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Brier Dudley's blog

Brier Dudley offers a critical look at technology and business issues affecting the Northwest.

October 26, 2010 at 3:32 PM

Bellevue tech company posts 27,276% growth

Video conferencing company Telanetix ranked eighth in Deloitte’s new Technology Fast 500 list of the fastest growing tech copmanies in the U.S. and Canada.

The rank is based on percentage revenue growth from 2005 to 2009 for public and private companies.

Telanetix posted a whopping 27,276 percent growth during that period, increasing sales from $103,000 in 2005 to $28.3 million last year, according to Deloitte’s report.

The company is run by McCaw Cellular veteran Doug Johnson, who joined in 2002 when it was known as AccessLine Communications, an early player in IP telephony. AccessLine merged in 2007 with San Diego-based Telanetix in a $34.9 million deal in 2007, and the combined company stayed in Bellevue.

Ranked first on Deloitte’s list was Hughes Communications of Germantown, Md., which grew sales 164,079%, from $615,000 to $1 billion.

Other high-ranking Washington companies include 27th ranked Visible Technologies, a Bellevue-based online reputation management and marketing service, which grew sales 7,192%, from $134,000 to $9.8 million.

Avalara, a Bainbridge-based sales-tax software company, is 28th on the list with 5,712% growth — from $187,000 in 2005 to $10.8 million last year.

Seattle biotech Trubion Pharmaceuticals is 30th, with 5,058% growth, from $349,000 to $18 million last year.

In 50th place is IsoRay, a Richland medical equipment company, that grew sales 2,586%, from $202,000 to $5.4 million.

Comments | More in | Topics: Entrepreneurs, Startups

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