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The 50 fastest-growing companies for 2016

By   /   Friday, September 23rd, 2016  /   2 Comments

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Ida Kane, chief financial officer of AppFolio, is our inaugural CFO of the Year. (Nik Blaskovich photo)

Ida Kane, chief financial officer of AppFolio, is our inaugural CFO of the Year. (Nik Blaskovich photo)

The Pacific Coast Business Times’ annual ranking of the 50 fastest-growing firms in the region published Sept. 23. The section ranks companies in the Tri-Counties by three-year revenue growth, from 2013 to 2015 and includes both public and private firms who have a gross revenue of $5 million or more. This year’s list proved that the technology sector is still the industry leading the pack. The top seven spots in this year’s 50 fastest-growing list are all within the technology realm, from software and hardware to IT services.

The 50 Fastest-Growing Companies will be honored at an evening awards event on Thursday, Oct. 13 at the Deckers Rotunda. Enjoy an Oktoberfest experience with craft beers provided by Figueroa Mountain Brewing Company. [Click here to purchase tickets].

To read the section, including the full list of fastest-growing companies and profiles of the Editor’s Picks, please call (805) 560-6950. Subscribers received the special report in the Sept. 23 issue. Subscribers can also view a digital version here.

To obtain a digital copy of the 50 Fastest-Growing Companies list, click here.

Lastly, congratulations to this year’s Editor’s Choice winners.

• CFO of the Year: Ida Kane, Chief Financial Officer, AppFolio. In the Business Times first ever CFO of the Year award, we honored Ida Kane, who help led AppFolio to its 2015 initial public offering and a growth rate of more than 182 percent.

• No. 1: TrackR. The Santa Barbara-based electronics manufacturer that helps you find your lost items, launched up this year’s ranks with an amazing 2,042.9 percent 3-year growth rate.

• No. 3: HG Data Company. The marketing software firm is making its debut on this year’s list. The Santa Barbara-based company grossed $5 million in 2015, just inching into our $5 million threshold.

• No. 7: MindBody. The publicly traded software firm for the fitness and wellness industries continues to show substantial growth, earning more than $100 million in revenue for 2015, while still maintaining a 153 percent 3-year growth rate.

• No. 9: Rincon Consultants. The Ventura-based consulting firm had been featured the last two years on the Business Times’ 50 Fastest-Growing list, but this is the first year the company has cracked the top 10, with more than 118 percent growth rate.

• No. 26: Heritage Oaks Bank. The largest community bank based in the region, Heritage Oaks saw a significant jump in its 2015 revenue, due in large part to the 2014 acquisition of Mission Community Bank.

• No. 30: IQMS.
Another software company that has been a frequent visitor on the fastest-growing list, this year ranking No. 30 with 38.4 percent growth.

• No. 47: McCarthy Companies. Over time, this family-owned and operated construction firm have carved out quite a name for themselves and are showing no signs of slowing down, generating $30 million in revenue for 2015.

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2 Comments

  1. Merri Ann Langhorst says:

    Perhaps TrackR is #1 because they receive payment from customers and then never deliver the products. This is happening to me right now, and many, many, many other people have encountered it as well. Have a look at their Facebook page, Better Business Bureau complaints (which gives a grade of “F”), and lots of other review sites. There is even a Facebook page called “TrackR Bravo Is A Scam.”

    I ordered several TrackR Bravos on Sept 10. They have not shipped my order nor changed its status from “being processed” in nearly a month. They are literally not answering their 800 number (they say as much on their outgoing message).The only possible mode of communication is by email to their “support” team, who are supposed to respond w/in 24 hours. There is never any meaningful response, only an automated one saying how gosh darn busy they are, what with the huge popularity of their products. I’ve emailed them several times and it appears that they’ve decided to stop sending me even the automated messages. I was blocked from posting on the TrackR Facebook page after making several negative comments and publicly demanding a refund. The TrackR CEO, Chris Herbert, was interviewed on Paul Kemp’s “The App Guy” podcast. I contacted Mr. Kemp to see if he had an “in” with him. He only had Herbert’s corporate email address, so he reported my problem to him that way, and forwarded him my email describing it. So I know the head of the TrackR company knows my name, my contact information, and that I want a refund. I’m not optimistic about ever seeing my money again.

    I’d like to see an article ranking these same 50 companies based on their customer service, to see if there is a correlation between profits and how they treat their customers.

  2. Bruce McNatty says:

    Hi Pacific Coast Business Times – Not sure how closely you looked at TrackR, but it seems you are rating them as successful, just on the basis of sales figures alone. And their sales figures have been through the roof – but the actual supplying of their product after ordering is appalling. It’s so easy for companies that have a big web presence to take money, and that’s what these folk are doing.TrackR have a elicited a huge swathe of complaints and gripes world-wide. In theory, their product is clever and innovative. The reality however, is quite different – the product works (if you actually receive it) for a minimal distance only (way less than they claim) or batteries fail very quickly. However, the biggest concern is that many people feel scammed by them – customers have paid them in good faith, and just never received the product from them. Hard to understand why you would even want to be associated with them, let alone be singing praises of their “success” far and wide.

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