SCRA Graduate Company, TerraStride, Ranks as South Carolina’s Fastest Growing Software Company
Thursday, September 3rd, 2020
South Carolina Research Authority (SCRA’s) SC Launch, Inc. Graduate Portfolio Company, TerraStride, Inc., made Inc. Magazine’s list of the 5,000 fastest-growing private companies in America for 2020.
TerraStride is 624th on the list for the US, fourth overall in the state of South Carolina, and also achieved a 751% growth in revenue from 2016 to 2019. It is the fastest-growing software company in the state to be listed by Inc., and the sixth fastest-growing software company in the South Carolina, North Carolina, and Georgia markets.
“We are extremely honored and humbled to have made the list this year. This ranking is a validation of a huge amount of dedicated and sustained work from everyone on our team. Without question, this was a group effort and I’m extremely proud to work with so many talented people who are experts at what they do,” said TerraStride CEO, Lanford Holloway.
“We are excited for TerraStride to receive this well-deserved recognition,” said SCRA Investment Manager, Lee MacIlwinen. “As one of our leading Portfolio Companies, having received two investments from SC Launch, Inc., TerraStride has demonstrated strong revenue and employee growth, and continues to support the entrepreneurial ecosystem here in the Midlands of South Carolina.”
The prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the US. The annual event honoring the companies on the list will be held virtually.