Ranking No. 552 with Three-Year Revenue Growth of 1,130 Percent
Pax8, the leading cloud commerce marketplace, announced it was recognized by Inc. for ranking number 552 on the annual Inc. 5000, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“Pax8 continues to exemplify rocketship growth, and it is incredible to earn a top spot on the Inc. 5000 five years in a row,” said John Street, Chief Executive Officer at Pax8. “Our business growth and success can be credited to our people, global expansion of driving the digital transformation with innovative solutions for our partners, and empowering enterprises worldwide with cloud technology. The best is yet to come.”
Pax8’s journey to become the leading global cloud marketplace and expand its network from the Americas began in 2021 with business acquisitions of cloud-based service providers, Wirehive, Resello, Sea-Level Operations, and TVG. Subsequently, in April 2022, Pax8 launched its cloud marketplace in the APAC region. It recently acquired Umbrellar, a services-led Microsoft cloud solutions provider that offers cloud-managed services, migration, advisory services, and cloud procurement for over 1,000 New Zealand businesses. Pax8 currently partners with over 25,000 MSPs serving over 250,000 customers in the Americas, EMEA, and APAC regions.
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The companies on the 2022 Inc. 5000 have not only been successful but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 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. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on August 23.
“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”
Complete results of the Inc. 5000, including company profiles and an interactive database that can sort by industry, region, and other criteria, can be found at www.inc.com/inc5000. The September issue of Inc. will feature the top 500 companies, available on newsstands on August 20.
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