Published: August 22, 2013
Just three Colorado Springs companies, all defense contractors specializing in software development and information technology, qualified for Inc. magazine's list of 5,000 fastest-growing companies this year - the fewest since the publication expanded the list in 2007 from 500 companies.
Nine Springs-area companies made the list last year, and at least six area firms have qualified every year since the annual ranking was expanded.
To make the list, companies must have been founded and generating revenue by March 31, 2009; based in the U.S.; and privately held, for-profit and independent - not subsidiaries or divisions of other companies - as of the end of last year. They are ranked by revenue growth between 2009 and 2012, with a minimum requirement of at least $2 million in revenue last year.
The list was posted Thursday on the magazine's website - www.inc.com - and will appear in its September edition. The three Springs-area companies include:
- Intelligent Software Solutions Inc., which develops and sells data integration, analysis and reporting software. It's the company's ninth time on the list in the past 10 years, and is one of just 35 companies nationwide and two in Colorado - Broomfield-based restaurant chain Noodles & Co. is the other - to make the list nine or more times. ISS, started in 1997, employed 758 people at the end of last year, adding 373 in the past three years. The company's revenue jumped 144 percent since 2008 to $192.3 million last year, ranking it 2,482nd this year, compared with 1,536th in 2012.
- Braxton Technologies LLC, which was started in 1994 and develops software to help Air Force commands in the Springs and Los Angeles automate satellite control and other tasks. The company made the list for the fourth consecutive year. It employed 96 people at the end of last year, adding 58 in the past three years. Braxton's revenue was up 78 percent since 2008 to $20.1 million, ranking it 3,735th, compared with 3,064th in 2012.
- Infinity Systems Engineering LLC, which was started in 1996 and has won a series of contracts during the past five years to design software used to control the Global Positioning System and a variety of other military satellite networks. This is its sixth consecutive year on the list. The company employs 83, including 16 hired in the past three years. Infinity's revenue has grown 62 percent since 2008 to $19.5 million, ranking it 4,177th, compared with 3,742nd in 2012.
Springs-area companies that made the cut last year but not for 2013 are: WireNut, Neumann Systems Group, Max HD Sunglasses, Delta Solutions & Strategies, Advisors Asset Management and StealthCom Solutions.
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