Two-Year Revenue Growth of 273% Earns Onit Recognition as One of the Fastest-Growing Private Companies in Texas
Onit, Inc., a leading provider of enterprise workflow and artificial intelligence platforms and solutions, including enterprise legal management, contract lifecycle management and business process automation, today announced that Inc. has ranked it #44 on its 2021 Inc. 5000 Regionals list for Texas. The award ranks the top 250 fastest-growing companies in the state.
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This marks the second consecutive year Onit has earned this recognition. The company recorded a two-year revenue growth of 273%, which propelled it from #70 in 2020 to #44 in 2021.
“This award for fast growth is significant, given the challenges we faced during 2020 with the pandemic. Being among the 250 fastest-growing companies in Texas further validates our strategy of focusing on our customers and continually fostering innovation,” commented Eric M. Elfman, CEO and co-founder of Onit.
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“This list proves the power of companies in Texas no matter the industry,” said Inc. editor-in-chief Scott Omelianuk. “The impressive revenues and growth rates prove the insight and diligence of CEOs and that these businesses are here to stay.”
This recognition is yet another honor for Onit, which won more than 15 awards in 2020, including:
– A listing on the Inc. 5000 for the fifth consecutive year with a ranking of #737 and three-year growth of 641%
– Landing on the Deloitte Fast 500 at #190
– Earning a #9 ranking on the Houston Business Journal Fast 100 list
– Attaining a ranking of a leader in the IDC MarketScape reports for Enterprise Legal Spend Management and Matter Management
– Winning the Association of Corporate Counsel Value Champion award with customer Pearson and partner Morae Global
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