With an impressive Two-Year Revenue Growth, Next Reason Inc. Ranks 99th on Inc. Magazine’s List of the Pacific Region’s Fastest-Growing Private Companies
Companies on the 2023 Inc. 5000 Regionals: Pacific list had an average growth rate of 559 percent
Portland, Oregon, February 28, 2023 – Inc. Magazine today revealed that Next Reason Inc. is 99th on its third annual Inc. Regionals: Pacific list, the most prestigious ranking of the fastest-growing Pacific private companies, based in Alaska, Hawaii, California, Oregon, and Washington. Next Reason also ranked as the 6th fastest-growing private company in Oregon. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful private companies within the Pacific economy generating sustainable growth and jobs.
“Being recognized as top 99 in the Inc. Regionals: Pacific list embodies the outstanding efforts of our team and the loyalty and trust of our clients,” said Matt Koltermann, Next Reason Inc.’s COO. “We’re proud of this recognition, but even prouder of the culture of excellence and innovation we have built together. This award is a tribute to our team’s hard work and dedication, as well as a motivation to continue growing and providing the best service and value to our customers.”
The companies on this list show a remarkable rate of growth across all industries in the Pacific. Between 2019 and 2021, these private companies had an average growth rate of 559 percent and, in 2021 alone, they added 14,536 jobs and $4.6 billion to the Pacific region’s economy. Companies based in the Irvine, Santa Monica, and Venice, California areas had the highest growth rates overall.
Complete results of the Inc. Regionals: Pacific, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/pacific starting February 28, 2023.
“This year’s Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America’s off-the-charts growth companies. They’re disruptors and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you’ll be hearing about for years to come,” said Scott Omelianuk, editor-in-chief of Inc. magazine.
Next Reason was founded by customer identity and access management experts who have used security and governance practices to expand our products and services. Next Reason’s holistic product and services approach enables you to stay one step ahead by providing a customizable, quick-to-deploy CIAM solution, managed governance resources, and a forward-looking strategy.
Contact:
Matt Koltermann
+1 (503) 395-4635
matt@nextreason.com
More about Inc. and the Inc. 5000 Regionals
Methodology
The 2023 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2019 and 2021. To qualify, companies must have been founded and generating revenue by March 31, 2019. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2021 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multi-platform 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 is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.