For the 3rd Time, Fairmarkit Makes the Inc. 5000 List of America’s Fastest-Growing Private Companies
NEW YORK, August 13, 2024 – Inc. revealed today that Fairmarkit ranks No. 953 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia, and many other household-name brands gained their first national exposure as honorees on the Inc. 5000.
“It’s amazing to see the Fairmarkit community earn a spot on the Inc. 5000 list for a third straight year. This wouldn’t be possible without our trailblazing customers who push us, our trusted partners who help accelerate our value, and our passionate team who operate with excellence and integrity everyday while driving to change the game in procurement,” said Kevin Frechette, Fairmarkit CEO and Co-Founder.
The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate is 1,637 percent. In all, this year’s Inc. 5000 companies have added 874,458 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the new issue of Inc. magazine, available on newsstands beginning Tuesday, August 20.
“One of the greatest joys of my job is going through the Inc. 5000 list,” says Mike Hofman, who recently joined Inc. as editor-in-chief. “To see all of the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year’s honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce.”
About Fairmarkit
Fairmarkit is an autonomous sourcing platform that equips procurement teams with AI, GenAI, and automation so they can source more competitively at scale. It integrates with ERP and P2P systems to automate source-to-award workflows and help you manage 10x more events, realize over 11% cost-savings across categories, and reduce cycle times by over 40%.
Fairmarkit’s AI and GenAI capabilities bridge the gap between procurement and their stakeholders by streamlining demand intake for business users, automating RFx creation, and optimizing supplier selection for each event. Whether implemented for tail spend or strategic sourcing, Fairmarkit helps procurement teams at companies like Boeing, bp, SDI, Vera Bradley, and Snowflake do more with less every day. Learn more here.
