ConnectM Ranks No. 104 on the Inc. 5000
August 13 2024 - 8:30AM
Inc. announced today that ConnectM Technology Solutions, Inc.
(Nasdaq: CNTM) ("ConnectM"), a technology company focused on the
electrification economy, has secured the No. 104 spot on its
prestigious Inc. 5000 list, which ranks the fastest-growing private
companies in America. In addition, ConnectM ranked No. 5 among
energy companies and No. 4 in Massachusetts. This recognition
highlights ConnectM’s exceptional growth and innovation within the
technology sector, marking its third consecutive year on this
esteemed list.
Over the past three years, ConnectM has achieved remarkable
growth of 1,200%. In 2023, the company ranked No. 636 with a 916%
revenue increase from 2020 to 2022, and in 2022, it secured No. 772
with an 822% growth rate from 2019 to 2021. This consistent upward
trajectory underscores ConnectM’s resilience and adaptability in a
rapidly changing market.
"Being named to the Inc. 5000 list for the third year in a row
is a testament to the dedication and hard work of our team," said
Bhaskar Panigrahi, Chairman and CEO of ConnectM. "Our steady growth
underscores our commitment to advancing energy technologies,
delivering exceptional value to our customers, and helping them
achieve their net-zero goals. We are honored to be recognized among
such a distinguished group of companies that are shaping the
future."
The Inc. 5000 class of 2024 features companies that have driven
rapid revenue growth while navigating challenges such as
inflationary pressures, rising capital costs, and hiring
challenges. Among the top 500 companies, the average median
three-year growth rate stands at 1,637%. Collectively, this year’s
Inc. 5000 companies have added 874,458 jobs to the U.S. economy
over the past three years.
“One of the greatest joys of my job is going through the Inc.
5000 list,” says Mike Hofman, who recently joined Inc. as
editor-in-chief. “To see all of the intriguing and surprising ways
that companies are transforming sectors, from health care and AI to
apparel and pet food, is fascinating for me as a journalist and
storyteller. Congratulations to this year’s honorees, as well, for
growing their businesses fast despite the economic disruption we
all faced over the past three years, from supply chain woes to
inflation to changes in the workforce.”
This recognition places ConnectM alongside other notable alumni
such as Facebook, Chobani, Under Armour, Microsoft, and Patagonia,
who also gained early national exposure through the Inc. 5000.
For complete results of the Inc. 5000, including company
profiles and an interactive database that can be sorted by
industry, location, and other criteria, go to
www.inc.com/inc5000.
About ConnectM Technology Solutions, Inc.
ConnectM is at the forefront of advancing the electrification
economy, integrating electrified energy assets with its AI-driven
technology solutions platform. Serving residential and light
commercial buildings, as well as all-electric original equipment
manufacturers (OEMs), ConnectM’s proprietary platform accelerates
the transition to solar and all-electric heating, cooling, and
transportation. By leveraging technology, data, artificial
intelligence, contemporary design, and behavioral economics,
ConnectM aims to make electrification more user-friendly,
affordable, precise, and socially impactful. The company’s
vertically integrated approach includes wholly-owned service
networks and a comprehensive technology stack, enabling customers
to reduce their reliance on fossil fuels, lower energy costs, and
minimize their carbon footprint. ConnectM is headquartered in
Marlborough, Massachusetts.
For more information, please visit: www.connectm.com
Contact:MZ North America(203)
741-8811ConnectM@mzgroup.us
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