NEW YORK, August 25, 2014 — Inc. magazine today named MassPay to its 33rd annual Inc. 5000 list, an exclusive ranking of the nation’s fastest-growing private companies. MassPay had three year sales growth of 150%. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Companies such as Yelp, Pandora, Timberland, Dell, Domino’s Pizza, LinkedIn, Zillow, and many other well-known names gained early exposure as members of the Inc. 5000.
Jason Maxwell, Founder and President of MassPay, said “It’s very rewarding to be recognized for our amazing growth. Being named to the list on the eve of our 10th year in business is testimony to our team’s dedication to personalized service and our ability to meet the payroll and HR needs of our customers. I look forward to our continued growth and moving up in the rankings next year.”
The 2014 Inc. 5000 list, announced online at Inc.com, is the most competitive crop in the list’s history. The Inc. 5000’s aggregate revenue is $211 billion, generating 505,000 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 http://www.inc.com/inc5000.
Founded in 2004, MassPay offers small and mid-sized businesses a full suite of services to support their payroll, insurance and human resources needs, including web-based and paperless payroll; workers’ compensation; property and casualty insurance; human resource services; and time and attendance administration. MassPay’s experienced staff creates human capital management programs that are custom-designed to meet individual client needs. Based in Beverly, MA, and with an office in Portsmouth, NH, MassPay specializes in employer compliance issues and services clients in all 50 states. For more information, visit www.masspay.net.
The Inc. 5000 – Methodology
The 2014 Inc. 5000 is ranked according to percentage revenue growth when comparing 2010 to 2013. To qualify, companies must have been founded and generating revenue by March 31, 2010. They had to be U.S.-based, privately held, for profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2013. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2010 is $100,000; the minimum for 2013 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. 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/5000.