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/.
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/.