Inc. magazine revealed that Kenect is ranked No. 1,014 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. Kenect secured the spot for the second year in a row with a three-year revenue growth rate of 641 %.
Kenect is the sixth fastest growing software company in the state of Utah. It currently has 180 employees and could reach 200 employees by the end of the year.
Kenect’s strong growth is fueled by small businesses that realize that their customers want to text them. More than 89% of people say they would prefer to text a business rather than call a business. Kenect allows small businesses the ability to immediately text their customers rather than play phone tag.
Kenect also allows small businesses to generate reviews, conduct live video chats and even collect payments via text. Per location usage of the Kenect payments platform has increased nearly 500% in the last 18 months, signaling a massive shift in the way customers want to pay small businesses.
“We’re honored to be on the Inc 5000 list for the second year in a row. It’s truly elite company,” said Shaun Sorensen, CEO of Kenect. “This honor is a testament to our team, our product and our amazing customers.”
Complete results of the Inc. 5000 list, including company profiles and an interactive database that can be sorted by industry, region and other criteria, can be found at www.inc.com/inc5000.