to date, Michigan Software Labs was named #1 for Mobile App Development by MobileAppDaily.com, and one of the Top UX Design Companies in the U.S. by Clutch. The company is a two-time winner of the Inc. Best Places to Work Award.
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
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.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.