For the 8th Time, Solutions by Text Makes the Inc. 5000, With Three-Year Revenue Growth of 165 Percent
NEW YORK, August 13, 2024 – Inc. revealed today that Solutions by Text (SBT) ranks No. 3,028 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. Within the list, SBT places No. 335 in the software industry category. 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.
“Receiving recognition on the Inc. 5000 list for the eighth time is a proud moment for Solutions by Text. This accolade reflects our success in delivering effective, compliant texting and payment solutions that are reshaping how consumer finance organizations engage with their customers. As the demand for texting continues to grow, we’re eager to drive further advancements in real-time solutions that support our customers’ success.,” said David Baxter, CEO of Solutions by Text.
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. 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.”
Beth Deck, CFO at Solutions by Text, had this to say about the honor of placing on the Inc. 5000 list, “Being ranked on the Inc. 5000 is a fantastic achievement and a testament to the strength of our business model. Our recent milestone of sending over 1 billion texts annually underscores the growing importance of text as a crucial business solution. With consumers increasingly choosing texting as their primary communication method, we are enthusiastic about the future and committed to expanding our innovative solutions to meet this demand.”
About Solutions by Text
Solutions by Text (SBT) is the pioneer of FinText™, empowering enterprise financial services companies to compliantly engage, interact and transact with their consumers in real-time. The nation’s largest consumer finance organizations rely on SBT’s robust compliance platform to mitigate legal and reputational risk while driving messaging and payments performance throughout the consumer lifecycle – from marketing and loan origination to servicing, collections and bill payment. SBT has been recognized as a Built In Best Place to Work and an Inc. 5000 Fastest Growing Company. For more information about Solutions By Text, please visit solutionsbytext.com and follow on LinkedIn.
Contact:
Alanna Gaubatz
Archie Group
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More about Inc. and the Inc. 5000
Methodology
Companies on the 2024 Inc. 5000 are ranked according to percentage revenue growth from 2020 to 2023. To qualify, companies must have been founded and generating revenue by March 31, 2020. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2023. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2023 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 four decimal places.
About Inc.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work achieves a monthly brand footprint of more than 40 million across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit inc.com.
