Inc. Magazine Unveils Its First-Ever List of the Midwest’s Fastest-Growing Private Companies—The Inc. 5000 Series: Midwest
NimbeLink Ranks No. 77 on the inaugural 2020 Inc. 5000 Series: Midwest With Two-Year Revenue Growth of 230 Percent
PLYMOUTH, MN, April 1, 2020 – Inc. magazine today revealed that NimbeLink is No. 77 on its inaugural Inc. 5000 Series: Midwest list, the most prestigious ranking of the fastest-growing private companies in Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Midwest economy’s most dynamic segment—its independent small businesses.
“We are honored to be included in this inaugural list as one of the fastest growing companies in the Midwest across all sectors. Our growth rate of 230% across 2 years is a testament to both the hard work of our employees, and the broad based acceptance of our cellular based IOT solutions,” said Scott Schwalbe, CEO of NimbeLink. “Our Skywire® family of embedded cellular modems are now in volume production across many applications and our edge-to-enterprise asset tracking solutions are seeing strong commercial adoption.”
The companies on this list show stunning rates of growth across all industries in the 12 Midwest states.Between 2016 and 2018, these 250 private companies had an average growth rate of 360 percent and, in 2018 alone, they employed more than 27,000 people and added $13 billion to the Midwest’s economy. Companies based in the Chicago, Detroit, and Cincinnati areas brought in the highest revenue overall. Complete results of the Inc. 5000 Series: Midwest, 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-midwest-2020 starting March 25, 2020.
“The companies on this list demonstrate just how much the small-business sector impacts the economies of each Midwest state,” 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.”
NimbeLink is the world’s most trusted partner for edge-based cellular connectivity solutions for the Industrial Internet of Things (IIoT). NimbeLink makes certified Skywire® cellular modems that are pin-compatible and future-proof and enable OEMs to dramatically reduce their cellular development time. In addition, NimbeLink develops and markets complete edge-to-enterprise Asset Tracking Solutions that are precisely configured to customers’ use cases. For more information, please call +1 612.285.3433, send a message, or visit www.nimbelink.com.
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 multi platform 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.