Three-Year Revenue Growth of 485% for Panzura

Inc. revealed that Panzura LLC is ≠1343 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America.

The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment-its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

“The turnaround we’ve achieved since the company’s re-founding in 2020 has been remarkable,” said Jill Stelfox, CEO. “We’re seeing the data management industry shift toward a hybrid, multi-cloud environment, with challenges such as ransomware, access control, and how to store ever-increasing volumes of unstructured data now dominating. Panzura provides the visibility and security organizations need to combat these challenges and seize full control of their data.“

“Panzura’s market-leading solution is only one of many factors contributing to its success,” he continued. “The company was re-founded with a clear vision for change, and part of that change was creating an equitable, compassionate, and performance-focused culture. Gender-equal salaries, a gender-balanced board, the freedom to work remotely, and personal career and mental-health coaching for all employees unlocks everyone’s best. Our people are everything, and they always will be.”

The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median 3-year revenue growth rate soared to 2,144%. Together, those companies added more than 68,394 jobs over the past 3 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 inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on August 23.

“The accomplishment of building one of the fastest-growing companies in the US, in light of recent economic roadblocks, cannot be overstated:” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”

“Joining the Inc. 5000 list of fastest-growing private companies in America is an honor. Whether we are providing hybrid, multi-cloud data management for complex healthcare workloads or delivering ransomware-immune solutions for financial institutions, we know that our Global 2000 customers want to work with the industry leader,” Stelfox comments. “Our mission to provide every CIO with rock-solid security, complete visibility, and the advanced ability to put their data to work drives us each day.“

Panzura is in hybrid multi-cloud data management. As a cloud data management platform, CTOs choose firm’s software to protect their data from ransomware and other cyber threats through immutable storage and make it easier to manage at scale through the use of AI/ML data analytics.

Following the company’s re-founding in 2020, it has undergone a cultural shift and redefined its core values, bringing 7 new products to market. Within 2 years, it achieved a record-breaking rise in annual recurring revenue of 200% and was growing at 4x the rate of its nearest competitors.