Spiff debuts at number 23 among America’s fastest-growing private companies
SALT LAKE CITY, Utah, August 15, 2023 – Spiff, the leading sales commission software for forward-thinking revenue and sales organizations, announced today that it is ranked number 23 on the Inc. 5000 list, Inc.’s annual list of the fastest-growing private companies in America. It is Spiff’s first time on the Inc. 5000. In addition to landing in the top 25 in its Inc. 5000 debut, Spiff ranked number one among companies based in Utah and number two among software companies.
“I’d like to thank our customers for this recognition because they are the backbone of our success. We listen to them, regularly taking their feedback and implement it into our platform,” Jeron Paul, co-founder and CEO, Spiff, said. “We saw a need in the finance and sales technology market to deliver an easier way to manage commissions. We took that opportunity – and now have a very exciting future in front of us. The Inc. 5000 reveal is a day nearly every private company eagerly awaits. We are humbled by this honor.”
The Inc. 5000 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.
“Running a business has only gotten harder since the end of the pandemic,” said 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.”
In May, Spiff announced a $50M Series C funding round to expand upon its industry-leading sales commissions platform to focus on other complex financial applications. At that time, it also announced the availability of Spiff Designer, its newest model builder, which revolutionizes commission automation for Finance and Revenue teams. Spiff Designer represents the last major mental-model gap that keeps spreadsheet-centric users from embracing financial automation by pairing the familiarity and ease of use of a spreadsheet with the scale, power, and speed of automation.
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.
Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our 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.