Minneapolis, March 16, 2021 – Inc. Magazine today revealed that Coherent Solutions is No. 242 on its 2021 Inc. 5000 Regionals: Midwest list, the most prestigious ranking of the fastest-growing private companies 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. Coherent Solutions is one of 21 companies headquartered in Minnesota and only one of two companies named in the IT Systems Development category statewide.
“In a year when every individual and business across the globe felt the challenges of COVID-19, faced multiple political and financial issues, this award represents our team’s ability to come together,” says Coherent Solutions CEO Igor Epshteyn. “It celebrates your hard work, professionalism, and your ability to put the team above self. A huge thank you to our entire global team.”
Between 2017 and 2019, these 250 private companies had an average growth rate of 199 percent, and, in 2019 alone, they employed more than 43,000 people and added more than $11 billion to the Midwest economy. Companies based in the Chicago, Detroit, and Cincinnati areas brought in the highest revenue overall.
“This list proves the power of companies in Midwest states no matter the industry,” says Inc. editor-in-chief Scott Omelianuk. “The impressive revenues and growth rates prove the insight and diligence of CEOs and that these businesses are here to stay.”
For more information on Inc. 5000 Regionals: Midwest, visit https://www.inc.com/inc5000/regionals/midwest.