The Financial Times has released its fourth annual ranking of the 500 fastest-growing companies in the Americas, covering a three-year period when economies were “powering out of the pandemic.” The list is based on disclosed revenue growth between 2018 and 2021—with the final year seeing an emergence from the pandemic’s biggest impacts, while interest rate spikes were still in the future.
The median revenue of ranked companies rose sharply in the 2018-2021 period, to $22.5 million, FT reports—almost twice the $12.2 million median on last year’s FT list.
CDL 1000, a Chicago-based provider of software to logistics companies, topped the list at No. 1 this year.
Overall, the software and IT sector shows up strongest on the 2022 list, claiming 27% of FT’s fastest-growing companies. That sector was followed by pharma, cosmetics, healthcare, and life sciences companies, which snagged 15% of the list.
So which North Texas companies claimed spots on FT’s 2023 list?
Here they are, in order of ranking:
No. 47: Archer Review, Dallas
Founded in 2009, Archer Review and its board-certified physicians and nurse educators offer NCLEX nursing and USMLE courses for medical test preparation, practice tests, private tutoring, and more. Its interactive learning system is designed for medical students, residents, physicians, and nurses.
Absolute growth rate: 1341%
Compound annual growth rate: 143%
Revenue in 2021: $2.5M
Revenue in 2018: $200K
Number of employees in 2021: 14
No. 94: Ironside Human Resources, Dallas
Founded in 2011, Ironside Human Resources is a national healthcare talent recruitment firm that specializes in physician, nursing, ancillary, and hospital management recruitment. It says its goal “is not to be the biggest healthcare staffing firm, just the best.”
Absolute growth rate: 764%
Compound annual growth rate: 105%
Revenue in 2021: $6.4M
Revenue in 2018: $700K
Number of employees in 2021: 24
No. 184: o9 Solutions, Dallas
Founded in 2009, o9 Solutions is an enterprise AI software platform provider. It calls its Digital Brain “a game-changing planning platform helping global companies across industries transform their supply chain, commercial, finance, and sustainability decision-making for digital age volatility and complexity.” The local unicorn was valued at $2.7 billion in January 2022 after announcing $296 million in equity investments.
Absolute growth rate: 327%
Compound annual growth rate: 62%
Revenue in 2021: $143M
Revenue in 2018: $33.5M
Number of employees in 2021: 1,660
No. 312: Value Creed, Plano
Founded in 2017, Value Creed offers IT and consulting services to the commodity and energy trading and risk management industry. The company says it’s “breaking the mold of traditional consulting” by bringing the CTRM/ETRM industry new approaches to solving support, technological advances, and efficiencies “never before achievable.”
Absolute growth rate: 149%
Compound annual growth rate: 35%
Revenue in 2021: $3.5M
Revenue in 2018: $1.4M
Number of employees in 2021: 70
No. 374: ScienceSoft, McKinney
Founded in 1989, ScienceSoft is a provider of IT consulting and software development services. After starting out as a small AI product company, it switched to IT services in 2002. Since then, it says it has “helped non-IT organizations and software product companies improve business performance and quickly win new customers.” Its team drives digital transformation for businesses in the U.S., Europe, and the Persian Gulf region.
Absolute growth rate: 149%
Compound annual growth rate: 35%
Revenue in 2021: $3.5M
Revenue in 2018: $1.4M
Number of employees in 2021: 70
No. 429: Lightbeam Health Solutions, Coppell
Founded in 2013, Lightbeam offers a platform that provides end-to-end population health management for ACOs, payers, provider groups, health systems, and other healthcare organizations. Its analytics and stratification engines transform disparate clinical and claims data into actionable insights to drive better clinical outcomes. Just last month, Lightbeam announced it was relocating its HQ from Las Colinas to Cypress Waters in Coppell, following its January release of the industry’s first no-cost health equity strategy in-a-box solution.
Absolute growth rate: 77%
Compound annual growth rate: 21%
Revenue in 2021: $37.3M
Revenue in 2018: $21.1M
Number of employees in 2021: 136
The rankings were presented by the Financial Times and Statista Inc., a leading statistics portal and industry-ranking provider, and released on Tuesday. You can see the full list of The Americas’ Fastest-Growing Companies 2023 by going here.
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