NEW YORK, August 18, 2020 – Inc. magazine today announced that Utah-based Coreform, LLC is No. 594 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.
Coreform CEO Matt Sederberg responded: “Our team has done an incredible job over the last three years and they deserve to be recognized for the hard work that led to such outstanding growth. At Coreform, our focus will remain on perfecting our unique technology and building our software, so engineers around the world can solve simulation problems that traditional codes can't handle.”
The state of Utah made another impressive showing on the Inc. 5000. 115 of the companies on the list are based in Utah, marking the fifth straight year that the state has fielded more than 100 entrants on the Inc. 5000 list. Coreform ranked #18 overall, and #6 among software companies in Utah, this year.
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. This year's Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years. These companies also achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent.
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 w ww.inc.com/inc5000. The top 500 companies are also being featured in the September issue of Inc., available on newsstands August 18.
“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.
Coreform LLC joins Utah’s “Silicon Slopes” as a highly innovative software company. Coreform’s patent-pending technology improves the speed and accuracy of engineering simulation. This is their first appearance on the Inc. 5000, but COO Randy Morris expects even faster growth over the next few years. "This is just the tip of the iceberg," he predicts. More details about Coreform are available on their website.
About Coreform LLC
Coreform is the leading developer of commercial spline-based simulation software. Founded in 2014, the company's globally recognized authorities in the field of isogeometric analysis are among the most widely cited authors in engineering sciences. The company's spline-based simulation software is based on its proprietary spline geometry instead of traditional meshes and provides many significant advantages over traditional FEA simulation software. Coreform is headquartered in Orem, Utah, USA. Visit www.coreform.com for more information.
