Hopkinton, Mass. — August 17, 2020 — PrismHR, the leading HR technology software powering payroll, benefits and HR for small and medium-sized businesses across the U.S. today announced that the company has been named to the Inc. 5000 list of the fastest-growing private companies in America.
The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Intuit, Zappos, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“PrismHR is thrilled to be named to the Inc. 5000 list for the second consecutive year and to be ranked along with so many fast growing, innovative companies,” said Gary Noke, President and CEO of PrismHR. “This past year has been one of tremendous growth for our company and for our HR service provider customers as they support small and medium-size business customers throughout these challenging times.”
PrismHR is the leading provider of software for HR service providers, including Professional Employer Organizations (PEOs) and Administrative Service Organizations (ASOs), who deliver HR, benefits and payroll services to the nation’s small businesses. In addition to its software, the company offers PrismHR Marketplace, which provides access to pre-integrated, validated connections from leading HR application and solution providers, along with insurance and other products.
The 2020 Inc. 5000 is ranked according to percentage revenue growth when comparing 2016 and 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. 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 2016 is $100,000; the minimum for 2019 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.
PrismHR’s mission is to fuel the growth of small and medium-sized businesses (SMBs) across the U.S. Our HR software, combined with our ecosystem of HR service providers, enables SMBs to manage payroll, benefits, and HR, leveling the playing field with large enterprises. Today, PrismHR software delivers world-class HR services to more than 80,000 organizations and over 2 million worksite employees, processing greater than $80 billion in payroll each year. PrismHR is located in Hopkinton, Mass. For more information, visit www.prismhr.com.