Innovecs Appears on the Inc. 5000, Ranking For the 4th Time

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August 12, 2020 2 min read

Inc. magazine today has revealed that Innovecs is No. 1992 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 incredible honor to be recognized on the Inc. 5000 list for the fourth year in a row. For us, being among the fastest-growing companies in America is a validation of Innovecs employees' exceptional commitment and another milestone reflecting the excellent service delivered to our clients. We strive for sustained growth in the future, investing in our world-class engineering services and focusing on a corporate culture that leads to happier clients.
Alex Lutskiy,
Innovecs Co-Founder and CEO

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% and a median rate of 165%. 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 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. 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.
Scott Omelianuk,
Inc. editor-in-chief

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.

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Innovecs is a global company, we have two large offices in Ukraine located in Kyiv and Mykolayiv. On February 24, Ukrainians woke up to a new reality — a hostile Russian invasion shattered the plans and quiet lives of 45 million people. Instead of getting confused, the Ukrainians united in the name of victory. President Zelenskiy is now compared to King David of Israel, who skillfully dealt with the huge and ugly Goliath. A small country on a map is fighting a huge Russian army. National collective responsibility has been a powerful blow in response to Russia’s legend of a weak and divided Ukraine. Here everyone is either a soldier or a volunteer. Each of us has our own battlefront. Someone hospitably opens the door to migrants, makes dumplings for soldiers in the defense, someone donates to the army, and seeks options to buy bulletproof vests and medical kits for the Armed Forces of Ukraine. Someone performs DDoS attacks on Russian sites and is waging an active war on the information front. Some advise and provide psychological assistance, some treat and organize humanitarian convoys free of charge. Innovecs, like hundreds of others, has joined the financial support of the army. We also organized additional fundraising for each team member who wanted to donate money to support the army. Of course, Innovecsers help not only with funding, but also volunteer. Today we will share some stories of our team members who chose their “battlefront” during the war with Russia.
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