Panzura ≠2,075 Into Inc. 5000

Inc. revealed that Panzura LLC ranks No. 2,075 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America.

The ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment-its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
 
“As if one year on the Inc. 5000 list wasn’t enough, we’ve had another incredible year,” said Jill Stelfox, CEO, Panzura. “Last year, we proved the value of our team and technology, breaking into the top 5,000 fastest-growing private companies just two short years after Panzura’s re-founding. This year, we’ve secured our place as a market leader in the protection and management of data for enterprises around the world.”

“Few industries have experienced such a dramatic evolution in recent years as data management,” he continued. “The hybrid, multi-cloud environment holds a great deal of potential for business, but challenges such as ransomware, access control, and the storage of increasing volumes of unstructured data have become critical pain points for enterprises. Panzura gives enterprises the visibility and security they need to embrace the hybrid, multi-cloud environment with control and confidence.”

The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median 3-year revenue growth rate ticked up to an astonishing 2,238%. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past 3 years.
 
The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning August 23.
 
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000-with the fast growth that requires-is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”

“Being named to the Inc. 5000 list of fastest-growing private companies in America for the second year running is an honor,” Stelfox comments. “Our primary focus has always been helping enterprises seize control of their data through efficient, accessible, and secure data management solutions. Being honored for doing what we love while helping our customers move the needle sure feels good.”

Panzura is in hybrid multi-cloud data management for the enterprise. As a true cloud data management platform, CTOs choose its software to protect their data from ransomware and other cyber threats through immutable storage and make it easier to manage at scale through the use of AI/ML data analytics. Following the company’s re-founding in 2020, it has undergone a cultural shift and redefined its core values, bringing 7 new products to market. Within 3 years, it has achieved a record-breaking rise in annual recurring revenue of 271% and is growing at 4x the rate of its nearest competitors. 
 
More about the Inc. 5000
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be US-based, privately held, for-profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to 4 decimal places.