News & Events
Austin-based Myriad Development, Inc. , Ranks No. 177 on the 2006 Inc. 500 With Three-Year Sales Growth of 652%
August 24, 2006 New York, NY p Inc. magazine this week announces its 25th annual Inc. 500 ranking of the fastest-growing private companies in the country. Local technology solutions provider, Myriad Development, ranks No. 177 on the list, with three-year growth of 652 percent.
Myriad's products are used primarily by the insurance industry and the federal government to reduce costs and increase profitability through automation and standardization of formerly paper-based systems. CEO Chris Roussel states: mWe've experienced strong revenue growth over the past three years, but what was most notable to us was that our revenue-per-employee ranks us among the top companies on the list. This is a strong testament to the outstanding team we have assembled.2
The 2006 Inc. 500, as revealed in the September issue of Inc., reported the most robust bunch of companies the magazine has ever compiled, with aggregate revenue of $19.7 billion, up from $16.5 billion last year and $12.9 billion in 2000. The two largest companies on this year's Inc. 500 are the biggest ever to make the list - No. 170 Western Refining ($3.4 billion in revenue) and No. 376 Newegg.com ($1.26 billion) - and the third and fourth companies in Inc. 500 history to crack the billion-dollar mark. In all, 14 companies topped $200 million in annual revenue, compared with 11 last year.
Most important, the 2006 Inc. 500 companies were engines of job growth, having created more than 90,000 jobs since those companies were founded.
This year's list is the first to include businesses that started up immediately before and after September 11, 2001 - including the No. 1 company and 20 companies in the top 50 - as well as many companies that had to raise capital after the dot-com bubble burst. In total, 104 companies listed on this year's Inc. 500 were started after 2000.
cIf you want to find out which companies are going to change the world, look at the Inc. 500," said Inc. Editor Jane Berentson. "These are the most innovative, dynamic, fast-growth companies in the nation, the ones coming up with solutions to some of our most intractable ills, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine's tribute to American business ingenuity and ambition."
Hottest Regions for Fastest-Growing Companies
Federal spending again propels a large number of companies from Washington,
D.C., Virginia, and Maryland onto the Inc. 500.
Washington, D.C., is the top metropolitan area for the fourth consecutive year, with 43 of the fastest-growing companies, an increase of one over last year. New York City is a close second and the biggest gainer, adding 17 companies for a total of 42 companies this year, followed by Los Angeles with 25 (down seven companies from last year), Boston with 24 (down three companies), and Atlanta with 20 (no change).
California is the state with the most Inc. 500 companies - 66 (down from 77 last year). Virginia and New York both are home to 34 of the fastest-growing companies, followed by Texas (32) and Massachusetts (28).
The Immigration Debate
At least 55 of this year's Inc. 500 CEOs were born outside the U.S.,
coming from countries as far-flung as Argentina, the United Kingdom,
India, Russia, Pakistan, and the Philippines. The companies they run
employ more than 14,300 workers and contributed more than $1.36 billion
to the economy last year. Other countries may offer cheaper business
costs (India, China) or more incentives for entrepreneurs (Ireland,
Taiwan), but America still retains its land-of-opportunity glow for
these CEOs.
Hottest Industries for Fastest-Growing Businesses
The largest business category among this year's Inc. 500 is IT Services,
with 68 companies in this category. Health (36 companies), Retail (35
companies), Real Estate (30 companies), and Human Resources (29 companies)
round out the top industries ranked on the 2006 Inc. 500.
| Top 10 Inc. 500 Companies of 2006 | ||||||
|---|---|---|---|---|---|---|
| Rank | Company Name | Location | Industry | Year Founded | 3-Year Revenue Growth | 2005 Revenue |
| 1 | Litle & Co. | Lowell, MA | Financial Services | 2001 | 5,629.1% | $34.8 million |
| 2 | Airborne Health | Bonita Springs, FL | Consumer Products | 1997 | 4,673% | $151.6 million |
| 3 | Digital Lifestyle Outfitters | Charleston, SC | Consumer Products | 2001 | 4,385% | $83.6 million |
| 4 | Edible Arrangements International | Hamden, CT | Food & Beverage | 1999 | 4,383% | $45.6 million |
| 5 | SunRx | Cherry Hill, NJ | Health | 2001 | 3,877.3% | $27.1 million |
| 6 | United Bank Card | Hampton, NJ | Financial Services | 1999 | 3,845% | $53.4 million |
| 7 | Method Products | San Francisco, CA | Consumer Products | 2001 | 3,390.5% | $33.5 million |
| 8 | StubHub | San Francisco, CA | Retail | 2000 | 3,247.8% | $199 million |
| 9 | Ancillary Care Management | Los Angeles, CA | Health | 1995 | 2,942.1% | $232.6 million |
| 10 | MemberHealth | Cleveland, OH | Health | 1998 | 2,858.1% | $215.9 million |
| Top 10 Inc. 500 Companies Ranked by Revenue | ||||
|---|---|---|---|---|
| Rank | Company Name | Location | Revenue | Industry |
| 170 | Western Refining | El Paso, TX | $3.4 billion | Energy |
| 376 | Newegg.com | City of Industry, CA | $1.26 billion | Computers & Electronics |
| 446 | Schaller Anderson | Phoenix, AZ | $505.3 million | Health |
| 370 | MXenergy | Stanford, CT | $308 million | Energy |
| 477 | Infonxx | New York, NY | $308 million | Telecommunications |
| 164 | Century Gaming | Missoula, MT | $279.9 million | Business Services |
| 79 | Zappos.com | Las Vegas, NV | $251.6 million | Retail |
| 9 | Ancillary Care Management | Los Angeles, CA | $232.6 million | Health |
| 27 | C&B Services | Port Neches, TX | $225.2 million | Environmental Services |
| 256 | 2Wire | San Jose, CA. | $219.6 million | Telecommunications |
Methodology
The 2006 Inc. 500 list measures revenue growth from 2002 through 2005.
To qualify, companies had to be U.S.-based, privately held independent
- not subsidiaries or divisions of other companies - as of December
31, 2005, and have, and have at least $600,000 in net sales in the
base year.
Visit http://www.inc.com to dig deeper into this year's Inc. 500 rankings.
To celebrate the 25th annual Inc. 500 list, Inc.com has assembled an exclusive lineup of interactive resources that includes:- Interactive maps allowing for quick insight into regional and industry trends
- A timeline of world events and pop culture trends that shaped the past 25 years that explains how the Inc. 500 corresponds to and is reflected by those events
- Slide shows of the top companies and most innovative products from the Inc. 500 class of 2006
- A quiz that includes interesting facts such as which former Inc. 500 CEO won a World Series ring.
Inc., http://www.inc.com, the only major business magazine dedicated exclusively to owners and managers of growing private companies, delivers real solutions for today's innovative company builders. It provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Inc., a Mansueto Ventures LLC publication, inspires and informs, with cutting-edge coverage that reflects our readers' energy, brashness, and imagination.
Myriad Development's products automate highly labor-intensive manual processes to achieve significant cost savings for their customers. Myriad's insurance line enables customers to better evaluate risk and improve profitability through automation and standardization. The system provides the capability to produce powerful analytics that allow insurance carriers to achieve a comprehensive understanding of their risk. Myriad's solutions are also used by the federal government to help automate hurricane relief efforts and leading real estate related companies to achieve compliance with property hazard disclosure laws. Myriad is located in Austin, TX at 6300 Bridgepoint Parkway, Building 1 Suite 100.
For more information visit our website or call 866-302-3262 ext. 4309.
Chris Roussel - CEO
512-302-3262 x 4309
Copyright © 2010 Myriad Development, Inc. All rights reserved.