Inc. magazine announced that RedShelf has been recognized as one of the nation’s fastest-growing private companies for the fourth consecutive year. The Inc. 5000 list spotlights the most successful companies within the American economy’s most dynamic segment— its independent businesses.
Based upon the percentage revenue growth achieved by each company over a three-year period, the Inc. 5000 is the most prestigious ranking of the nation’s fastest-growing private companies, previously including well-known names such as Microsoft, Zillow, LinkedIn, and Dell, among others. On average, less than 10 percent of companies that make the Inc. 5000 achieve the sustained growth required to make the list four years in a row.
“Making this prestigious list for the fourth consecutive year is a testament to the fact that we are providing solutions to very real industry challenges,” said Greg Fenton, CEO and co-founder of RedShelf. “Colleges, publishers, and businesses are recognizing the power of digital content delivery to improve affordability and operational efficiency while simultaneously driving learner engagement.”
Founded in 2012, RedShelf today provides millions of college students and corporate learners access to its award-winning digital instructional resources. In addition to digitizing and distributing content from more than 10,000 publishers and content creators, the company offers software (known as its Content Delivery System) that enables campuses and businesses to acquire, manage, and deliver all their course materials through a single, consistent process and platform.
Not only have the companies on the 2021 Inc. 5000 been very competitive within their markets, but this year’s list also proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”