Latch Named to Inc. Best-Led Companies List
Inaugural List Highlights Market Penetration, Performance and Value Creation, Customer Engagement, and Leadership
NEW YORK, Nov. 23, 2021 (GLOBE NEWSWIRE) -- Latch, Inc. (NASDAQ: LTCH) (“Latch” or the “Company”), maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, today announced it has been named to the inaugural Inc. Best-Led Companies list. To determine the 250 best-led mid-market companies in America, Inc. analyzed 1.3 million data points from more than 10,000 companies.
“At Latch, we take pride in our ability to provide holistic products that transform the way people experience the places they live, work, and visit,” said Luke Schoenfelder, Latch Co-Founder, CEO, and Chairman of the Board of Directors. “The recognition from Inc. is a testament to the hard work, dedication, and focus of our team and our ability to deliver an unmatchable end-user experience for the property owners, operators, and residents we serve.”
The 2021 Inc. Best-Led Companies list recognizes 250 companies that are “agile enough to maneuver, but also big enough to have a broad impact.” To compile the list, Inc. evaluated private and public U.S.-based companies with 2020 revenue of $50 million to $2 billion or a valuation of $50 million to $10 billion using a proprietary 12-point measure of management excellence generated with input from partners at Pitchbook and Shango Labs.
Applicants were analyzed via an algorithm, along with Inc.’s editors, to identify the very best companies according to their leadership teams’ superlative accomplishments in four key areas:
- Performance and value creation
- Market penetration
- Customer engagement
- Talent and leadership team
The full list of Inc. 2021 Best-Led Companies is available here: https://www.inc.com/best-led-companies/2021
About Latch, Inc.
Latch makes spaces better places to live, work, and visit through a system of software, devices, and services. More than one in ten new apartments in the U.S. are currently being built with Latch products, serving customers in more than 43 states through its flagship full-building operating system, LatchOS. For more information, please visit https://www.latch.com.
This release contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding adoption of Latch’s technology and products. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "would," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Forward-looking information includes, but is not limited to, statements regarding: the Company’s future products, performance, and operations, and the related benefits to shareholders, customers, and residents and the Company’s strategy. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including Latch’s ability to implement business plans and changes and developments in the industry in which Latch competes. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of our Registration Statement on Form S-1 filed with the SEC on June 25, 2021 and other documents filed by Latch from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. The Company does not give any assurance that it will achieve its expectations.