Seventeen Arizona companies, including 10 based in the East Valley, have qualified for the latest Inc. magazine list of the 500 fastest growing private companies in the United States.
PatchLink, a Scottsdalebased producer of security software fixes for computer networks, is the top Arizona finisher, ranking 14th on the list with three-year revenue growth of 2,321.7 percent.
Other high growth Arizona companies were TGC Homes of Flagstaff, ranked 54th with 1,150 percent growth over the past three years, and Limelight Networks, a Tempebased company that delivers music, video and other content over the Internet, which ranked 71st with 1,024 percent growth.
PatchLink president Patrick Clawson attributed his company’s rapid growth to increased concern about computer and Internet security.
“Over the last several years businesses around the world have been subject to a proliferation of nasty viral attacks affecting their networks,” he said. “It’s hard to go after that when you have up to 85,000 PCs, servers and other nods in your network. Our job is taking that and automating (security patches) for them.”
PatchLink, which has 166 employees, reported revenue of $19.4 million in 2005.
The largest Arizona company to make the list was Phoenix-based Schaller Anderson, a health plan administrator with revenue of $505.3 million last year. The company ranked number 446 with three-year growth of 331.7 percent.
Other East Valley companies on the list are eTelecare Global Solutions, a Scottsdale-based firm that provides outsourced service, sales and technical support to offshore centers, primarily in the Philippines; Go Daddy Group, a Scottsdale-based domain registration and Web hosting company; All Teriors Floor Covering, a Tempebased installer of floors, cabinets and countertops for the housing industry; and Dollar-Days International, a Web store that sells consumer goods to small retailers at wholesale prices.
Also making the list are iCrossing, a Scottsdale-based search engine marketing firm; JLT Mobile Computers, a Tempe-based designer of rugged mobile computers for environments where they receive unusual wear; Ceiba Technologies, a Chandlerbased distributor of parts used in manufacturing of semiconductors, hard drives and printed circuit boards; and Ensynch, a Tempe-based IT outsourcing company.
The top company of this year’s list is Litle & Co. of Lowell, Mass., a provider of credit card payment processing systems, which enjoyed growth of 5,629.1 percent in the past three years.
Collectively the 500 companies had a combined $19.7 billion in revenue last year — up from $16.5 billion the previous year — and provided 90,000 jobs, the magazine said.
This year’s list is the first to include businesses started around the time of the Sept. 11, 2001, attacks as well as many companies that had to raise capital after the dotcom bubble burst. A total of 104 or the 500 companies on this year’s list were started after 2000, said Inc. editor Jane Berentson.
“These are the most innovative, dynamic, fast-growing companies in the nation,” she said. With 16 of the companies based in the Phoenix area, the Valley ranked as one of the bigger hubs of fastgrowing companies, the magazine said.
Driven by federal spending, the Washington, D.C., area had the largest concentration for the fourth straight year with 43 companies, followed by New York with 42 and Los Angeles with 25. To qualify, companies had to be U.S.-based, privately held as of Dec. 31, 2005, and had a least $600,000 in net sales in the base year. Inc. magazine has produced the list annually for the past 25 years. The latest listings are published in the September issue.