Two San Luis Obispo County firms are among the fastest-growing private companies in the United States, according to Inc. magazine.
Mindbody, established in 2001, made it on the Inc. 500/5000 list for the fifth consecutive year. The San Luis Obispo-based company, which provides desktop management software for the wellness industry, including yoga and fitness studios as well as martial arts businesses and spas, ranked 106 among software companies and 1,341 overall. In the last three years, the company has seen 229 percent revenue growth. Mindbody had annual revenue of $19.9 million in 2011, up from $6 million in 2008.
Inc. magazine ranks companies on the percent of annual growth when comparing 2008 to 2011.
Rick Stollmeyer, the company’s co-founder and CEO, said Mindbody was thrilled to be on the list and was “honored to help our clients make this world a healthier place one small business at a time.”
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IQMS, a Paso Robles company that designs and develops software for automotive, medical, plastics and general manufacturing sectors,ranked 267 on the industry list and 3,882 on the overall Inc. list. This marks the second year in a row that IQMS has made the list.
“IQMS is thrilled to be named an alumnus of Inc. magazine’s exclusive 500/5000 list,” said Randy Flamm, CEO of the company founded in 1989. “IQMS organic sales growth over the last three years (of 40 percent) has allowed us the opportunity to reinvest in every aspect of the company, positioning ourselves to continue offering the most advanced and innovative ERP (enterprise resource planning) solutions to our present and future customers.”
The company reported $20.6 million in revenue in 2011 revenue, up from $14.7 million in 2008.
Eric Schurenberg, editor-in-chief of the magazine, said this year’s crop of companies is particularly noteworthy given the economic climate in which they operate.
“To rank among the 2012 Inc. 5000, your company had to thrive through three of the toughest years this economy has seen in living memory,” he said. “Your success in such times is eloquent testimony to your team’s creativity, resilience and tenacity.”