Wavicle News

Wavicle Data Solutions Secures No. 24 Spot on Inc. Magazine’s Inaugural List of the Midwest’s Fastest Growing Private Companies

Date: Friday April 17, 2020

Author: Ronda Duncan


The Inc. 5000 Series: Midwest recognizes Chicago-based data and analytics services company, Wavicle, for its explosive 703% two-year growth



CHICAGO (April 17, 2020) – Chicago-based Wavicle Data Solutions, a leading provider of cloud engineering services, data management consulting, and data science and visualization services, today announced it has ranked number 24 on Inc. Magazine’s inaugural Inc. 5000 Series: Midwest. Wavicle’s impressive placement adds to a growing list of accomplishments and milestones, including placing on Inc.’s national Inc. 500 list in September 2019.


“We are thrilled and honored to be recognized by Inc. Magazine as one of the fastest-growing companies in the Midwest,” stated Naveen Venkatapathi, president of Wavicle Data Solutions. “Our team has tirelessly worked to deliver the most innovative, customized data and analytics solutions to some of the largest companies around the globe. Their hard work and focus on our customers’ needs has helped catapult our success.”


Over the last year, Wavicle has announced numerous achievements including the launch of a new data and analytics hub in India, the expansion of its Chicago headquarters, the addition of several new Chicago-area brands to its client roster, the securing of several new partnerships, and the launch of ActiveDeliver™, Wavicle’s new third-party food delivery analytics platform for large restaurant groups and quick service restaurants.


According to Inc., the companies on their inaugural Inc. 5000 Series: Midwest list show stunning rates of growth across all industries in the 12 Midwest states. Between 2016 and 2018, the 250 private companies listed had an average growth rate of 360 percent, and, in 2018 alone, they employed more than 27,000 people and added $13 billion to the Midwest’s economy. Companies based in the Chicago, Detroit, and Cincinnati areas brought in the highest revenue overall.


Complete results of the Inc. 5000 Series: Midwest, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at https://www.inc.com/inc5000-series-midwest-2020.html.


“The companies on this list demonstrate just how much the small-business sector impacts the economies of each Midwest state,” says Inc. editor-in-chief Scott Omelianuk. “Across every single industry, these businesses have posted revenue and growth rates that are beyond impressive, further proving the tenacity of their founders and CEOs.”



Wavicle Data Solutions is a cloud, data, and analytics solution specialist. From data integration services and cloud migration consulting to dashboard development and data analytics consulting, Wavicle’s professionals span the globe to enable and empower data-driven enterprises. Wavicle combines its expertise in data engineering and architectures with artificial intelligence and machine learning concepts to help enterprises imagine new ways to manage costs, increase sales, and become more efficient. Wavicle was recognized on the Inc. 5000 list of fastest-growing private companies in America for four years running. For more information about Wavicle Data Solutions’ offerings for large organizations that want to get more value from their massive volumes of growing data, please visit https://wavicledata.com.






The 2020 Inc. 5000 Regional Series is ranked according to percentage revenue growth when comparing 2016 and 2018. To qualify, companies must have been founded and generated revenue by March 31, 2016. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2018. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2018 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.


About Inc. Media


The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit https://www.inc.com.