Teal Ranks No. 4492 on the 2023 Inc. 5000 Annual List

Minneapolis, MN, August 15, 2023 – Inc. revealed today that Teal, formerly known as TechGen, ranks No. 4492 on the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other household name brands gained their first national exposure as honorees on the Inc. 5000.

"Our success is the result of our team members who care deeply about providing great service to our clients. I’m extremely excited we made the 2023 Inc. 5000 fastest-growing private companies list!"

The Inc. 5000 class of 2023 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate ticked up to an astonishing 2,238 percent. In all, this year’s Inc. 5000 companies have added 1,187,266 jobs to the economy over the past three years.

For complete results of the 2023 Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available on newsstands beginning Tuesday, August 23.

“Running a business has only gotten harder since the end of the pandemic,” says Inc. editor-in-chief Scott Omelianuk. “To make the Inc. 5000—with the fast growth that requires—is truly an accomplishment. Inc. is thrilled to honor the companies that are building our future.”

The Launch

Teal recently launched their brand by unveiling their new website on September 26th. Interested parties are encouraged to visit the website to review Teal’s services and the industries it serves. For more information on Teal, please get in touch with Brittany Watson at (703) 740-8797 or by email at brittany.watson@tealtech.com.

About Teal

Teal provides exceptional managed IT solutions for small- to medium-sized organizations that value real partnerships and elevated security – strategically accelerating their partner’s growth and protecting them from evolving digital threats. With over two decades of experience, Teal enriches lives by delivering ultra-responsive services, prioritizing integrated cybersecurity, and investing in their staff.

Small business leaders deserve to optimize their technology investments and empower their teams with an award-winning partner who genuinely cares about their success. For more information, visit the Teal website or follow @TealMSP on LinkedIn,Facebook, Twitter, and YouTube.

More about Inc. and the 2023 Inc. 5000 List

Methodology

Companies on the 2023 Inc. 5000 are ranked according to percentage revenue growth from 2019 to 2022. To qualify, companies must have been founded and 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 December 31, 2022. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2019 is $100,000; the minimum for 2022 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places.

About Inc.

Inc. Business Media is the leading multimedia brand for entrepreneurs. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.’s award-winning work reaches more than 50 million people across a variety of channels, including events, print, digital, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced every year since 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, gives the founders of top businesses the opportunity to engage with an exclusive community of their peers, and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com.

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