Poseidon Systems Makes INC 5000 for 2nd Straight Year
For the 2nd Time, Poseidon Systems Appears on the Inc. 5000,
Ranking No. 1726 With Three-Year Revenue Growth of 236 Percent
ROCHESTER September 10, 2019 – Inc. magazine today revealed that Poseidon Systems, LLC is No. 1726 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“We are excited to be among American’s fastest growing companies. Rochester has been a great community to build the hardest working, dedicated team capable of supporting this kind of explosive growth.” Mark Redding, President/Founder of Poseidon Systems. “We look forward to continued growth as we expand to the largest installation base within our industry.”
Not only have the companies on the 2019 Inc. 5000 (which are listed online at Inc.com, with the top 500 companies featured in the September issue of Inc., available on newsstands) been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 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.
ABOUT POSEIDON SYSTEMS:
Poseidon Systems, LLC is a leader in Industrial IoT fluid solutions, designing and manufacturing best-in-class fluid sensors. Through Poseidon Live (PSL), online monitoring software, Poseidon Systems is helping customers detect asset failures at the earliest possible point in time and prevent failures through identification of root causes before failure occurs. Through the world’s most advanced fluid quality sensor, operators are able to track fluid quality and estimate RUL, saving millions in fluid consumption and waste. Learn more at https://poseidonsys.com
VP of Industrial IoT
Poseidon Systems, LLC
More about Inc. and the Inc. 5000
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. 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 2015 is $100,000; the minimum for 2018 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, which can be found at http://www.inc.com/inc5000.
About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit www.inc.com.
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 Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.