Austin, Texas, August 15, 2023 – Inc. magazine revealed that Magnus Technology Group is ranked No. 4064 on its annual Inc. 5000 list, the most prestigious ranking of America’s fastest-growing private companies.
The list represents a unique look at the most successful, dynamic companies in the segment of independent small businesses. The 5000 companies on the list represent the top privately held firms nationwide that have recorded multi-year growth.
Magnus ranks No. 176 in the 2023 Inc. 5000 among companies in the transportation and logistics industry. This is the second consecutive year that Magnus Technologies received a ranking. Over the past three years, growth for the Austin, Texas-based company has accelerated by 112%.
“Being recognized again in the Inc. 5000 list of fast-growth companies is an honor, especially given the recent year’s headwinds in the transportation industry. Many new customers have come to us looking for high-tech solutions to difficult challenges,” said Matt Cartwright, CEO and founder of Magnus, based in Austin, Texas.
Magnus has 20 years of experience developing and deploying enterprise TMS, starting in the auto-hauling industry segment. The company’s enterprise Software-as-a-Service (SaaS)-based TMS platform delivers a complete, end-to-end mobile dispatch and order fulfillment solution to fleets of all sizes in the $700 billion trucking and freight logistics market.
Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify they must have been founded and begun generating revenue by March 31, 2019. They must be U.S.-based, privately held, for-profit, and independent (not subsidiaries or divisions of other companies) as of Dec. 31, 2022. The minimum revenue required for 2022 is $2 million.
Complete results of the Inc. 5000, including company profiles and an interactive database sortable by industry, region, and other criteria, can be found at www.inc.com/inc5000.
About Magnus Technology Group
Magnus Technology Group, headquartered in Austin Texas, has 20 years of experience designing, developing, and delivering enterprise TMS software. Magnus offers an enterprise SaaS-based TMS that is affordable and scalable to fleets of all sizes. The modular platform works seamlessly with the Magnus Driver App and Magnus Carrier Advantage network to deliver a complete, end-to-end mobile dispatch and order fulfillment solution to maximize profitability and growth.
To learn more, visit www.magnustech.com.
About Inc. Media
The world’s most trusted business-media brand, Inc., offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches over 50 million people monthly across various channels, including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced yearly since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States.
The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.