Consulting and software development company Tamarack Consulting was named one of the fastest-growing private U.S. companies by Inc. 500|5000 for a third year in a row.

Out of 5000 honorees, Tamarack had a growth rate of 160% over the last three years.

“We are honored to make the Inc. list of fastest-grown private U.S. companies for a third year. We believe this accomplishment is demonstrative of our capabilities and the strategic partnerships with our clients,” said Daniel Nelson, founder and president of Tamarack. “Our success is a result of the experience, commitment and passion our team employs within each of our partnerships.”

The 2018 Inc. 500|5000 list of fastest growing companies is ranked according to percentage revenue growth when comparing 2014 to 2017. To qualify, companies must have been founded and generating revenue by March 2014. They must be U.S.-based, privately held, for profit and independent — not subsidiaries or divisions of other companies — as of December 31, 2017. Companies on the Inc. 500 are featured in Inc.’s September issue.

“As we continue to grow, we recognize the importance of recruiting experts in our industry who are as committed as we are, to providing unparalleled service to our clients,” said Nelson. “I am confident these five, highly-skilled individuals will help as we remain dedicated to exceeding our client’s expectations.”

Founded in 2001 and headquartered in the North Loop district of Minneapolis, Tamarack provides software solutions for the equipment finance and commercial lending industry.