NJ firms rank among nation’s fastest growing
FRIDAY, AUGUST 24, 2012 LAST UPDATED: FRIDAY AUGUST 24, 2012, 7:11 AM
BY JOAN VERDON
More than two dozen North Jersey companies made Inc. magazine’s 2012 list of the 5,000 fastest-growing private companies in the country, and several local businesses said their revenue grew by more than 1,000 percent since 2008.
Vitals, a Lyndhurst-based company that operates a website that matches patients with doctors, was ranked the fastest-growing private company in New Jersey, and the 47th-fastest growing in the country, by Inc. Vitals generated $6.4 million in revenue last year, up 4,637 percent since 2008. Englewood brokerage Victor Securities, Fairfield outdoor advertising firm Pearl Media and Little Falls construction management company Landmark Retail all had three-year growth rates of more than 1,000 percent.
The list is based on revenue growth since 2008. The list only includes companies that submitted certified financial results to the magazine, so the rankings don’t take into account companies that chose not to participate. But the list nonetheless documents an impressive growth spurt among New Jersey companies, 153 of which made the list.
Among the 20 North Jersey companies ranked highest on the list, three are related to the health-care industry, and three are software companies. But the list covers a broad range of industries, from popcorn snacks producer Popcorn, Indiana, in Englewood, to paper supplier Thermal Paper Direct in Mahwah.