Minnesota’s fastest growing private tech companies from the 2012 Inc. 500 / 5000

2012 Inc 500 5000 Minnesota Technology

Inc., the publication “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.

“In 1982, Inc. introduced the Inc. 500 list of the fastest-growing privately held companies in the United States. Since then, this prestigious list of the nation’s most successful private companies has become the hallmark of entrepreneurial success and the place where future household names first make their mark.

Today, the list is a distinguished editorial award, a celebration of innovation, a network of entrepreneurial leaders, and an effective public relations showcase. The Inc. 500|5000 ranks companies by overall revenue growth over a three-year period.”

There’s a total of 92 companies listed from Minnesota, 19 of which we’ve identified as product-based technology companies (up from 17 last year). That figure is based on product-oriented technology companies, and does not include the additional 24 service-based technology firms from Minnesota that made it as well.

Minneapolis’ Code 42 Software came it at number one for technology, and is the second highest ranking Minnesota company overall at #313.  Similar to last years numbers, e-commerce is strong again with six of 19 companies operating within the category; 11 companies were listed last year and seven are three years running.

The [self-reported & opt in] information below provides a unique glimpse inside some of Minnesota’s fastest growing privately held high tech companies, according to Inc. Magazine:

Company Rank 3 yr. growth 2011 Rev Employees Founded HQ
Code 42 Sofware 313 1194% $18.5m 78 2001 Minneapolis
Defy Supply 402 931% $2.4m 23 2008 Minneapolis
Bulk Reef Supply 614 594% $7.2m 26 2007 Golden Valley
ClickToShop 680 526% $2.7m 14 2007 Roseville
ShopJimmy 721 489% $8.9m 50 2007 Bloomington
Outsell 833 409% $12.3m 70 2004 Minneapolis
WaterFilters.net 894 371% $17.2m 30 2002 Zumbrota
Avionte 1074 294% $4.2m 65 2006 Eagan
iBuyOfficeSupply 1354 226% $6.3m 9 2005 Plymouth
Knowledge Marketing 1363 224 $10.2m 31 2004 Plymouth
Mspace 1757 162% $17.9m 35 2002 Minnetonka
American TeleCare 1759 162% $10.1m 58 1993 Bloomington
Proto Labs (public) 2123 123% $98.9m 511 1999 Maple Plain
ActiFi 2719 86% $4.3m 31 2003 Plymouth
Apex Print Technogies 3012 72% $35.4m 78 1995 St.Paul
imageTrend 4292 28% $14m 133 1998 Lakeville
Emkat 4345 26% $8.7m 11 2002 Plymouth
Video Guidance 4752 13%  $11.4m 30 1999 Bloomington
InboxDollars (CotterWeb) 4882 9% $18.9m 30 2000 St.Paul

 
Service-based technology companies:

Intuitive Technology Group , aimClear , OppSource , Horizonatal Integration , The Nerdery , RBA , Three Deep Marketing , Javen Technologies , The Informatics Group , MentorMate , Trexin Consulting , Viretelligence , Mid-Del Group , Netgain Hosting , SecureConnect , Fishbowl Solutions , Concord , Synergy Associates , Saturn Systems , The Sartell Group , OATI , Coherent Solutions , Intertech

 

Comments

  • Rob Weber

    Congrats to all! So many on the list I have never heard of and want to know more about.

    • http://tech.mn Jeff Pesek

      I agree, Rob

  • http://www.marketingshow.com Clay Collins

    Interesting how so many of these are bootstrapped e-commerce businesses that get most of their traffic from google. Curious how Panda and Penguin have effected them. I know a lot of people hurting right now . . . but MN founders are smart, so hopefully these companies are seeing an increase in traffic.

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