NEW YORK, August 13, 2024 – Inc. revealed today that Velvet Suite ranks No. 2,140 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
“This moment is a testament of the power of purpose. We exist to reinvent the world of work through a purpose-powered platform to transform enterprises through discovering a pipeline of leaders at every level,” says Melissa Dawn Simkins, CEO of Velvet Suite and Founder of the She-Suite. “We are grateful for the opportunity to make a meaningful impact and grateful to Inc. for this recognition.”
The Inc. 5000 class of 2024 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 three-year revenue growth rate is 1,637 percent. In all, this year’s Inc. 5000 companies have added 874,458 jobs to the economy over the past three years.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the new issue of Inc. magazine, available on newsstands beginning Tuesday, August 20. “One of the greatest joys of my job is going through the Inc. 5000 list,” says Mike Hofman, who recently joined Inc. as editor-in-chief. “To see all of the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year’s honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce.”
“Velvet Suite is a global enterprise leadership acceleration platform backed by purpose-powered methodology to accelerate a pipeline of future-ready talent. Our platform serves Fortune 500 companies and industry leaders across more than 30 countries.” says Simkins. “Our impact is sustaining the best talent and transforming companies to be more competitive and profitable through unleashing the hidden potential of people.”
For more information on Velvet Suite visit https://velvetsuite.com/.
