Docupace Makes Inc. 5000 List of America’s Fastest-Growing Private Companies
Company ranks No. 3,946 with Three-Year Revenue Growth of 79%
LOS ANGELES, California – August 24, 2021 – Docupace, the leader in cloud-based fintech digital operations software for the wealth management industry, announced today that the company is No. 3,946 on Inc. magazine’s annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.
“It is wonderful to see our team members’ hard work and commitment to our clients result in such rapid growth for our business and platform,” said David Knoch, chief executive officer at Docupace. “We’re honored to be the largest and most trusted provider of digital back-office solutions for the financial advice, investment and insurance industries. We will continue to expand our capabilities and services to ensure more and more Americans have access to sound financial planning and professional advice.”
This is first appearance on the Inc. 5000 list for Docupace, a company founded at the onset of a digital revolution in 2002. The company’s strong multi-year growth is indicative of the momentum it has been building in recent years – the company closed on the acquisition of jaccomo in May 2021 and announced a new relationship with Ameritas late last year.
“Docupace believes that back office professionals are the unseen heroes of the financial advice, investment and insurance industries,” said Knoch. “As we look to the future of Docupace, we will continue to build or acquire the key capabilities that deliver a unified back-office ecosystem that enables these professionals to turn financial planning into financial planning well-executed.”
2021 Inc 5000 – Flexible and Especially Resilient
Inc. points out that this year’s list of companies proved especially resilient and flexible given 2020’s unprecedented challenges. Among the 5,000, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three 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 www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc., which will be available on newsstands on August 20.
“The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled,” says Scott Omelianuk, editor-in-chief of Inc. “Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we’ve lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people.”
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Methodology
Companies on the 2021 Inc. 5000 are ranked according to percentage revenue growth from 2017 to 2020. To qualify, companies must have been founded and generating revenue by March 31, 2017. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2020. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2017 is $100,000; the minimum for 2020 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 three decimal places. There was one tie on this year’s Inc. 5000. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.
About Docupace
Docupace is a solutions provider focused on digitizing and automating operations in the financial advice and investment industry. Financial services firms use the Docupace Platform (a cloud-based, integrated software suite) to reduce back-office expenses, improve efficiency, strengthen recruiting, and enhance the experience of advisors and investors. With headquarters in Los Angeles, California, Docupace is proud to serve some of the largest independent broker-dealers and registered investment advisers (RIAs) in the financial services industry. For more information, please visit www.docupace.com.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
