NetDocuments Makes 2023 Inc. 5000 List of Fastest-Growing Private Companies, Moves up 476 Positions

August 15, 2023
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Today, Inc. revealed that NetDocuments, the world’s #1 trusted cloud platform where legal professionals do their best work, is for the second consecutive year included on its Inc. 5000 list, the annual ranking of the fastest-growing private companies in America. Inc. 5000 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.

NetDocuments’ journey and growth as acknowledged in the latest Inc. 5000 milestone are directly attributable to the success of its customers and their ability to innovate and demonstrate resilience to prosper in the legal profession.

As CEO Josh Baxter explains, perseverance, commitment, innovation, and teamwork are core to NetDocuments’ DNA: "We are relentlessly dedicated to fostering a corporate and customer culture of communication and listening, inclusion, honesty, and delivering innovation that best positions our customers with their clients. Whether it’s engaging our law firm, corporate legal and public sector customers to address security, governance, and privacy concerns with our award-winning platform, or working together to deliver groundbreaking responsible AI solutions purpose-built for legal professionals, we will never lose sight of the customer teamwork and trust it took to build this business."

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.

"As Inc. continues to recognize our growth, we will continue to invest alongside our customers as they push the envelope with cloud and AI innovation, by providing the #1 legal cloud platform where legal professionals do their best work," noted Baxter.

"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."

For complete results of the 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.

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About NetDocuments
NetDocuments is a leading cloud-based content management and productivity platform that helps legal professionals do their best work. Backed by over 25 years of experience in cloud innovation, NetDocuments offers a complete end-to-end platform for document and email organization and management, including award-winning automation and research capabilities; robust security, collaboration, and search technologies; seamless integrations with other tools professionals use daily; and a suite of large language model AI-powered solutions with the security and guardrails to manage AI responsibly. NetDocuments supports over 7,000+ law firms, corporate legal departments, and public sector entities globally. Learn more about NetDocuments.

More about Inc. and the Inc. 5000

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. For more information on the Inc. 5000 Conference & Gala, slated for October 31 - November 2 in San Antonio, visit conference.inc.com.

NetDocuments media contact:
Jobst Elster, Envision Agency
elster@envisionagency.com
+1 (850) 459-4947