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Austin firms noted for fast revenue growth
Rankings by Inc. magazine and & Touche feature not-so-big local businesses.
AMERICAN-STATESMAN STAFF
Thursday, August 24, 2006
Nine Austin companies made Inc. magazine's annual list of the 500 fastest-growing private companies, one barometer of the city's entrepreneurial spirit. And 19 made Deloitte & Touche's list of the 50 fastest-growing companies in Texas.
Austin accounted for almost a third of the Texas listings on the Inc. list, which ranks companies based on three-year sales growth.
The companies aren't large. The highest-ranked Austin company, nFusion Group LLC, has 62 employees and revenue last year of $22.9 million. Coast to Coast Tickets has 32 workers and revenue of $8.7 million.
But to make this list, what matters is how quickly that revenue has been growing. For nFusion, the answer was 922 percent over three years; Coast to Coast said its sales rose 915.4 percent in that period.
The full local Inc. list:
•85. nFusion Group, an advertising agency
•86. Coast to Coast Tickets, which runs an online market for
concert and sporting event tickets
•135. Renew Data Corp., which handles document preservation
for law firms
•154. Infoglide Software Corp.
•177. Myriad Development Inc., a software company
•211. NetQoS Inc., which makes network management software
•224. Greenleaf Book Group LLC, which publishes and distributes
books for authors and small presses
•301. Convio Inc., which helps nonprofits raise money using
the Internet
•482. QuantumDirect Inc., an advertising and marketing firm.
Some on the Inc. list also are on the Deloitte list, which ranks companies, public and private, based on five-year revenue growth.
There were 13 local companies on last year's list.
The highest-ranking local company on Deloitte's 2006 list is No.
4 Molecular Imprints Inc., which makes lithography machines that
can produce very small products such as nanotech devices and semiconductors.
Also in the top 10 are 360training, No. 6; NetQoS, No. 7; and Zilliant
Inc., No. 8.
Others on the list are Convio, Infoglide Software, SigmaTel Inc., MPV Inc., Encore Medical Corp., Myriad Development, QuantumDirect, e-MDs Inc., Builder Homesite Inc., Silicon Laboratories Inc., Perficient Inc., Multimedia Games Inc., SiteStuff Inc., ArthroCare Corp. and VirTex Assembly Services Inc.Austin firms noted for fast revenue growth Rankings by Inc. magazine and & Touche feature not-so-big local businesses.
