KNOXVILLE, Tenn.--(BUSINESS WIRE)--Inc. magazine today revealed that RDI Technologies is No. 33 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. Inc. also ranks RDI Technologies as the No. 1 manufacturing company on its list and the No. 2 company in Tennessee.
The list represents a unique look at the most successful companies within the American economy’s most dynamic segment—its independent small businesses. Microsoft, Dell, Domino’s Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
“When we started this company a few years ago, we knew the technology was a game-changer,” said Jeff Hay, Founder and CEO of RDI Technologies. “We also recognized that great technology alone doesn’t necessarily make a great company.”
“To do what RDI Technologies has done in such a short time required a talented team with a diverse skill set,” said Bob Wilson, President.
RDI Technologies utilizes the millions of pixels in today’s modern cameras to measure deflection, displacement, movement, and vibration not visible to the human eye. The company’s proprietary products and software convert those millions of pixels into individual data points, measuring extremely small motion with a high degree of accuracy. It then displays the results in a video that brings the problems to life in a visual form.
“Our products discern what is moving from what isn’t and convert that motion to a level visible to the human eye,” Hay said. “By detecting subtle motion and enhancing it, we show users where issues are developing and help them understand the interrelationships between the machinery that creates the motion. It quickly takes you from seeing the problem and moves you to a solution to fix it.”
“This technology is truly a platform technology,” added Jenna Johns, COO. “We are thrilled with the success we have had in the Industrial market but are even more excited about all of the other opportunities and markets that lie ahead for what we have created.”
Not only have the companies on the 2019 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists. The 2019 Inc. 5000 achieved an astounding three-year average growth of 454 percent, and a median rate of 157 percent. The Inc. 5000’s aggregate revenue was $237.7 billion in 2018, accounting for 1,216,308 jobs over the past three years.
The annual Inc. 5000 event honoring the companies on the list (which can be found at www.inc.com/inc5000 and on newsstands in September) will be Oct. 10 - 12, 2019, at the JW Marriott Desert Ridge Resort and Spa in Phoenix, Arizona. Speakers at this year’s event include some of the greatest innovators and business leaders of our generation.