PALO ALTO, Calif., Aug. 16, 2022 (GLOBE NEWSWIRE) -- Inc. magazine today revealed that Escalon, leading Essential Business Services (EBS) provider, is No. 1,647 on its annual Inc. 5000 list, the most prestigious ranking of the nation's fastest-growing private companies. Escalon's EBS solution is a one-stop shop for all the back office business essentials growth-minded companies, like those on the Inc. 500 list, need, including accounting, bookkeeping, taxes, insurance, payroll, benefits, and recruiting. The list represents a unique look at the most successful companies within the American economy's most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
"We are very pleased to once again be recognized by Inc. magazine on its annual Inc. 5000 list," said Ruby Sahiwal, CEO of Escalon. "Certainly, this speaks volumes about our efforts over the past year because we moved up almost 200 places on the list. The fact that we are on a growth trajectory shows that our efforts to become the leader in Essential Business Services are paying off."
Since its last inclusion on the Inc. 5000 list, Escalon has acquired Early Growth and Full Stack Finance, both leaders in financial, CFO and HR services for VC-backed and VC-bound companies. By joining forces, Escalon is now the largest provider of Essential Business Services in the country, able to offer companies of all sizes the services and resources needed to take their business to the next level.
The companies on the 2022 Inc. 5000 have not only been successful but have also demonstrated resilience amid supply chain woes, labor shortages and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 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. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on August 23.
"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," said Scott Omelianuk, editor-in-chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."
About Escalon Services
Escalon, together with acquired companies Early Growth and Full Stack Finance, is the one-and-done solution for all Essential Business Services (EBS), including FinOps (CFO services, bookkeeping and accounting), PeopleOps (human resources, benefits, recruiting and payroll) and Risk (business insurance). Since 2006, Escalon has helped over 5,000 companies across a range of industries and in 22 countries optimize their back offices. Escalon has been named to Inc. Magazine's Inc. 5000 list five times over the past six years.
More about Inc. and the Inc. 5000
Methodology
Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 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 four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine's September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.
About Inc.
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 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 & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com. For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/.
Press Contact
Celene Robert
Director of Marketing, Escalon Services
celene.robert@escalon.services
Related Images
Image 1: Escalon Appears on the Inc. 5000
For the 5th Time, Escalon Appears on the Inc. 5000 Moving Up Almost 200 Places to Ranking No. 1647 Due to the Company's Impressive Revenue Growth
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