FGC_10 Years

Pictured above are employees from Precision Revenue Strategies, which ranked first in the 2011 Fastest Growning Compaies list. The top 20 companies
were honored at the Fastest Growing Companies breakfast May 24.
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Corridor’s
$1.50 Cedar rapids/iowa City Corridor’s independent loCally owned Business weekly May 30 - June 5, 2011
john richard
By Gigi Wood
gigi@corridorbusiness.com
It’s as easy as A, B, C.
Readers of the Corridor Business Journal
encounter a lot of acronyms and industry
terms in their weekly issues. Phrases such
as CEO (Chief Executive Officer) are fairly
easy to understand.
Talk like, “Internet retailer of ratchet
straps” starts to become a little more complicated
when reading about companies
such as Clickstop. It took awhile to under-
COrriDOr
Precision Revenue Strategies No. 1 on list
stand the concept of “rugged tablet PCs”
Coralville-based
that Mobile Demand sells. Now, most
people know about, or even own, tablets.
company is a UI
There’s a bit of a learning curve. But
that’s the price, or rather, benefit of be-
spinoff, of sorts
coming versed in the Corridor’s most innovative
and fastest growing companies.
Twenty of those companies were celebrated
May 24 at the Coralville Marriott,
during the 2011 Fastest Growing Companies
breakfast hosted by the CBJ.
Within this issue, the CBJ unveils the
top 20 Fastest Growing Companies for
the year. To earn a spot on the list, businesses
had to meet a number of criteria.
First, companies had to earn at least
$350,000 annually. Those companies
then submitted three years of tax forms
or audit statements to Honkamp Krueger
& Co., a Hiawatha-based accounting
firm, which independently tabulated the
Corridor Business Journal
845 Quarry Rd. Ste. 125
Coralville, IA 52241
results. The winners were selected based
on their growth during the previous
three years.
The list was started in 2008, when the
now-closed soybean-oil-producer Asoyia
ranked first with 856 percent growth.
Bochner Chocolates was ranked No. 1 in
2009, with 427 percent of growth.
Interesting trends surfaced in this
FOCUS:
Fastest
Companies
Featuring the CBJ List of
Fastest Companies
JOHNSON COUNTY
Property buys
raise ire in
residents,
officials
Coralville council
calls them necessary
By Gigi Wood
gigi@corridorbusiness.com
Area residents during the past two weeks
witnessed first-hand the process of government,
as well as media, when reports
surfaced about three property purchases
in and near Coralville.
The Coralville City Council published
its meeting agenda on May 20, prompting
media reports about three property purchases
on the docket.
First up was the purchase of 723 Edgewater
Dr., the last residence remaining
along the Iowa River near the Coralville
Marriott. The city has been buying out
the properties since the flood of 2008. According
to federal flood regulations, the
land cannot be redeveloped.
“We can’t develop it because we used
FEMA (Federal Emergency Management
Agency) funds to buy it; it will be all open
space,” said Coralville Councilor John
Lundell.
Mark Brown, owner of 723 Edgewater
Dr., his father’s home, has been the lone
holdout during the buyout process. The
other homes have been demolished and
crews have raised the road to serve as an
earthen berm during future flooding. Additional
work this summer will add additional
mitigation improvements to the
On the go
Clickstop President Tim
Guenther shares the secrets
of his company’s success.
Noodle house open
Noodles & Co. opens location
in Coralville.
Fastest Growing Companies 2011
(Ranked by percentage revenue increase from 08-10)
RANK NAME HOMETOWN PERCENTAGE GROWTH
1 Precision Revenue Strategies Inc. Coralville 292.2
2 Health Solutions LLC Hiawatha 274.7
3 Skywalk Group Cedar Rapids 212.1
4 Clickstop Inc. Urbana 179.9
5 MindFire Communications Inc. Cedar Rapids 127.6
6 MobileDemand Hiawatha 119.4
7 Thomas L. Cardella & Associates Cedar Rapids 105.0
8 Ovation Networks Cedar Rapids 87.5
9 Crystal Group Inc. Hiawatha 84.6
10 Raining Rose Cedar Rapids 73.7
11 HR Green Cedar Rapids 71.9
12 Children’s Center for Therapy Iowa City 54.6
13 MD Orthopaedics Wayland 49.7
14 Geonetric Cedar Rapids 47.8
15 TMone Iowa City 43.7
Source: The companies featured on this list submitted information to an independent auditor for verification.
City-Coralville area.”
By September 2014, the company had grown so much
that it needed more space, and built a second building
next door. The company leases its buildings and may be
looking for more space in the future as it continues to
expand, Mr. Klitgaard said.
MediRevv had 70 employees when it was named the
Corridor’s Fastest Growing Company in 2011; it now employs
300 more, and Mr. Klitgaard expects that number
to hit 425 by the middle of this year.
As word of MediRevv’s success has spread, so has its
business. The company had about a dozen contracts in
2011; it now has 55 contracts nationwide. Keeping up
with changes in health care, MediRevv launched a new
coding division launched four years ago and also has a
full business outsourcing division.
Its continual reinvention and growth has kept the company
in the Corridor’s Fastest Growing ranks. It marked
its fifth-consecutive appearance on the list this year with a
No. 24 ranking and 42.3 percent revenue growth.
“We have to innovate with the constant evolution of
the industry,” Mr. Klitgaard said. “Our most important
aspects are partners, people and performance.”
- Angela Holmes
Hanna Plumbing & Heating
would like to congratulate
all the fastest growing
companies honored by the
Corridor Business Journal!
319.377.2809
CBJ’s Fastest Growing Companies 10th Anniversary 17