UV50 Fastest-Growing Companies: No. 5 Awardco

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THREE-YEAR GROWTH 2,183%
2019 REVENUE $24.9 million
CITY Orem
FOUNDED 2015
EMPLOYEES 79
INDUSTRY Employee recognition/engagement/awards
WEBSITE Award.co
FOUNDER Steve Sonnenberg, 39
THE COMPANY An employee-recognition software platform that has partnered with Amazon Business.

WHAT A RUN Last year’s No. 1 winner of the UV50 is more powerful than ever. The $25-million company has redefined its industry and teamed up with Amazon Business to offer companies innovative and streamlined ways to reward and motivate employees to excel, recognize, and conquer.

GOALS “Continue to organize the world’s incentive spend through increased growth and capabilities.”

ADVICE “Build a 3-year financial model. It will always be wrong, but as you work weekly to understand it you’ll continue to build something solid.”

AS LUCK WOULD HAVE IT

Roll-The-Dice Moment “When we first started Awardco, Amazon was not on board with our business model. Despite this setback we moved ahead, believing in our model and our ability to innovate. A few years later, after Amazon saw what we were doing and how successful it was, we established a partnership and Amazon gave us additional resources to integrate with all their warehouses around the world.”

Fortune Cookie Forecast “Recognize others often and it will always come back full circle.”

| Click here to read about all the 2020 winners |

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