5 Charlotte companies make Inc. 500 list
08/21/2014 9:34 AM
08/21/2014 9:36 AM
A maker of touchscreen technology, an aviation staffing agency and a company that makes applications for cloud mapping are among five Charlotte companies that made the Inc. 500, a widely watched annual ranking of the fastest-growing private U.S. companies.
The highest-ranking Charlotte company on Inc. magazine’s 2014 list is Boxman Studios, which retrofits unused shipping containers into hospitality units that can be used for trade shows and vendors. It ranked No. 120 on the list.
Each year the magazine releases a list of the 5,000 fastest-growing U.S. private companies, ranking them by three-year revenue growth. Of that 5,000, the top 500 companies are also recognized.
Boxman, founded in 2009, has added 40 jobs since it started and generated $4.3 million in revenue last year, compared with $136,194. That’s a three-year growth rate of more than 3,000 percent.
“It’s not about the fact that we made (the list),” CEO David Campbell told the Observer. “It’s about surrounding yourself with the best people you can and doing the best you can.”
The company’s philosophy to improve products through change, not maintenance, has bolstered its popularity with clients, he said. Plans for Boxman include expanding into both national and international regions, and developing new product lines.
Other Charlotte companies included in the top 500:• Cloudbilt (No. 227), which makes apps for companies that use Salesforce.com, a global cloud computing company. Cloudbilt generated $4 million in revenue last year, compared with $194,521 in 2010. CEO John Stewart credits company growth in part to its partnership with Salesforce.com, allowing the firm to develop a customer list that “reads like a who’s who” of big businesses.
• Titan Electric Co. (No. 390), an electrical contractor that undertakes multifamily and student housing projects, and attributes its growth to maintaining connections with out-of-state and in-state clients. The company earned $10.9 million in revenue last year, up from $843,773 in 2010, and added 83 jobs over the last three years.
• In-Flight Crew Connections (No. 450), an aviation staffing agency that provides companies and individual plane owners with flight attendants, flight mechanics and pilots. In-Flight Crew Connections made $9.3 million in revenue last year, up from $831,690 in 2010, and added 399 jobs between 2010 and 2013.
• T1Visions, (No. 456), which makes touchscreen hardware and software products for public use, including touch chalkboards and menus. T1Visions generated $2.4 million in revenue last year, up from $212,000 in 2010. CEO Mike Feldman said the company capitalized on growing demand for touch technology and works with individual companies to launch touchscreens.
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