Wednesday, August 22, 2012

Sacramento-area firms hit top 1000 on rapid-growth list - Sacramento Bee

A handful of Sacramento-area companies cracked the top 1,000 in Inc.'s annual list of the nation's fastest-growing private companies.

Inc., which also publishes a magazine, released its 2012 list online Tuesday. The list of 5,000 companies dates back to 1981.

Elk Grove's Cartagz, a firm that helps California vehicle owners avoid trips to the state Department of Motor Vehicles through its online services, topped all local firms with a No. 10 ranking and a three-year growth rate of 10,237 percent. Inc. said Cartagz employs 10 and had 2011 revenue of $14.2 million. Ranking is based on percentage revenue growth since 2008.

Other area companies cracking Inc.'s top 1,000 included:

• No. 464: Matrix Energy Services in Sacramento, with 822 percent growth, 2011 revenue of $14.6 million, 150 employees.

• No. 536: Information technology firm LCS Technologies in Orangevale, with 703 percent growth, 2011 revenue of $8.9 million, 14 employees.

• No. 572: Retail Radio in Citrus Heights, with 647 percent growth, 2011 revenue of $2.3 million, 14 employees.

• No. 637: M Corp of Sacramento, with 569 percent growth, 2011 revenue of $15.3 million, 40 employees.

The full list can be seen at www.inc.com/5000.

â€" Mark Glover

Area home values dip, rents rise for July

Sacramento metro-area home values declined 1.5 percent year over year in July, but monthly rents rose 5 percent in that time, according to Zillow.

The Seattle-based data company put the Sacramento region's median home value at $204,000 in July this year. The median monthly home rent at that time was $1,478.

Nationally, Zillow said rents rose 5.4 percent to a median of $1,278 from July 2011 to July 2012, and the median home value edged up 1.2 percent to $151,600.

Foreclosures continued to decline in July, with 5.7 out of every 10,000 homes in the nation being foreclosed, down from 6.5 June.

"This summer, the housing market continued to heal as home values experienced their eighth consecutive month of increases," said Stan Humphries, Zillow's chief economist."

â€" Mark Glover

Global Digital Solutions to buy Airtronic USA

Folsom-based Global Digital Solutions Inc., a provider of security and consulting services, said it has signed a letter of intent to acquire Illinois-based small-arms manufacturer Airtronic USA Inc.

Financial terms were not disclosed. The local firm said Airtronic will operate as a GDSI subsidiary.

The agreement is subject to approval by the companies and U.S. Bankruptcy Court for the Northern District of Illinois, Eastern Division. Airtronic is in Chapter 11 reorganization.

â€" Mark Glover

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