FOR IMMEDIATE RELEASE
BURLINGTON, MASSACHUSETTS—August 13, 2020—Chronovo, Inc. has been named one of the nation’s most successful private companies, garnering 1385th placement in Inc. magazine’s Inc. 5000 list for 2020. This ranking of fast-growing independent companies represents important recognition for the most dynamic drivers of the American economy. Previous winners like Intuit, Zappos, Under Armour, Microsoft, Jamba Juice, Timberland, Clif Bar, Pandora, Patagonia, Oracle and other notable alumni gained their first national exposure as honorees on the Inc. 5000. For Chronovo, the elite Inc. 5000 ranking shows an astounding 320.98% rate of growth.
Chronovo CEO Ken Paradis credits his team’s achievement to its clients and an unwavering focus on the win-win nature of structured settlements. “Now more than ever, Chronovo is truly grateful for the growth that our clients, friends and those who trust us with their financial futures have enabled us to achieve. We are humbled by how much of a blessing that faith in us truly is. On a personal note for me, I am also lucky to have a smart, responsive and creative team that has capitalized on our opportunities and brought us another, consecutive year of recognition from Inc. as one of the fastest growing private companies in America.”
This is Chronovo’s second consecutive year being honored by Inc. It is the third company that Ken has led in the past 10 years that has garnered Inc. 500 or 5000 status.
“The companies on this year’s Inc. 5000 come from nearly every realm of business,” notes Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”
The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years.