Record number of Idaho businesses make Inc. 5000 list

Eight Idaho businesses have made significant revenue growth in the past few years, which has propelled them onto the 2020 Inc. 5000 list, a prestigious list of the fastest-growing privately held small businesses in the U.S.

Medical Information Software Technology — a Coeur d’Alene-based health care software and consulting business — has joined the ranks this year, and Jodie Sinclair, president and CEO, said that indicates success of the business’s mission.

“I feel this honor is a recognition that’s really been earned by my team,” Sinclair said. “We have a strong culture that elevates the success of our clients through a human touch. We strive to be the company that comes to mind first, when a clinic needs help.”

Medical Information Software Technology (commonly called MIST) had an average of 71% growth in the three-year time period Inc. 5000 measured, which ranked MIST at 4,497. MIST, which has about 19 full-time employees, was founded in 2006 by Sinclair and another partner.

The business is 100% self-sufficient, she added, and that is also attributed to ensuring each department operates as a profitable business unit.

Altogether, 27 Idaho businesses made the Inc. 5000 list this year (up from 21 last year), with 19 returning from previous years. Business products and services, construction and software were the most represented industries.

Other Idaho businesses new to the list:

• Get Found First, based in Blackfoot, ranked 956 with 485% growth
• Neurilink, based in Boise, ranked 1,261 with 355% growth
• Leisureland RV Center, based in Boise, ranked 1,903 with 222% growth
• Kno2, based in Boise, ranked 2,107 with 199% growth
• Elite Restoration, based in Twin Falls, ranked 2,658 with 152% growth
• Magic Valley Electric, based in Jerome, ranked 3,763 with 96% growth

Small, local businesses have been historically touted as the “lifeblood” of Idaho, and industry leaders and state government leadership have long-held that not only is the Treasure Valley a strong environment for local businesses to be successful but the entire state of Idaho is a place small businesses can thrive.

Treasure Valley businesses alone report $303.2 million in revenue on the list.

In Time Tec, a software company in Meridian, is lauding its fifth year on the Inc. 5000 list, an honor that only 4% of companies achieve, according to Jeet Kumar, In Time Tec’s CEO and co-founder. In Time Tec made the list at 3,722 with nearly 98% growth.

“Being in the list of one of the fastest-growing privately held companies in America for the five years in a row shows our employees’ consistency and commitment to creating abundance for our partners and clients,” Kumar said in a statement. “In Time Tec to find itself in this elite group of companies is a result of its unshakable stand for employees, partners, clients, and communities it operates.”

In total, these 27 businesses raised $596.7 million in revenue, according to the Inc. 5000 list, and the median growth was 209%. Approximately 966 jobs were added.

The entire interactive Inc. 5000 list is available at inc.com/inc5000.

The 19 repeat Idaho businesses on the Inc. 5000 list were reported as follows:

• Maverick Media Ventures, based in Garden City, ranked 622 with 755%
• NanaMacs Clothing Co., based in Post Falls, ranked 832 with 572% growth
• Stukent, based in Idaho Falls, ranked 1,067 with 434% growth
• Etison, based in Eagle, ranked 1,257 with 356% growth
• Dollar Fulfillment, based in Hayden, ranked 1,265 with 355% growth
• EETech Media, based in Boise, ranked 1,289 with 347% growth
• ConvertKit, based in Boise, ranked 1,329 with 336% growth
• FyberCom, based in Idaho Falls, ranked 1,333 with 334% growth
• Amherst Madison Treasure Valley, based in Boise, ranked 1,424 with 311% growth
• Joseph’s Precision Precast Erectors, based in Post Falls, ranked 1,943 with 217% growth
• Verified First, based in Meridian, ranked 2,032 with 208% growth
• Ridgeline Insights, based in Boise, ranked 2,058 with 205% growth
• Ventive, based in Boise, ranked 2,253 with 185% growth
• VELOX Media, ranked 2,630 with 154% growth
• Pointe Pest Control, based in Liberty Lake, ranked 2,740 with 146% growth
• Allied Business Solutions, based in Boise, ranked 4,076 with 85% growth
• Outback Landscape, based in Idaho Falls, ranked 4,428 with 73% growth
• Giltner Logistics, based in Twin Falls, ranked 4,434 with 73% growth
• Fisher’s Document Systems, based in Boise, ranked 4,992 with 55% growth