Cloudbyz Ranks No. 30 on Inc. Magazine's List of the Midwest Region's Fastest-Growing Private Companies

News provided by

Mar 17, 2022, 10:17 ET

Companies on the 2022 Inc. 5000 Regionals Midwest list had an average growth rate of 147% percent.

NAPERVILLE, Ill., March 17, 2022 /PRNewswire/ -- Inc. magazine today revealed that Cloudbyz is No. 30 on its third annual Inc. 5000 Regionals Midwest list, the most prestigious ranking of the fastest-growing private companies based in Iowa, Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, North Dakota, Nebraska, Ohio, South Dakota, and Wisconsin. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Midwest region economy's most dynamic segment–its independent small businesses.

"We are excited to be included in the list of fastest-growing private companies in the midwest," said Dinesh Kashyap, CEO of Cloudbyz. "In spite of challenges faced in the industry within the past couple of years, we were able to grow 349% under the shadows of Covid. As a bootstraps organization, we are proud to have had such tremendous growth and success and strive to be a major contender in the market. We would like to thank our customers, employees, and partners who helped us to achieve this growth."

The companies on this list show a remarkable rate of growth across all industries in the Midwest region. Between 2018 and 2020, these 144 private companies had an average growth rate of 147% percent and, in 2020 alone, they added 19,821 jobs and nearly $11.7 billion to the Midwest region's economy. Companies based in the Chicago, Illinois, Noblesville, Indiana, and Overland Park, Kansas, areas had the highest growth rate overall.

Complete results of the Inc. 5000 Regionals Midwest, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/midwest starting March 15, 2022.

"This year's Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America's off-the-charts growth companies. They're disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you'll be hearing about for years to come," says Scott Omelianuk, editor-in-chief of Inc.

Cloudbyz offers innovative cloud-based solutions in the life sciences, healthcare, and enterprise IT domains. Our expertise lies in being a technology catalyst for drug development, clinical trials, and business management. Our company abides by a customer-centric approach for the entire client lifecycle including post-go-live warranties, staff training, onsite and offsite support, among others. We aim to deliver sustained value and partner collaboration through a comprehensive suite of clinical trial tools for effective clinical trial management.

Contact:
Grace Anderson
Sr. Product Marketing Manager
1-630-481-6357
[email protected]

More about Inc. and the Inc. 5000 Regionals

Methodology
The 2022 Inc. 5000 Regional are ranked according to percentage revenue growth when comparing 2018 and 2020. To qualify, companies must have been founded and generating revenue by March 31, 2018. 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 2018 is $100,000; the minimum for 2020 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.

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 www.inc.com.

SOURCE Cloudbyz