Upward Trend: Hubstaff consecutively ascends Inc. 5000 ranking for the second year.
Hubstaff Soars on Inc. 5000 List for Second Consecutive Year
Hubstaff, the Indianapolis-based remote work software company, has once again made a significant impact on the business world, securing a spot on the prestigious Inc. 5000 list for the second year in a row. This year, the company skyrocketed to #852, marking a significant improvement from its debut at #1352 last year.
Founded by Dave Nevogt and Jared Brown in 2012, Hubstaff began as a simple time tracking tool. However, the company's growth trajectory changed dramatically with the launch of Hubstaff Tasks - an Agile project management app that seamlessly integrated smart time tracking with project management features. This expansion into task and project management has been instrumental in attracting more users and increasing customer retention.
Hubstaff Tasks offers tools for organizing and prioritizing work, enhancing team collaboration and efficiency. It utilizes Kanban-style project boards and sprints, making it an ideal solution for businesses, including remote teams. The app has been a gamechanger for many customers, according to Hubstaff's CTO and co-founder, Jared Brown.
In addition to the launch of Hubstaff Tasks, the company has continued to innovate, enhancing payroll customization, adding smart notifications, and simplifying record keeping through exportable audit logs. These improvements have made Hubstaff more attractive to businesses of all sizes, from freelancers and agencies to large corporations in various industries.
As a result of these developments, Hubstaff now serves over 34,000 business customers worldwide. The company's sales growth over the past three years has been a staggering 498%.
Hubstaff's CEO and co-founder, Dave Nevogt, expressed his gratitude to customers for the continued growth of the company, stating, "Our customers are working hard to grow their businesses every day, and we're proud to play a part in their success."
The Inc. 5000 list, now in its 40th year, is a unique look at the most successful companies blazing trails in the American economy's most dynamic segment - independent small and mid-sized businesses. Previous honourees include companies like Microsoft, Dell, LinkedIn, and Yelp in their first national exposure. Hubstaff made its first appearance in the top 1,000 companies this year.
With a team of over 50 members, all working remotely in 20 countries, Hubstaff continues to make waves in the remote work industry. The company's growth is a testament to the power of innovative software solutions and the growing demand for remote work tools in today's business landscape.
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