Inc. Magazine: Peaxy Among America’s Fastest-Growing Private Companies in 2018August 16, 2018
Peaxy Inc., with three-year revenue growth of 1,506%, ranks #327 on the newly released “Inc. 5000” list, and #36 among software companies.
SAN JOSE, August 16, 2018 — Peaxy Inc. has been named as one of America’s fastest-growing private companies in Inc. magazine’s newly-released 2018 edition of its prestigious “Inc. 5000” list. Revenue growth of 1,506% in the latest 3-year period propelled the software company to a rank of #327 on the list — #36 among its software peers.
“It’s an incredible achievement that we’ve worked hard for,” says Manuel Terranova, CEO of Peaxy and a veteran of GE and Xerox. “I’m proud of everyone on the team for getting us here.”
Founded in 2012, Peaxy recognized early on that the unprecedented growth of unstructured data across the enterprise is creating a need for specialized tools that make this data accessible and useful to core business processes. Peaxy’s solutions provide such tools.
“The reason for our growth is that more and more companies understand the value of their industrial data lakes — and our solutions help them unlock this value,” says Terranova.
Peaxy Lifecycle Intelligence™ provides cloud-based asset management that turns operational data into actionable financial insights, improving the lifetime value of physical assets. Peaxy Fast Proposal™ speeds up project bidding by tuning the physical and financial models underlying proposed industrial solutions to suit the unique needs of each customer.
This past year has also seen Peaxy expand its footprint from San Jose to Stockholm, Sweden, to better harness the unique talents of its global team.
Visit Peaxy’s profile on Inc. 5000 at https://www.inc.com/profile/peaxy/.
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More about Inc. and the Inc. 5000:
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 2018 Inc. 5000 achieved a 3-year average growth of 538.2%, and a median rate of 171.8%. 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 an interactive database that can be sorted by industry, region, and other criteria, can be found at https://www.inc.com/inc5000/.
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 US-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.