Minnesota’s fastest growing private high tech companies from the 2010 Inc. 500 & 5000

2010 INC 500 & INC 5000

Inc., the magazine “written for the people who run growing companies” recently released it’s annual ranking list of the country’s top 5,000 fastest-growing, private companies with an emphasis on the top 10 percent of the list—the Inc. 500.

“The Inc. 5000 is ranked according to [self-reported] percentage revenue growth over a four year period. To qualify, companies must have been founded and generating revenue by the first week of the starting calendar year, and therefore able to show four full calendar years of sales. Additionally, they had to be U.S.-based, privately held, and independent—not subsidiaries or divisions of other companies—as of December 31 of the last year measured. Revenue in the initial year must have been at least $200,000, and revenue in the most recent year must have been at least $2 million.”

We’ve identified 20 Minnesota product-based technology companies (Software – 8; Security – 2; Telecom – 4; eCommerce – 3; Misc – 3) that made the list based on revenue gains.  Including “IT Services/ Consulting”, the list increases by 15 — marking a cumulative representation of around 35 Minnesota Tech companies (depending on exact definition).

Jobs2Web (#226), ranked fourth overall in the Minneapolis market and 21st in all of software, leads the Minnesota high tech list with three-year sales growth of over 1,300%!

The information below provides a unique glimpse inside some of Minnesota’s fastest growing privately held high tech companies, according to Inc.. Enjoy…

Software

Jobs2Web: rank = #226 | 3 year growth = 1,322% | 2009 revenue = $6.7m | employees = 68 | founded = 2003 | headquartered = Minnetonka

Jobs2Web streamlines and expands its clients’ online employee recruitment through Web-based software designed to help employers attract, capture, and interact with quality talent while measuring recruiting effectiveness.”

Quantum Retail: #798 | 379% | $9.8m | 45 | 2003 | Minneapolis

Quantum Retail sells software to assist large retailers with inventory planning, allocation, and replenishment.”

ImageTrend: #1,701 | 165% | $11.9m | 114 | 1998 | Lakeville

ImageTrend sells Web-based data collection software and plug-in applications for multiple markets, including EMS, human resources, education, and government.”

EAC Product Development Solutions: #2930 | 73% | $9.5m | 49 | 1996 | Burnsville

EAC Product Development Solutions offers product development software and services to engineering and manufacturing companies.”

Knowledge Marketing: #2968 | 72% | $3.4m | 28 | 2004 | Plymouth

Knowledge Marketing provides software and related services to online marketers. Its clients, which include Mall of America and UnitedHealthcare, use the company’s expertise for online surveys, digitization of content, search engine marketing, and publishing services.”

MedNet Solutions: #3290 | 58% | $9.8m | 77 | 2001 | Minnetonka

MedNet Solutions sells Web-based clinical study management systems to the pharmaceutical, medical device, and biotechnology industries.”

Open Systems International: #4001 | 33% | $26.7m | 206 | 1992 | Minneapolis

Open Systems International is the leading supplier of open automation services for real-time management and optimization of complex production, transport, and delivery networks for utilities in the electric, oil and gas, transport, and water industries.”

Third Wave Systems: #4284 | 24% | $5.1m | 26 | 1993 | Minneapolis

Third Wave Systems sells machine modeling (simulation) software to help increase productivity for the aerospace and automotive markets, among others.”

Security

BHI Advanced Internet: #2431 | 100% | $4.2m | 38 | 1994 | Eden Prairie

BHI Advanced Internet offers a wide-range of Internet security, managed network, and PCI compliance services to the multi-site retail industry.”

Milestone Systems: #3665 | 44% | $26.8m | 35 | 2000 | Golden Valley

Milestone Systems provides system integration services, specializing in security and high-availability systems.”

Telecommunications

GetWireless: #715 | 424% | $12.1m | 9 | 2001 | Minnetonka

GetWireless distributes fixed cellular products and equipment from manufacturers such as Axesstel, Sierra Wireless, AirLink, and Telular & sells communications equipment used for television and broadcast, public safety, and other industries.”

Amcom Software: #895 | 336% | $46.1m | 240 | 1983 | Eden Prairie

Amcom Software provides communications technology for contact centers and emergency management, mobile event notification and paging infrastructures. Amcom’s products are used by organizations in health care, hospitality, education, business, and government.”

MSpace: #2025 | 132% | $9.8m | 36 | 2002 | Minnetonka

MSpace provides video conferencing and audiovisual integration services for customers in the corporate, government, educational and medical industries.”

Hanson Communications: #2107 | 124% | $27.6m | 74 | 1982 | Willmar

Hanson Communications is a holding company for several telecommunications companies operating in four midwestern states (Minnesota, Nebraska, Ohio & South Dakota).”

eCommerce

WaterFilters.net: #528 | 576% | $5.4m | 15 | 2002 | Zumbrota

WaterFilters.net is a water treatment superstore, offering hundreds of thousands of water filters for showers, faucets, refrigerators, and under sinks.”

iBuyOfficeSupply.com: #589 | 516% | $2.8m | 8 | 2005 | Plymouth

iBuyOfficeSupply.com is an international online distributor of office supplies, furniture, and industrial, janitorial, lunchroom, and medical supplies.”

CrankyApe.com: #787 | 385% | $68.1m | 74 | 2001 | Cannon Falls

CrankyApe.com is an online auction specializing in bank repossessed and insurance total-loss RV, marine, and power sport auctions.”

Miscellaneous

CotterWeb Enterprises: #1771 | 155% | $17m | 34 | 2000 | Mendota Heights

CotterWeb Enterprises pays consumers to take online surveys through its websites InboxDollars.com and SendEarnings.com to connect advertisers and marketing firms with their target audiences.”

TravelNet Solutions: #2268 | 112% | $4.4m | 42 | 2001 | Cottage Grove

TravelNetSolutions.com operates related marketing, media, and technology ventures, including: VEMGlobal.com, niche Web portals (ResortsandLodges.com, MoreContractors.com) and on-demand enterprise applications and services (Phonalytics, RezTracker).”

Video Guidance: #3195 | 61% | $10.4m | 25 | 1999 | Eden Prairie

Video Guidance provides video, Web, streaming, and voice conferencing technology to meet its clients’ collaboration, training, or teleconferencing needs.”

IT Services

RBA Consulting (#219); Techbarn.com (#3601); Horizontal Integration (#641); Gnet Group (#1269); Nerdery Interactive Labs (#1471); BI Consulting Group (#1589); Javen Technologies (#1971); Corporate Technologies (#2364); Solution Design Group (#2401); Harbinger Partners (#3302); Trexin Consulting (#3311); Comm-Works (#3340); Aware Web Solutions (#4322); Orbit Systems (#4471); TIPS Consulting (#4859); TAJ Technologies (#4992).

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