NEW YORK, Aug. 12, 2020 /PRNewswire-PRWeb/ -- Inc.
magazine revealed today that TecAce Software, Ltd is No. 3475 on
its annual Inc. 5000 list, the most prestigious ranking of the
nation's fastest-growing private companies. The list represents a
unique look at the most successful companies within the American
economy's most dynamic segment—its independent small businesses.
Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other
well-known names gained their first national exposure as honorees
on the Inc. 5000.
"It's an honor for TecAce to be listed as an Inc. 5000 company
in the year 2020, right when we're celebrating our 20th
anniversary," said Chang Han, CEO of
TecAce. "This is a testament to our team's constant efforts toward
building better products. We thank our customers and partners for
providing us with opportunities to produce the creative solutions
that got us here. We look forward to our future growth and will
continue to build products that help people build smarter
lifestyles. And as always, we will continue our efforts to make
TecAce an even better place to work."
Not only have the companies on the 2020 Inc. 5000 been very
competitive within their markets, but the list as a whole shows
staggering growth compared with prior lists as well. The 2020 Inc.
5000 achieved an incredible three-year average growth of over 500
percent, and a median rate of 165 percent. The Inc. 5000's
aggregate revenue was $209 billion in
2019, accounting for over 1 million 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 http://www.inc.com/inc5000. The
top 500 companies are also being featured in the September issue of
Inc., available on newsstands August
12.
"The companies on this year's Inc. 5000 come from nearly every
realm of business," says Inc. editor-in-chief Scott Omelianuk. "From health and software to
media and hospitality, the 2020 list proves that no matter the
sector, incredible growth is based on the foundations of tenacity
and opportunism."
The annual Inc. 5000 event honoring the companies on the list
will be held virtually from October 23 to
27, 2020. As always, speakers will include some of the
greatest innovators and business leaders of our generation.
About TecAce
For two decades, TecAce has been pushing the information technology
industry forward by creating innovative IT services including
multi-platform apps, cloud services, and retail solution
development that enable the world's top class manufacturers,
telecoms and internet service providers to successfully market
their products throughout the whole mobile/IoT ecosystem.
Methodology Behind the Inc. 5000
The 2020 Inc. 5000 is ranked according to percentage revenue growth
when comparing 2016 and 2019. To qualify, companies must have been
founded and generating revenue by March 31,
2016. They had to be U.S.-based, privately held, for profit,
and independent—not subsidiaries or divisions of other companies—as
of December 31, 2019. (Since then, a
number of companies on the list have gone public or been acquired.)
The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. As always, Inc. reserves the right to
decline applicants for subjective reasons. Companies on the Inc.
500 are featured in Inc.'s September issue. They represent the top
tier of the Inc. 5000, which can be found at
http://www.inc.com/inc5000.
About Inc. Media
The world's most trusted business-media brand, Inc. offers
entrepreneurs the knowledge, tools, connections, and community to
build great companies. Its award-winning multiplatform content
reaches more than 50 million people each month across a variety of
channels including websites, newsletters, social media, podcasts,
and print. Its prestigious Inc. 5000 list, produced every year
since 1982, analyzes company data to recognize the fastest-growing
privately held businesses in the United
States. The global recognition that comes with inclusion in
the 5000 gives the founders of the best businesses an opportunity
to engage with an exclusive community of their peers, and the
credibility that helps them drive sales and recruit talent. The
associated Inc. 5000 Conference is part of a highly acclaimed
portfolio of bespoke events produced by Inc. For more information,
visit http://www.inc.com.
For more information on the Inc. 5000 Conference, visit
http://conference.inc.com/.
SOURCE TecAce