WESTPORT, Conn., Aug. 13,
2024 /PRNewswire/ -- LogicSource, a leader in
procurement services and technology, announced today the company
has once again been ranked on the annual Inc. 5000 list of
fastest-growing private companies.
The prestigious ranking provides a data-driven look at the most
successful companies within the economy's most dynamic segment—its
independent, entrepreneurial businesses. LogicSource secured #3433
on the 2024 list, supported by 149% revenue growth over the past
three years.
"Our ongoing recognition by Inc. reflects the trust of our
clients and the innovative spirit that drives our teams and
organization to excel on their behalf," said David Pennino, CEO of LogicSource. "Over the
past few years, we have made the commitment to push into new
verticals, enhance our operational structure and capacity with new
nearshore capabilities, and invest in veteran category experts for
to strengthen our Center of Excellence, and we are proud to see the
hard work pay off."
As a forward-thinking supply chain leader, LogicSource helps the
world's leading organizations optimize their indirect expenditures
to drive efficiencies and deep bottom-line improvements. With an
expansive portfolio across diverse industries including retail,
consumer packaged goods and healthcare, LogicSource supports
businesses by helping reduce spending in overlooked areas that
consume more than 20% of an organization's total revenue.
LogicSource's clients include notable brands such as lululemon,
Tractor Supply, and WellSpan Health.
LogicSource has an impressive history of performance and growth
as demonstrated through multiple recognitions from Inc. 5000,
Financial Times, Spend Matters, IDC, and Everest Group. The company
delivers best-in-class Procurement-as-a-Service and OneMarket®
technology and remains committed to serving its growing client base
with tailored solutions backed that drive measurable and
sustainable profit improvement, year after year.
"One of the greatest joys of my job is going through the Inc.
5000 list," says Mike Hofman, who
recently joined Inc. as editor-in-chief. "To see all of the
intriguing and surprising ways that companies are transforming
sectors, from health care and AI to apparel and pet food, is
fascinating for me as a journalist and storyteller. Congratulations
to this year's honorees, as well, for growing their businesses fast
despite the economic disruption we all faced over the past three
years, from supply chain woes to inflation to changes in the
workforce."
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.
All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the
new issue of Inc. magazine, available on newsstands
beginning Tuesday, August 20.
To learn more about LogicSource,
visit https://logicsource.com/.
About LogicSource
The innovative leader in procurement
services and technology, LogicSource is purpose-built to drive
profit improvement, mitigate risk, and ensure supply chain
continuity through better buying. LogicSource focuses exclusively
on the sourcing and procurement of indirect goods and services,
which typically represent 20% of an organization's revenue and the
area of greatest spending inefficiency. These include complex
categories like marketing, packaging, corporate services,
facilities, information technology, distribution and logistics and
more, for which organizations often lack the capacity, focus and
scale to achieve best-in-class buying. Unlike traditional
advice-based consultants, LogicSource is a purpose-built buying
utility with assets that are configurable to their clients' needs
and ready to deploy. By combining decades of sourcing and
procurement expertise, superior market intelligence,
cross-portfolio spending leverage, and their OneMarket®
Source-to-Pay technology, LogicSource executes customized solutions
that deliver immediate savings and sustainable value. For more
information visit www.logicsource.com.
About Inc. Media
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.
Media Contact:
Colin Gilmore
colin.gilmore@logicsource.com
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SOURCE LogicSource