Monday, August 26, 2013

Local companies show up among Inc. 5000

SPARC listed as nation's fastest growing software firm

Posted by Sam Spence on Mon, Aug 26, 2013 at 6:05 AM

click to enlarge INC MAGAZINE
  • Inc Magazine
If you're running a business, 100% growth over a few years is nothing to sneeze at. But 13,000% growth might get some people's attention. The new Inc. 5000 list, out last week, ranks the nation's fastest-growing companies, including 49 from the Palmetto State.

Locally, Daniel Island-based software contractor SPARC caught fire over the last few years, becoming the nation's fastest growing shop of its kind over the last three years. Starting nearly from scratch in 2009, SPARC pulled in $21.1 million in revenue in 2012, according to Inc. Besides topping the software sector, SPARC came in as the 14th-fastest growing business overall, the best showing of any of the South Carolina businesses that made the cut.

"To have SPARC earn the 14th position on the Inc 500 is a major accomplishment for our team," said CEO Eric Bowman in a press release. This is the first year SPARC was eligible for the Inc. list, which looks at growth of private businesses over a three-year period.
Along with SPARC, a handful of other Silicon Harbor businesses appeared on the list, including Omatic Software (#189), BoomTown (#431), Blue Acorn (#474), LevelWing (#1,971), Cantey Technology (#3149), and Advantage Media Group (#3,722).

Inc. 5000 may favor the trend-friendly tech sector, but a handful of local non-Harbor outfits showed up on the list as well. Mt. Pleasant-based Total Beverage Solution, a 35-employee wine, spirit, and beer sourcing company, has appeared on the list for five straight years. Dave Pardus, the company's CEO, attributes the company's continued growth (90% since 2009) to the area's high quality of life and favorable cost of doing business.

"I'd probably be looking at a half million more in costs," Pardus says, if the company were to set up shop closer to the bulk of its customers in the Northeastern Corridor.

Locally, Ikon Financial Group (#748), UEC Electronics (#1810), and Urban Nirvana (#4990) also appeared on the list. Overall, four of the seven South Carolina companies to sneak their way into the Inc. 500—the elite upper tier of the full list—hail from the Lowcountry.

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