Twelve Maine companies landed on Inc. magazine’s 2017 list of the 5,000 fastest growing privately held companies.
Among those that made the list are two technology companies I’ve written about before in Maine Startups Insider: Municipay and Vets First Choice.
Both based in Portland, Vets First Choice provides online pharmacy and patient-management services for veterinarian practices while Municipay provides payment technology solutions to municipal governments (read my interview with Municipay CEO Jamie Nonni).
The list, which ranks companies based on three-year revenue growth, placed Vets First Choice at #1112 with 2016 revenue of $83.3 million, representing three-year growth of 377.76%. I already posted a short article about Vets First Choice’s placement on this year’s list.
The list placed Municipay at #1987 with 2016 revenue of $3.4 million, representing three-year revenue growth of 190%.
Here are the other Maine companies that made the 2017 Inc. 5,000 list:
- SaviLinx(#28), a call center in Brunswick;
- Cirrus Systems (#783), a company that manufactures outdoor LED screens based in Emeryville;
- Sound Rink (#836), which as previously mentioned sells VIP ticket packages within the live-music industry;
- Apothecary By Design (#854), a pharmacy based in Portland;
- Coria (#868), an IT, marketing, and data analytics firm in Portland;
- Tilson Technology Management (#1517), a Portland-based company that manages telecommunications infrastructure projects across the country;
- Landry/French Construction Co. (#1715), a construction firm based in Scarborough;
- Maine Coast (#2749), a seafood distributor based in York;
- Otto (#3567), the Portland-based chain of pizza restaurants;
- and Winxnet (#4082), a Portland-based IT services company.
As you’ll notice, SaviLinx is the only company to make the more prestigious Inc. 500 list. It placed #28 with 2016 revenue of $11.4 million, representing three-revenue growth of 9,204.32%, according to Inc.
SaviLinx is not the first Maine company to make the Inc. 500 list. Sound Rink, which ranked #836 on this year’s list, made the list last year at #232, while several others have made the list in previous years: Provider Power (#32 in 2013, #6 in 2014), Vets First Choice (#30 in 2012, #24 in 2013), and CashStar (#103 in 2013).
Whenever reporting on the Inc. 500 and 5,000 lists I always make this disclosure: It’s important to understand that the Inc. 500 and 5,000 lists are not the definitive list of the fastest growing private companies in the country. They are the lists of the fastest growing companies that were willing to pay a fee and reveal their revenue figures to Inc. magazine for consideration.