PHILADELPHIA, Pa. –August 14, 2019– Inc. magazine ranked STRATIS IoT on the 2019 Inc 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. STRATIS ranked 740th in its second consecutive year, moving up 148 spots. Only one in four companies ever achieves multiple years on the Inc 5000.
In the past year, STRATIS has seen unprecedented growth with a 30% increase in units installed, currently totaling nearly 325,000 units in the U.S. and 18,000 internationally. With a new international expansion strategy, the company intends to meet intensifying global demand.
According to COO Sean Hawley, “STRATIS is targeting three times 2018 revenue with a commensurate increase in total units serviced. The current goal is to hit 500,000 units installed by the end of 2020.”
Crowning a year of unrivaled milestones, STRATIS also achieved SOC2 compliance in March, signifying its commitment to security and protection of user data. As the only SOC2 certified solution in the market, STRATIS plans to set and raise the IoT multifamily security standard again in 2019 with additional certifications for Trust Services Criteria, and compliance with CCPA and GDPR privacy regulations.
Co-Founder and CEO Felicite Moorman stated in response to the news, “Climbing the List so quickly represents an incredible Team effort. It’s directly attributable to the Team’s tenacity and brilliance, combined with readiness and recognition by the Multifamily and Student Housing markets. We are just hitting our stride, as the market is awakening to the power, profitability, and potential of the only Sidewalk to SofaTM experience.”
Moorman also credits STRATIS’ exponential growth to partnerships with some of the world’s most innovative hardware providers, such as Allegion and Schlage for electronic access and Bluetooth Low Energy door locks, Resideo and its Honeywell Home-branded smart thermostats and leak detectors, and Leviton for smart lighting and groundbreaking connected load center solutions.
“STRATIS enables all access points and smart devices for a property on a single mobile application. We continue to build and expand upon the most user-friendly, energy-efficient, operationally effective, and secure experience for our Residents, Property Managers, and stakeholders. Smart apartments remain a popular industry trend, but STRATIS builds beyond the trends, to create future-proof, intelligent buildings,” Moorman said.
More about Inc. and the Inc. 5000
The 2019 Inc. 5000 is ranked according to percentage revenue growth when comparing 2015 and 2018. To qualify, companies must have been founded and generating revenue by March 31, 2015. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2015 is $100,000; the minimum for 2018 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/inc5000.
About Inc. Media
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Inc. took home the National Magazine Award for General Excellence in both 2014 and 2012. The total monthly audience reach for the brand has been growing significantly, from 2,000,000 in 2010 to more than 20,000,000 today. For more information, visit www.inc.com.
The Inc. 5000 is a list of the fastest-growing private companies in the nation. Started in 1982, this prestigious list has become the hallmark of entrepreneurial success. The Inc. 5000 Conference & Awards Ceremony is an annual event that celebrates the remarkable achievements of these companies. The event also offers informative workshops, celebrated keynote speakers, and evening functions.
For more information on Inc. and the Inc. 5000 Conference, visit http://conference.inc.com/.