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Locals moving with the fast crowd.(BUSINESS)

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Byline: Ilana DeBare

Forty-one Bay Area firms have made Inc. magazine’s annual list of the 500 fastest-growing private U.S. companies. The group of fast-growing Bay Area firms is dominated by tech businesses such as Groupware Technology in Campbell, No. 7 nationally, and Santur in Fremont, No. 12. Groupware, a tech consulting firm, grew by a whopping 7,579 percent since 2003 to reach revenue of $58.8 million in 2006. Santur, which makes lasers and transmitters for the telecommunications industry, grew by 5,995 percent since 2003 to reach revenue of $40.4 million in 2006. But the list, which was released Thursday, also includes a number of firms in other industries. Bryco Funding and Twin Capital Mortgage, which rank 21st and 40th, respectively, are both involved in the mortgage industry. The rankings of the two San Francisco companies are based on growth through 2006 – before the current crisis hit the industry. Several other top Bay Area firms are in businesses connected to mobile phones. Glu Mobile, a San Mateo company that ranks 44th, publishes video games for mobile phones. FunMobility, a Pleasanton firm that is No. 71, creates cell phone software such as America’s Best Mobile Pix. Some local consumer product companies also made Inc.’s list. They include: — WineCommune, an online wine seller in Oakland that is No. 35. — Xojet, a San Carlos firm that charters private jets and is ranked 129th. — Green Beans Coffee, a Larkspur firm that operates coffee shops primarily on U.S. military bases and ranks 144th. — InsideTrack, a San Francisco firm that coaches college students and is ranked 214th. — Pump It Up, a Pleasanton firm that provides inflatable party sites for children’s parties and is No. 231. — Tea Collection, a San Francisco firm that designs high-end children’s clothes and is ranked 241st. This is the 26th year that Inc. has compiled its list of fastest-growing private firms. The magazine ranked companies according to percentage revenue growth from 2003 through 2006. To be eligible, businesses must have had 2003 revenue of at least $200,000 and 2006 revenue of at least $2 million.

California has 81 companies on the list, more than any other state and up from 66 last year. The full list, along with another 4,500 companies making up a longer list of 5,000 fast-growing private firms, can be found at www.inc.com/inc5000/.

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Fast companies

These Bay Area firms were among the top 100 in Inc. magazine’s annual list of the 500 fastest-growing private companies in America.

Rank  Company                Location       Growth
rate, 2003-06  2006 revenue*  What it does
7     Groupware Technology   Campbell       7,579%                $58.8
 Tech consulting
12    Santur                 Fremont        5,995                 40.4
 Telecommunications technology
21    Bryco Funding          San Francisco  3,501                 15.5
 Mortgage lender
25    ISTS Worldwide         Fremont        3,102                 10.1
 Technology to process credit cards
35    WineCommune            Oakland        2,708                 9.2
 Online wine seller
40    Twin Capital Mortgage  San Francisco  2,578                 8.4
 Mortgage broker
42    Accolo                 Larkspur       2,565                 5.3
 Personnel recruitment
44    Glu Mobile             San Mateo      2,479                 46.2
 Video games for cell phones
71    Fun Mobility           Pleasanton     1,921                 14.4
 Software for cell phones
90    Trancos                Redwood City   1,647                 11.1
 Marketing
95    SolutionSet            Palo Alto      1,582                 6.9
 Web design & marketing

*In millions Source: Inc. magazine. For a full list, see www.inc.com/inc5000/.