Arkansas Companies Rank Among Inc.'s Fast Growing List
Seven Arkansas companies ranked among Inc. magazine's annual list of the 5,000 fastest-growing firms in the nation, with one, Team SI of Little Rock, in the top 500.
"We’re honored to represent Arkansas on this prestigious Inc. 500 list," Tim Whitley, CEO of Team SI said in a news release. "We will continually invest in the technology and talent to provide innovative solutions and exceptional service to our clients."
To qualify for the list, a company must have generated revenue of at least $100,000 in 2011 and at least $2 million in 2014. The list measures the companies’ revenue growth in the last three years and ranks on that percentage.
According to the list, Team SI, a digital marketing firm, has increased revenue 1,670 percent and grown to 48 employees in the last three years, which earned them the No. 276 spot on the list.
The six other Arkansas companies that made the Inc. 5000 list are: Collective Bias, HEBCO, Prime-Line, capSpire, Central Research and Tiger Correctional Services.
Collective Bias, an advertising and marketing company in Rogers, reported 548 percent revenue growth and took the No. 808 spot.
Headquartered in Springdale, HEBCO provides engineering and technical services for the U.S Department of Defense and Department of Energy. Ranked at No. 2,087, the company reported 188 percent revenue growth over the last three years and more than doubled its number of employees.
Prime-Line, a construction manufacturing company in Malvern, ranked No. 2,156 and reported 181 percent revenue growth over the last three years and 20 new employees.
CapSpire, a consulting and services company, added 26 jobs in the last three years and grew revenue 162 percent. The business, based in Fayetteville, ranked No. 2,356.
"There is a clear and direct correlation between our success and the quality of our team," co-founder Jeff Hardcastle said in a news release. "CapSpire has maintained a core principle of hiring only the best and the brightest; be they experienced or young professionals."
Central Research in Lowell provides specialized administrative services to state and federal agencies and had 54 percent revenue growth over the last three years. It ranked No. 4,612.
Software development and government services company Tiger Correctional Services was the last Arkansas business to make the cut with 45 percent revenue growth in the last three years. The Jonesboro company also added 40 employees. It ranked No. 4,934.
