LogicSource's Triumph: A Five-Time Inc. 5000 Honoree!

NEW YORK, NY – LogicSource, the trailblazing leader in procurement and spend management, is once again celebrating a monumental achievement! For an impressive fifth time, the company has proudly landed a coveted spot on the annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America.

This consistent recognition isn't just a number; it's a powerful testament to LogicSource's unwavering commitment to innovation, client success, and sustainable growth within the dynamic landscape of modern business.

Securing the No. 3770 position on the 2024 list, LogicSource showcased an astounding three-year revenue growth of 150%.

This remarkable performance builds on a legacy of consistent excellence, marking their fifth appearance on the Inc. 5000 roster, following previous inclusions in 2017, 2018, 2019, and 2020. Such repeated recognition underscores the company's resilience, strategic foresight, and the profound impact of its unique value proposition.

David Pennino, CEO and Founder of LogicSource, beamed with pride as he reflected on this significant milestone.

"To be recognized on the Inc. 5000 list five times is an extraordinary honor that speaks volumes about the incredible dedication of our entire team and the profound trust our clients place in us," he stated. "Our continued growth is a direct result of our relentless pursuit of innovation, particularly through our 'Source-to-Contract' technology, OneMarket, and our groundbreaking 'Procurement as a Service' (PaaS) solution.

We are not just helping companies save money; we are transforming their operations and empowering them to achieve greater efficiencies and strategic advantage."

LogicSource's distinctive approach combines deep domain expertise with cutting-edge technology. Their holistic, data-driven methodology provides clients with comprehensive spend management solutions, empowering organizations to unlock significant savings, enhance operational efficiencies, and gain unparalleled visibility into their indirect spend.

The OneMarket platform, central to their offering, provides a seamless, integrated ecosystem for managing the entire procurement lifecycle, from sourcing and contracting to category management and supplier relationship optimization.

The company’s Procurement as a Service (PaaS) model stands out as a game-changer, offering businesses a flexible and scalable alternative to traditional in-house procurement.

By leveraging LogicSource's expertise and technology, clients can transform their procurement functions into strategic assets, driving sustainable value and fostering innovation without the burden of extensive internal resources.

The Inc. 5000 list, compiled by Inc. Media, is more than just a ranking; it’s a definitive benchmark of entrepreneurial success.

Companies are ranked according to their percentage revenue growth over a three-year period, requiring them to be U.S.-based, privately held, for-profit, and independent. The list celebrates the true economic engine of America – its independent small and mid-sized businesses – highlighting their vital role in driving job creation and innovation across diverse industries.

This fifth consecutive honor on the Inc.

5000 list serves as a powerful validation of LogicSource's unwavering mission to redefine procurement. With a focus on delivering tangible results, fostering deep client relationships, and continually pushing the boundaries of technology, LogicSource is poised to continue its remarkable growth trajectory, setting new standards for excellence in the procurement and spend management sector.