Companies moving Utah's economy.
Though the economy has hit the brakes, many Utah companies are still moving at record-breaking paces and pumping revenue into the state, despite the economic hurdles in front of them. It is during this rough time that Utah Business magazine is proud to present the 2009 Fast 50 companies. Each company on the Fast 50 list, which was calculated based on five years of compound annual growth and revenue, has remained ahead of the curve, proving that dedication, endurance and good old hard work remain key to a solid company. But don't just take our word for it; hear from the Fast 50 executives themselves about what it takes to stay on the fast track to success.
"MonaVie has attained more than $1.6 billion in cumulative sales since the product was first introduced in 2005 and is reaching consumers through 700,000 distributors in 10 countries worldwide. We continue to take our product and opportunity around the world, and will soon be introducing MonaVie in England, Poland and the Netherlands. We attribute MonaVie's great success to our growing family of independent distributors, who are blessing the lives of people around the world, one bottle and one relationship at a time."
Devin Thorpe Thorpe , James Francis Known as "Jim." 1888-1953.
American athlete. An outstanding collegiate football player, he later played professional football and baseball. , CFO See Chief Financial Officer. , MonaVie
"In 2003, Interbank in·ter·bank
Relating to, involving, or connecting two or more banks: interbank borrowing; an interbank network of automated teller machines. FX's net revenue was $104,509. Six short years later, that amount had grown to an astounding a·stound
tr.v. a·stound·ed, a·stound·ing, a·stounds
To astonish and bewilder. See Synonyms at surprise.
[From Middle English astoned, past participle of astonen, $35 million--a remarkable leap by even Wall Street's strict standards. We believe that this is due in large part to our philosophy that our long-term success is closely tied to the success of our customers."
Todd Crosland, Chairman and President
"We think outside of the box, and try to find more efficient, cost effective ways of doing things. When we can save our clients time and money, we know that it only helps to maintain their loyalty and respect for us and in turn helps us to grow."
Jeffrey D. Wright, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.
"Access is a leading e-commerce technology and logistics provider helping retail and direct selling Direct selling is the marketing of products or services to consumers through sales tactics including presentations, demonstrations, and phone calls. It is sometimes also considered to be a sale that does not utilize a "middle man" such as a retail outlets, distributors or brokers. companies sell their products in international markets ... I think our biggest success has been our ability to scale the business model not only in size, but geographically. We have been able to take what started as a Japan-only solution and successfully implement it all across Asia and Europe".
Chris Boyle, President and CEO, Access Technology Solutions
"[Our] strategy for growing Christopherson was to focus on one of the most important niche areas in travel bookings: business travel. Whereas most of Christopherson's competitors handle the gamut of travel bookings, Christopherson focused on meeting the needs of the busy Utah business traveler."
Michael A. Cameron, President
"We quickly realized that not all new opportunity was necessarily good opportunity. Through careful evaluation and difficult decision making, we were able to refocus Verb 1. refocus - focus once again; The physicist refocused the light beam"
focus - cause to converge on or toward a central point; "Focus the light on this image"
2. our attention on core competencies that have ultimately led to consistent and strong growth."
Matthew F. Schneck, President and COO
"[Our strong growth] has all come down to the number of products Costume Craze carries, and how many new products Costume Craze introduces each year. Costume Craze carries over 12,000 costumes and costume accessories. And each year it adds about 1,500 to 2,000 new items ... Costume Craze's vision is big; we want to become a household name--the best costume company in the world! In many aspects, Costume Craze may already merit the tag 'best.' However, Costume Craze knows there is always room for improvement, so the push to become better will never end."
Kale kale, borecole (bôr`kōl), and collards, common names for nonheading, hardy types of cabbage (var. Maloney, CEO, Costume Craze
"The fact that we are now in our 90th year and being managed by a third generation with a fourth being prepared to take the reins to take the guidance or government; to assume control.
See also: Rein when appropriate [has been our biggest success]. The Englands have been successful in keeping this a family business and treating everyone as if they were a part of the family."
Wayne Cederholm, COO, C.R. England Global Transportation
"From the early 1980s, the principals of Rimrock Rimrock is the sheer rock wall at the upper edge of a plateau, canyon, or geological uplift. It may refer to either the rock formation or to the rock itself. Rimrock may be composed of almost any stone—basalt, gneiss, granite, sandstone, etc.—and is frequently layered. have proven themselves in the commercial construction market and, in 1999, opened what has become a premier construction team. Rimrock, by mastering the development and design-build process, has completed millions of square feet of commercial, multi-family, medical, office and retail developments."
Brad Christofferson, President Rimrock Construction
"The most innovative thing about Digital Gateway is our customer approach. We listen to dealers better than anyone else in the industry. We actually care about their needs and use our skills to generalize generalize /gen·er·al·ize/ (-iz)
1. to spread throughout the body, as when local disease becomes systemic.
2. to form a general principle; to reason inductively. those needs across our entire dealer base. This is not only demonstrated in product development, but also our implementation process and other services."
Daron Jones, CFO and COO, Digital Gateway
"[Mindshare] just completed its 73rd consecutive month of increasing revenue. We collect surveys in 25 industries in more than 26 languages and from 106 countries ... We attribute our strong growth to our people, our passion, our products and our performance."
Lonnie Mayne Lonnie Mayne (born Ronald Doyle Mayne on September 12th, 1944 in Fairfax, California) was a professional wrestler in the 1960's and 1970's who frequently went by the name Moondog Mayne. Mayne wrestled in various NWA territories as well as the WWWF. , EVP EVP Executive Vice President
EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor
EVP Electronic Voice Phenomenon
EVP Europäische Volkspartei (Germany)
EVP Employee Value Proposition of Sales, Mindshare Technologies
"Our biggest achievement thus far has been growing to be the largest national retail chain focusing on watches and watch repair. Not to mention we now service approximately 1 million watches a year."
Doug Waddoups, President, Precision Time
"[Success has] always been about marrying creative, talented technically-oriented people and technologically-superior products to 'good fit' customers. We started with a small number of small business customers and tried to listen hard to their desire to leverage technology to compete. As the market and technologies have grown, so have we."
Robert Darling, President, TecCon, Inc
"I believe the majority of our strong growth we can attribute to our employees at Cardwell Distributing. Our dedicated and team-oriented group of professionals here at Cardwell Distributing set us apart from our competitors in many ways."
Bill Rawson, President and CEO
"Doba simplifies product sourcing by providing instant access to millions of products that can be drop-shipped directly to the customer ... Our biggest success has been our thousands of satisfied customers."
Blaine Nielson, CEO, Doba
"Sorenson Genomics was founded in 2001 by the late James LeVoy Sorenson James LeVoy Sorenson (1922-) is the founder of Sorenson Companies, a parent company of 32 corporations. A noted philanthropist, he is currently the richest man in Utah and 50th in the U.S., according to Forbes World's Richest People. , a renowned medical device inventor and entrepreneur. His vision for Sorenson Genomics was make DNA testing DNA testing
Analysis of DNA (the genetic component of cells) in order to determine changes in genes that may indicate a specific disorder.
Mentioned in: Acoustic Neuroma, Retinoblastoma, Von Willebrand Disease accessible and affordable to everybody, beginning with ancestry testing. The company has expanded to offer a full spectrum of DNA testing services ... The Identigene DNA DNA: see nucleic acid.
or deoxyribonucleic acid
One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. Paternity Test paternity test
A test using blood group identification of a mother, child, and putative father to establish the probability of paternity.
n Kit is nearing 100,000 units sold since its launch over-the-counter at pharmacy chains in November 2007. Month-over-month sales continue to increase. The kit is sold by the nation's leading retailers, such as Wal-Mart, Walgreens, CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. and Rite Aid Rite Aid (NYSE: RAD) is a United States retailer and pharmacy chain, operating over 5,000 stores in 31 states and the District of Columbia. Rite Aid Corporation is one of the nation's leading drugstore chains. in 15,500 store locations."
Douglas Fogg, COO Sorenson Genomics
"No matter how intriguing the concept, a restaurant will eventually succeed or fail on the quality of its freshly made food, store-level management and delivering great food and service. Iggy's continues to focus on the food; if we were satisfied with simple 'pub fare' we wouldn't have the growth."
Hersh Ipaktchian President and CEO
"One of our biggest coups was establishing exclusive agreements with major accounting software vendors in the multi-housing industry. We're also pretty proud of the fact that we've been able to sustain significant growth over the past few years without significant investment capital."
Jim Fitlow, President and CEO
"USANA USANA United States of America Netball Association
USANA United States Army Nuclear Agency can attribute its strong and consistent growth to supply and demand. During this recession, the thing that is in demand is income for people to support their families. USANA gives these people an opportunity to earn that income when jobs may not be available and the security that comes with being your own boss."
Dave Wentz, CEO, USANA Health Sciences, Inc.
"One of the greatest successes we've had is we've been able to retain quality employees over a long period of time. We've been in business since 1918 and we have dozens of people who have been with the firm for 35 to 40 years."
John Evans John Evans may refer to:
"While the economy has proven difficult for many companies, CHG CHG Change
CHG Chlorhexidine Gluconate (aka chloraprep)
CHG Centre Hospitalier Général (French: general hospital)
CHG Come Holy Ghost (Catholicism) looks at it as an opportunity to differentiate itself from the competition by helping clients through their tough times. CHG has been successful because of the financial strength, strong brands and expertise, and most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent"
above all, most especially , the great people of the company."
Michael Weinholtz, CEO
"To create, develop and grow a business that offers people health and reprieve during a difficult economic time [has been our biggest success]. We have succeeded in enabling people to find the short getaway needed from the rigors of everyday life when vacations and expensive dinners are not feasible."
Jonathan Rudd, CEO, Namara Group
"I think one of the many things that gives us an advantage is that our various departments and individual team members collectively work well together. Whenever one or more people in our organization spots an opportunity that our business can capitalize on Cap´i`tal`ize on`
v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. , everyone in our company is really great about stepping up to the plate and getting things done to help make that happen. We consider ourselves fortunate in that area because not every company can say that".
Adam Edmonds, CEO Allegiance, Inc
"My co-founders and I had a great deal of passion and would do whatever it took to make [OrangeSoda] work and I'm glad to say that passion still exists ... We're still growing and building and thinking of what our target customer needs not just from us, but from their online marketing as a whole."
Jay Bean, CEO
Spencer Ferguson, president and founder of Wasatch Software Wasatch Software Inc. is a top reseller of computer technology products with a specialty in software licensing. The company was founded in 2002 by members of Microsoft's Sales and Licensing team. The initial company heaadquarters was a small 2 bedroom apartment. , says his company's exploding growth has been spurred by increased market-share in information technology products and services, as well as strong partnerships with companies such as Hewlett-Packard and Microsoft.
According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. CEO Ron Stevens Ron Stevens (born 1949) is an Albertan MLA who is currently that province's Deputy Premier and Minister of Justice and Attorney General.
Ron Stevens was born in Empress, Alberta, in 1949. , Rocky Mountain Bread Company continues growing despite the economy for numerous reasons, but says that it all comes back to the basics. "In these tough economic times, people are returning to the basics, bread being the staff of life," Stevens says. "Being a family of bakers since 1931, we just know how to make good bread."
InsideSales.com's CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. software and built-in dialer solution is helping professional sales reps triple and even quadruple their production. "We are grateful to be recognized for our strong growth and we give the credit to our innovative team of employees," says Dave Elkington, CEO of InsideSales.com. "We are positioned amid several strong Internet-based, remote sales and cost-cutting trends that have allowed us to grow dramatically even in a down economy, and perhaps because of it. We recently participated with InfoUSA and MIT MIT - Massachusetts Institute of Technology in a nationwide sales survey that shows inside sales or remote selling is growing at 7.5 percent annually, while traditional outside sales is stagnant at a rate of .5 percent growth. We have been lucky to be both profitable and to catch this pretty strong wave of growth without having to raise money to this point."
Riser Media is a full service creative agency, offering services for branding, online game development, interactive, print, programming and specialty design work. The award-winning company has worked on more than 1,000 projects with clients including Disney, Warner Bros BROS Brothers
BROS Benefits and Retirement Operations Section (King County, Washington)
BROS Barnes and Richmond Operatic Society (London, UK) ., Fox, NBC NBC
in full National Broadcasting Co.
Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. and HBO Hyperbaric oxygen therapy (HBO)
A form of oxygen therapy in which the patient breathes oxygen in a pressurized chamber.
Mentioned in: Ozone Therapy .
Lingotek offers full-service translation solutions to global organizations and government agencies. The company's network includes more than 5,000 qualified, native translators around the world that allows the company to accommodate projects of any size and domain while increasing quality and reducing costs for its clients.
Clark Cotterell, president of Management Recruiters of Salt Lake City, says the company's employees are key to its success. "We believe our growth is a result of our dedicated employees and tremendous client base. We invest a lot of time and resources into the attracting, developing and retaining of our employees. Each of our employees has a passion for what they do and is dedicated to the long-term success of our clients."
Bryce Swanson, general manger manger
cattle trough which served as crib for Christ. [N.T.: Luke 2:7]
See : Nativity of MC2 Consulting attributes the company's growth to its relationships. "All of our customers are also our friends," says Swanson. "We do business in way that allows us to trust our relationships and provides value on both sides of the fence ... If you help enough people get what they want, you'll get what you want."
Founded by Jan Miller in 1998, Logan-based Stander is an inventor and manufacturer of innovative mobility solutions for the bed, bath, couch and the automobile. Since its inception, Stander has become well known for listening to the needs of its market and then inventing affordable, high quality products that meet those needs.
Power Innovations International, a company that provides power and battery backup See UPS. , is moving forward with momentum, despite the slowing economy, says Robert Mount, CEO and president. "I can't say that the economic uncertainty has had no effect on Power Innovations' business, because it has. The fact remains that our critical applications customers cannot risk power issues. Airport security measures Noun 1. security measures - measures taken as a precaution against theft or espionage or sabotage etc.; "military security has been stepped up since the recent uprising"
security are at an all time high; oil rigs need dependable power to prevent ecological disaster and loss of life; military operations This is a list of missions, operations, and projects. Missions in support of other missions are not listed independently. World War I
''See also List of military engagements of World War I
Orem-based ServerPlus provides outsourced Internet services that help Internet Service Providers Internet service provider (ISP)
Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. (ISPs) of all sizes seize the Internet opportunity in a constantly shifting business and technological environment. The company offers its clients a broad range of Internet solutions, including wholesale dial-up connectivity, outsourced technical support, Web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. and e-commerce services.
Celebrating its 25th year in 2009, Access Development has built revenue and brand equity by providing turnkey and custom loyalty programs. "The success of Access Development has always been a result of helping others succeed and save money," says Larry Maxfield, founder and CEO of Access. "Our model is able to directly alleviate the financial burdens on both businesses and households in this challenging time, which is why we have maintained continued growth in 2009."
Salt Lake City-based Axis41 comprises a team of communication and program design specialists who strategically use and develop a wide variety of marketing and Web tools to effectively create a measurable voice that radiates from their clients' organizations.
2 Omniture Inc.
3 Interbank FX
4 Hyper Interactive Media
5 JWright Development
6 SME (1) (Small and Medium-sized Enterprise) See SMB.
(2) (Subject Matter Expert) An individual who is well-versed in the policies and procedures of a particular department or division. Steel Contractors
7 Ascend HR Solutions
9 Access Technology Solutions
10 Spring2 Technologies
11 Oakland Construction
12 MediConnect Global
13 AdvancedMD Software, Inc.
14 AtTask, Inc.
15 Wadman Corporation
17 Best Vinyl
18 Heritage Makers
19 Sportsman's Warehouse
20 Packsize LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control
21 Christopherso Business Travel
22 Wadsworth Brothers Construction
24 Simplicity Group
25 C.R. England Global Transportation
26 Provo Craft & Novelty, Inc.
27 Cafe Rio
28 Mindshare Technologies
30 Innovative Staffing, Inc
31 Veracity veracity (vras´itē),
32 Namifiers, LLC
33 Rimrock Construction, LLC
34 MasterControl, Inc
36 Cardwell Distributing
39 Costume Craze
40 Precision Time
41 HIP Enterprises (Iggy's Sports Grill)
42 BHS BHS
beta-hemolytic streptococci. Marketing
43 TecCon, Inc.
44 CHG Healthcare Services
45 USANA Health Sciences, Inc.
46 Digital Gateway
47 Sorenson Genomics
48 Property Solutions
49 Career Step LLC
50 Rebath of Utah
RELATED ARTICLE: Top 10 Revenue Earners
These companies are bringing in big dollars to the Beehive Beehive (star cluster): see Praesepe.
heraldic and verbal symbol. [Western Folklore: Jobes, 193]
See : Industriousness State.
1 NuSkin Enterprises, Inc.
2 C.R. England Global Transportation
5 Okland Construction
6 Sportsman's Warehouse
7 CHG Healthcare Services
8 SME Steel Constructors
9 USANA Healthcare Sciences, Inc
10 Omniture Inc.
These companies have been in business less than five years, but have already experienced skyrocketing growth.
1 Namara Group (Red Mango Red Mango is a frozen yogurt chain founded in South Korea which has gained popularity in the United States. Started in 2002, the company is well known for using natural ingredients in making "authentic frozen yogurt" that is both tart and creamy. )
3 Allegiance, Inc
4 Real Property Management
5 Davinci Virtual
6 ZAGG Inc.
7 Simply Mac, Inc
8 Control4, Inc
Top Companies by Compound Annual Growth
Ready ... Set ... Grow
While our Fast 50 list honors companies that are experiencing strong growth coupled with giant revenues, here's a look at companies ranked purely by compound annual growth.
2 Heritage Makers
3 Simplicity Group
4 JWright Development
5 Interbank FX
6 Hyper Interactive Media
7 Wasatch Software, Inc.
8 Property Solutions
9 Access Technology Solutions
10 InsideSales.com, Inc
11 AtTask, Inc.
13 Omniture Inc.
16 Spring 2 Technologies
17 Mindshare Technologies
18 TecCon, Inc.
19 AdvancedMD Software, Inc.
21 Namifiers, LLC
22 Packsize LLC
23 Rebath of Utah
24 MediConnect Global
25 Riser Media
28 Ascend HR Solutions
29 Veracity Communications
30 Best Vinyl
31 Stander, Inc
32 MC2 Consulting, Inc
33 Costume Craze
34 SME Steel Contractors
35 Sorenson Genomics
36 Power Innovations International
37 Digital Gateway
38 MasterControl, Inc
39 Wadman Corporation
40 HIP Enterprises (Iggy's Sports Grill)
41 Rocky Mountain Bread
42 Okland Construction
44 Management Recruiters of Salt Lake City
46 Access Development
48 Career Step LLC
49 Wadsworth Brothers Construction
50 BHS Marketing