SoftDev Achieves Inc. Magazine’s List of the Fastest-Growing Private Companies in the D.C. Metro Region
Inc. magazine today revealed that SoftDev Incorporated (SoftDev) is No. 240 on its second annual Inc. 5000 Regionals: D.C. Metro list, the most prestigious ranking of the fastest-growing Washington, D.C., area-based private companies. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the D.C. area economy’s most dynamic segment—its independent small businesses.
“I am extremely proud for SoftDev to be listed among the Inc. Magazine’s List of the fastest growing private companies in the D.C. Metro region. SoftDev relocated to Baltimore from the Raleigh, NC area in early 2020. The D.C. Metro region is an extremely competitive marketplace and our success here shows that we are primed to grow and scale even further.”, said Robin Kaiser, SoftDev’s President & CEO.
The companies on this list show stunning rates of growth across all industries in the Washington, D.C., region. Between 2017 and 2019, these 250 private companies had an average growth rate of 211 percent and, in 2019 alone, they employed more than 120,000 people and added nearly $15 billion to the D.C. area economy. Companies based in major metro areas—Baltimore, Maryland, the Washington, D.C. area, and Richmond, Virginia—brought in the highest revenue overall.
Complete results of the Inc. 5000 Regionals: D.C. Metro, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at https://www.inc.com/inc5000/regionals/washington-dc.
“This list proves the power of companies in the Washington, D.C. area no matter the industry,” says Inc. editor in chief Scott Omelianuk. “The impressive revenues and growth rates prove the insight and diligence of CEOs and that these businesses are here to stay.”