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 SPECIAL REPORT: VIRGINIA’S FANTASTIC 50


Strength in numbers T


Median revenue growth rate increases for top companies by Robert Powell


his year’s Fantastic 50 companies are showing some revenue-generating power.


The annual list of Virginia’s 50 fastest-


growing companies recorded median revenue growth of 417 percent for 2013 through 2016. That number represents a substantial jump from the median growth rates seen in the past two Fantastic 50 lists, 281 percent last year and 226 percent in 2016.


An accelerating growth pace also was


seen at the top of this year’s list. Ashburn- based B.E.S. Technology Inc. led the group with a 2013-16 revenue growth rate of 2,709.2 percent. That number is 861 per- centage points higher than last year’s overall winner, Stafford-based Darkblade Systems, whose growth rate was 1,848 percent from 2012 to 2015.


In addition to B.E.S. Technology, four


other companies are Vanguard winners on this year’s list. They posted the highest rev- enue growth rates in their industry groups.


Those companies are:


• Service: Alpha Omega Integration LLC, a McLean-based information technology and consulting firm with a revenue-growt h rate of 1,610.4 percent.


• Technology: DH Tech, a Leesburg- based systems integration and virtual- ization services company, with a rate of 1,269.2 percent.


• Manufacturing: O’Connor Brewing Co., a Norfolk-based craft brewery.


• Retail/wholesale: Brandito LLC, a Richmond-based promotional market- ing and corporate apparel company, with a rate of 297.1 percent.


Northern Virginia companies contin-


ued their dominance of the Fantastic 50, occupying 38 of the 50 spots on the list. Nine of the companies are based in Hamp- ton Roads, and three are from Central Virginia. To be eligible for the list, a company


must have recorded revenue of at least $200,000 in 2013. It also must post a profit in 2016 and have revenue of less than $200 million in its most recent fiscal year. The Fantastic 50 winners were recog-


nized at a banquet hosted by the Virginia Chamber of Commerce in late April at the Westfields Marriott Washington Dulles hotel in Chantilly. The accounting firm Dixon Hughes


Goodman reviews financial records of the entries to determine the winners. Virginia Business is a sponsor of the program.


Your business is taking a giant leap forward.


Let us guide you through your next growth challenge.


Our global economic development, commerce and government relations group works with state, regional and local government entities in Virginia, across the United States and around the world to facilitate business growth for companies aiming to enter new markets or expand their operations here and abroad.


Led by Todd Haymore, formerly Virginia’s Secretary of Commerce and Trade and Secretary of Agriculture and Forestry as well as corporate executive at two global Fortune 1000 companies, the group helps businesses negotiate economic incentive packages, manage complex business expansion projects and capitalize on international trade opportunities.


Visit www.hunton.com or contact Todd Haymore at thaymore@hunton.com or +1 804 788 7212 to learn more.


www.VirginiaBusiness.com


VIRGINIA BUSINESS


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