With a Two-Year Revenue Growth of 1726%, NXTsoft Ranks No. 5 on Inc. Magazine’s List of the Southeast Region’s Fastest-Growing Private Companies

Category: Featured , The Bottom Line , Press Release
Author: Karly Field

Birmingham, Ala., March 15, 2022 Inc. magazine today revealed that with a two-year revenue growth of 1726%, NXTsoft is No. 5 on its third annual Inc. 5000 Regionals Southeast list, the most prestigious ranking of the fastest-growing private companies based in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, Puerto Rico, South Carolina, and Tennessee. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Southeast region economy’s most dynamic segment–its independent small businesses.

“NXTsoft is thrilled to be named one of the fastest growing companies in the Southeast,” said David Brasfield, CEO of NXTsoft. “This achievement is a testament to the hard work and dedication of our talented team of employees and because NXTsoft delivers quality APIs to the financial and Fintech community that facilitate connectivity and enable digital transformation,” he said.

The companies on this list show a remarkable rate of growth across all industries in the Southeast region. Between 2018 and 2020, these 173 private companies had an average growth rate of 147% percent and, in 2020 alone, they added 27,794 jobs and nearly $4.9 billion to the Southeast region’s economy. Companies based in the Miami, Florida, Fairhope, Alabama, and Covington, Louisiana, areas had the highest growth rate overall.  

Complete results of the Inc. 5000 Regionals Southeast, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/southeast.

“This year’s Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America’s off-the-charts growth companies. They’re disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you’ll be hearing about for years to come,” says Scott Omelianuk, editor-in-chief of Inc.

About NXTsoft

NXTsoft is headquartered in Birmingham and has offices in Orlando and Denver. NXTsoft is the market leader in secure, comprehensive, and complete workflow API connectivity, connecting fintech companies to banks and credit unions throughout the United States. NXTsoft’s other solutions include data analytics, data management and data migration. NXTsoft’s products and services help businesses secure, connect and optimize their data to maximize revenue opportunities and enhance profitability. For more information visit www.nxtsoft.com, email info@nxtsoft.com or call 1-800-915-3381. 

More about Inc. and the Inc. 5000 Regionals

Methodology

The 2022 Inc. 5000 Regionals are ranked according to percentage revenue growth when comparing 2018 and 2020. To qualify, companies must have been founded and generating revenue by March 31, 2018. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2020 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.

 

March 15, 2022
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