Thrive Named a 2021 Fast 50 Company by Boston Business Journal
The Boston Business Journal has named Thrive to its exclusive 2021 Fast 50 list, which represents the 50 fastest-growing private companies in Massachusetts. The Fast 50 companies are selected and ranked based on a formula that counts revenue growth from 2017 to 2020.
“Thrive is honoured to be named to Boston Business Journal’s Fast 50 list,” said Rob Stephenson, CEO at Thrive. “We continue to experience strong growth in Boston and throughout the Mid-Atlantic region. Thrive is an industry leader that successfully optimises IT business performance with our NextGen Technology Platform, powered by the automation and self-service capabilities of ServiceNow, for organisations across many industries, including financial, healthcare, life sciences, education and more, making them more productive, profitable, and agile.”
The numbers were crunched and analysed by the Business Journal’s research department.
“The economic shutdown sent a lot of companies’ strategies and financials into uncharted territory in 2020, but as the Fast 50 illustrates, Greater Boston’s fastest-growth companies pivoted and prospered despite it all,” said Carolyn M. Jones, market president and publisher of the Boston Business Journal.
A Fast 50 special publication is scheduled to run in the May 21 weekly edition of the Business Journal and online that same week. A private virtual honoree celebration to honour this year’s Fast 50 is scheduled to be held on Wednesday, May 19, where the rankings will be released.
Companies on the Fast 50 must have their headquarters in Massachusetts and must have reported revenue of at least $500,000 in 2017 and $1 million in 2020 were considered. (Unlike in past years, due to the pandemic, companies were not disqualified from the ranking if they experienced a net loss during one of the years analysed, provided growth from 2017 to 2020 was positive.)