Dallas IT Firm Leads 184 Fast-growing D-FW Companies in This Year's Inc. 5000

Dallas-Fort Worth is well-represented on this year's Inc. 5000 ranking of fastest-growing private companies in the U.S. Leading the local companies for percentage revenue growth over the last three years is Allata, a Dallas IT firm founded in 2016 by Matt Rosen. It posted an eye-popping growth rate of 6,134% to finish 2018 with revenue of $15.2 million.Rosen is a former vice president at Pariveda Solutions, another IT firm that's among the 184 companies based in North Texas to score spots in the ranking. Inc. magazine compiles the annual list to shine a spotlight on the economic strength of fast-growing businesses.In Texas, D-FW again bested the state's other major metro areas for most companies on the list. The Houston-area has 119 companies in the ranking, while Austin claimed 103 spots. San Antonio has 23 firms on the list.North Texas ranks first among the nation's 20 largest metro areas for small business job creation in the last year in Paychex | IHS Markit's monthly tracker. The region added more than 120,000 jobs from June 2018 to this June, according to the latest Bureau of Labor Statistics data. It's had a six-figure increase in five of the first six months of 2019.The Inc. 5000 companies represent the diversity of D-FW's economy, ranging from software and retail to health care and financial services. The highest-ranked Texas company, Cece's Veggie Co. of Austin at No. 3, makes noodle alternatives from vegetables. It's veggie-based rice and macaroni and cheese is sold in Whole Foods, Kroger and Costco.Fort Worth financial services company First American Payment Systems' $783.9 million in 2018 revenue ranked highest among North Texas firms. Nationally, year-over-year revenue growth remained strong for the first half of this year -- an 8.5% increase -- for companies with between $10 million and $1 billion in annual revenue, according to the National Center for the Middle Market. It said 77% of middle market firms reported yearly gains.D-FW also is home to 69 publicly-traded companies with annual revenue of more than $1 billion.   Continue reading...

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