The B2B eCommerce and digital catalog management company joined other fast-growing companies on the list which had an average growth rate of 134.06 percent.
MINNEAPOLIS, MN, February 27, 2024 /24-7PressRelease/ -- Inc. magazine today revealed that Channel Software is No. 166 on its fourth annual Inc. 5000 Regionals: Midwest list, the most prestigious ranking of the fastest-growing Midwest private companies, based in Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Midwest economy's most dynamic segment– its independent small businesses.
"It's quite exciting that for a second year in a row Channel Software is being acknowledged as one of the fastest-growing Midwest companies," noted Curt Olson, President of Channel Software. "This acknowledgment reflects the effort and commitment of our talented team, who have fully prioritized our client's success. With this achievement, we further our goal to be the leading provider of integrated B2B eCommerce software that empowers our industrial companies to increase their revenue, leverage their technology spend, and deepen their customer relationships."
The companies on this list show a remarkable rate of growth across all industries in the Midwest region. Between 2020 and 2022, these 172 private companies had an average growth rate of 134.06 percent; by 2023, they'd also added 14,830 jobs and $24.5 billion to the region's economy.
Complete results of the Inc. 5000 Regionals: Midwest, including company profiles can be found at inc.com/Midwest starting February 27, 2024. You'll also find an interactive database that can be sorted by industry, metro area, and other criteria.
"The honorees in our Inc. 5000 network are the Who's Who of private companies. They're energizing regional economies as they engineer the future of their industries. Learn who they are and what they do — they'll be impacting things for a while," said Eric Hagerman, Special Projects Editor at Inc. Media.
Channel Software Inc. is a U.S.-based company that provides B2B eCommerce software solutions to wholesale, distribution, manufacturers, manufacturer rep, field ordering, and IoT clients. Their flagship product, the CSX eCommerce platform, is a comprehensive software suite that simplifies the complexities of B2B eCommerce. The platform offers features that include an ERP-integrated commerce engine, eCommerce PIM, website CMS, customer management console, site search, real-time data analytics, and a cloud-hosted environment making it an ideal choice for industrial businesses looking to streamline their operations and grow revenue.
Channel Software is regarded for its commitment to customer service and satisfaction. The company's customers regularly cite its fast response time and technical expertise for support. Clients consistently commend Channel Software's dedication to their success while ensuring that the CSX eCommerce platform delivers for their specific needs.
More about Inc. and the Inc. 5000 Regionals
Methodology
The 2024 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2020 and 2022. To qualify, companies must have been founded and generating revenue by March 31, 2020. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2022. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2020 is $100,000; the minimum for 2022 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
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 websites, 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 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
About Channel Software
Channel Software strives to be the leading provider of integrated, B2B eCommerce software and services enabling companies of all sizes to increase sales, optimize their technology investment, and strengthen customer relationships. Since 2001, our CSX eCommerce software architecture and its powerful software logic have been serving the complicated B2B eCommerce needs of forward-thinking distributors and manufacturers. Over the years our suite of eCommerce software products and tools has helped define the B2B eCommerce category as it exists today. Learn more at channelsoftware.com.
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