for the fourth time
NEW YORK, NY, Aug 22, 2023 – Inc. revealed that Coreform LLC has appeared again on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. Coreform is, for the fourth time, the highest-ranking CAE company on the annual list. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.
“Our dedication to creating the best, next-generation simulation software speaks for itself,” says CEO Michael A. Scott. “It is an honor to be recognized for our hard work.”
The Inc. 5000 class of 2023 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 ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 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. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.
“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”
Appearing on the Inc. 5000 list is an accomplishment in itself. Fewer than 1 in 5 companies that appear on the list are recognized more than three times. This marks the fourth year that Coreform LLC, based in Orem, UT, has been recognized by Inc. magazine for its growth. This year, Coreform was ranked #4043 and was the highest-ranked CAE company in the nation. Coreform develops innovative isogeometric analysis software for finite element analysis, as well as serving as the sole commercial distributor of Sandia National Laboratories’ Cubit meshing software.
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 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 Coreform LLC
Coreform develops next-generation computer-aided engineering software. Coreform’s founders are authorities in isogeometric analysis and are widely cited researchers. The Coreform IGA solver is based on smooth CAD spline geometry, offering greater accuracy than the faceted meshes used in legacy CAE software. Coreform is also the exclusive commercial distributor of the Cubit meshing software. Coreform was founded in 2014 and is headquartered in Utah, USA.
For more information, visit Coreform website.
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 their community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 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 www.inc.com.
For more information on the Inc. 5000 Conference & Gala, slated for October 31 – November 2 in San Antonio, visit http://conference.inc.com/.
