With a 297% growth rate, STACK continues to positively impact customers’ ability to win more profitable work
CINCINNATI, OH, AUGUST 21, 2018 – Inc. magazine recently revealed that STACK Construction Technologies, provider of the first and only 100% cloud- based takeoff and estimating software for the construction industry, is #1570 on its 37th 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.
“We are honored to be recognized for our second consecutive year as one of the nation’s fastest-growing private companies in the U.S., according to Inc. Magazine,” said Phil Ogilby, CEO of STACK Construction Technologies. “We could not be more thrilled about joining this list of outstanding businesses and collection of success stories. The cumulative growth represented by honorees is really commendable and we congratulate all of the leaders and entrepreneurs who have achieved this recognition as a result of hard work and perseverance.”
Not only have the companies on the 2018 Inc. 5000 been incredibly competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2018 Inc. 5000 achieved an astounding three-year average growth of 538.2 percent, and a median rate of 171.8 percent. The Inc. 5000’s aggregate revenue was $206.1 billion in 2017, accounting for 664,095 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.
STACK’s continued rapid growth is directly related to the value its construction contractor customers are realizing as a result of its cloud-based takeoff and estimating software which empowers users to bid more work, in less time, eliminate costly errors and win more profitable work. The construction industry as a whole is adopting technology at an ever-increasing rate and STACK is among the solutions making a significant impact on the productivity, efficiency and profitability of the booming market segment.
“In the past 12 months, STACK users have loaded more than 12.3 million pages of plans and estimated more than 300,000 construction projects using our cloud-based software. We’ve doubled the size of our development team to power enhanced functionality and a multitude of new features. Our talented team shows passion and dedication every day. I could not be prouder of the company we’re building and the results we’re driving for our customers,” Ogilby concluded.
About STACK Construction Technologies: STACK Construction Technologies provides the first and only truly cloud-based takeoff and estimating software for professional construction contractors. Through a sophisticated, yet easy-to-use SaaS platform, STACK is transforming and streamlining pre-construction process for contractors of all sizes, throughout North America and Australia. STACK empowers users to quickly and accurately measure digital plans, collaborate with team members, customize materials and pricing and finalize project estimates. Visit www.stackct.com to learn more.
More about Inc. and the Inc. 5000:
Methodology The 2018 Inc. 5000 is ranked according to percentage revenue growth when comparing 2014 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2014. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2017. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2014 is $100,000; the minimum for 2017 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 18,000,000 today. For more information, visit www.inc.com