Fast-growing Raleigh software Pendo soars nearly 50 spots to No. 26 on Inc. 5000 list

Date Published:

RALEIGH – New data confirms that Raleigh-based software developer Pendo is one of the fastest growing privately held companies in the US.

Pendo, which is building a new headquarters in downtown and is committed to hiring hundreds of employees, vaulted to No. 26 on the latest Inc. 5000 List.

Inc., which compiles its list based primarily on data provided by companies, says Pendo improved its revenuew growth by 8,901% over the last three years.

Pendo rose from No. 73 in 2019.

Despite the COVID-19’s devastating economic impact on the US economy the Inc. 5000 produced overall more than $209 billion in revenues, reported a median growth rate of 165% and added more than 580,000 employees over the past year.

Original Article Source: WRAL TechWire