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Led by PayKings, 73 Tampa Bay firms make 2016 Inc. 5000 list of fastest growers

The Inc. 5000 lists Clearwater digital security company KnowBe4 as one of the fastest growing companies in the region. In this photo, account manager Liz Dawson has a view of downtown, Clearwater Bay and the distant Gulf of Mexico from her office. Photo by Robert La Follette, Courtesy KnowBe4.

The Inc. 5000 lists Clearwater digital security company KnowBe4 as one of the fastest growing companies in the region. In this photo, account manager Liz Dawson has a view of downtown, Clearwater Bay and the distant Gulf of Mexico from her office. Photo by Robert La Follette, Courtesy KnowBe4.

A 5-year-old Apollo Beach credit card processing firm called PayKings racked up a dazzling 7,905 percent growth rate, landing it as the 22nd fastest growing company in the country and tops in the Tampa Bay market, according to a newly released 2016 Inc. 5000 list.

PayKings had revenues last year of $8 million and six employees, says Inc. Area companies closely trailing PayKings's formidable 3-year growth rate are The Penny Hoarder, a downtown St. Petersburg financial advice website, ranked No. 2 in Tampa Bay and No. 32 nationwide with 6,934 percent growth and $7.5 million in revenues last year. Right behind are three Clearwater companies: telecommunications firm Stratus Video (4,190 percent), Medicare insurance seller E-Telequote Insurance (2,909 percent), and online security provider KnowBe4 (2,528 percent).

In all, 73 Tampa Bay companies made this year's Inc. 5000 list, an annual ranking of the fastest growing U.S. businesses and a celebration of entrepreneurial spirit.

We look at the Inc. 5000 each year for insights into the Tampa Bay and Florida economy, the types of businesses that are the fastest growers and which companies have the resilience to keep showing up year after year after year.

PayKings, The Penny Hoarder and KnowBe4 are among 20 area first timers on the Inc. 5000 list. This is year four for Stratus Video and the second for E-Telequote.

Since the Inc. 5000 list ranks companies by growth rates, it naturally favors smaller, younger companies that can put up big, early numbers. But plenty of Tampa Bay firms that are larger and older repeatedly appear on the Inc. 5000. This year they range from Riverview's BlueGrace Logistics, logging its fourth appearance; to College Hunks Hauling Junk and Moving; and Kobie Marketing, back for the seventh time.

Three "heavyweights" of Tampa Bay — those appearing most often on the Inc. 5000 and still on it this year — are Tampa medical benefits manager myMatrixx (8 years), Tampa software developer AgileThought (9 years), and the granddaddy of the area Inc. 5000, Oldsmar IT services provider Vology (11 years). Their growth rates have inevitably slowed over time, but remain brisk enough to make the latest Inc. 5000. Vology ranks No. 3,198 this year.

Last year's top ranked growth company in this market was Tampa drug-testing business Physicians Toxicology Laboratory, then ranked No. 59 nationally with a 3-year growth rate of 4,415 percent. Tops in 2014 was medical software firm MedHOK — now growing slower at No. 1440.

Who's No. 1 on the Inc. 5000 nationwide? Loot Crate of Los Angeles sends creative "monthly themed boxes of items" to more than 600,000 subscribers. It grew 66,789 percent. Tops in Florida and ranked No. 20 nationally is Hollywood-based Tribeca Marketing Group. Up 8,935 percent, it caters to higher education clients.

Contact Robert Trigaux at Follow @venturetampabay.

The 73 Tampa Bay firms to make the Inc. 5000 fastest growing list

U.S. rank/Company3-yr GrowthRevenueIndustry
22 PayKings7,905%$8mFinancial Services
32 The Penny Hoarder6,934%$7.5mMedia
66 Stratus Video4,190%$11.5mTelecommunications
113 E-Telequote Isurance2,909%$15.5mInsurance
139 KnowBe42,528%$6.8mSecurity
281 Private Label Skin1,397%$21mManufacturing
285 The Fulfillment Lab1,375%$8.4mLogistics & Transportation
418 Harmony Healthcare922%$40.1mHealth
434 Digital Media Solutions881%$54.1mMedia
498 Cabinets.com768%$13.9mRetail
532 Beneficial Blends725%$5.3mFood & Beverage
543 USA Staffing Services715%$5.8mBusiness Products & Services
654 SiteREADY597%$5.3mBusiness Products & Services
739 Progressive Dental537%$6.5mAdvertising & Marketing
777 Crunch Fitness West Florida and Atlanta514%$10.9mHealth
889 Lubke Construction449%$3mConstruction
1100 The Duncan Duo & Associates352%$5.7mReal Estate
1150 GovDirect338%$7.2mComputer Hardware
1167 Happy's Home Centers333%$4.6mConsumer Products & Services
1281 Focus School Software301%$11.9mEducation
1440 MedHOK266%$38.8mHealth
1601 Benzer Pharmacy236%$125mHealth
1638 Pure Air Control Services229%$6.8mEnvironmental Services
1695 DAS Health219%$10.7mHealth
1710 Nitro Mobile Solutions217%$3mSoftware
1736 Solution Source214%$3.2mConstruction
1871 College Hunks Hauling Junk and Moving199%$33.7mConsumer Products & Services
1939 CWU192%$29.5mGovernment Services
1948 Mac of all trades191%$14.7mComputer Hardware
1998 RISA187%$2mGovernment Services
2025 Splash and Dash for Dogs184%$2.3mRetail
2035 ReEmployAbility183%$4.5mInsurance
2051 Baldwin Risk Partners182%$24.4mInsurance
2120 Rapid Web Services175%$7.1mSecurity
2121 Harwood Financial Group175%$4.5mFinancial Services
2132 Alakai Defense Systems174%$9.9mGovernment Services
2153 EDDM Experts171%$3mAdvertising & Marketing
2174 Tower Cloud169%$41.4mTelecommunications
2262 Kobie Marketing161%$45mAdvertising & Marketing
2326 Atlas Professional Services156%$4.2mIT Services
2433 Onicx148%$27.4mConstruction
2490 Fund&Grow143%$2.6mFinancial Services
2721 Point & Pay129%$21.6mFinancial Services
2887 Corporate Computer Solutions120%$8.6mIT Services
2994 Eagle Datagistics114%$4.9mIT Services
3050 BMG Conveyor Services112%$6.5mManufacturing
3061 Murphy Business & Financial111%$8.5mBusiness Products & Services
3158 Direct Components107%$3.5mComputer Hardware
3198 Vology105%$168mComputer Hardware
3264 link-systems International102%$9.7mEducation
3293 Novus Medical Detox Centers101%$5.8mHealth
3316 Convergence Consulting Group99%$10.7mIT Services
3329 i9 Sports99%$10.4mConsumer Products & Services
3346 Engage Behavioral Health98%$3.6mHealth
3526 Creative Sign Designs90%$21.1mManufacturing
3542 BlueGrace Logistics89%$168.2mLogistics & Transportation
3559 Power Design89%$266mConstruction
3604 Amzur Technologies87%$11.4mIT Services
3821 Squaremouth79%$4.9mTravel & Hospitality
3990 AgileThought73%$29mSoftware
4059 The Spice & Tea Exchange71%$6.5mRetail
4103 myMatrixx69%$123.2mHealth
4189 Answer First Communications66%$4.8mBusiness Products & Services
4245 Alltrust Insurance64%$7.5mInsurance
4311 IT Authorities62%$9.2mIT Services
4445 4th Source58%$25mIT Services
4548 Acts36055%$2.1mIT Services
4582 Shield Watch54%$2.3mIT Services
4673 Compass HRM51%$2.8mSoftware
4775 Modern Enterprise Solutions48%$18.7mComputer Hardware
4805 Radiance Medspa47%$2.4mHealth
4887 NetDirector44%$5.7mSoftware
4893 imageMEDIA.com44%$6.5mAdvertising & Marketing
Source: Inc. magazine, 2016 Inc. 5000 rankings August 2016

Led by PayKings, 73 Tampa Bay firms make 2016 Inc. 5000 list of fastest growers 08/17/16 [Last modified: Wednesday, August 17, 2016 4:27pm]
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