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Entrepreneur: YESTech, Baby, You Are HOT!

June 1, 2005

YESTech, a supplier of automated inspection and yield enhancement systems, announced today its ranking by Entrepreneur Magazine and PriceWaterhouseCoopers in the 11th Annual Hot 100 list of America’s fastest-growing new businesses in the United States (announced a week ago today, and appearing in Entrepreneur’s June 2005 issue). The three-year-old company is ranked at #36.


Entrepreneur Magazine chose YESTech based on its growth rate, sales, capital investments and business performance. Last year the company purchased a new building in San Clemente, California, to function as the company’s headquarters and to include management, engineering, sales, marketing and customer service teams. In the past six months, the company has also opened up regional offices in China, Singapore and the UK to better support sales and support efforts in the respective markets.


According to the business magazine’s announcement, each Hot 100 company was founded no earlier than 2000; had annual sales that exceeded $1 million in 2004; and has a founder with a controlling interest in the business who is actively involved in daily operations. Entrepreneur reports that the hottest industry this year is technology, with 20 of the 100 companies listed falling into this category.


“This year’s Hot 100 companies report $1.5 billion in total sales, a substantial increase from the $795.3 million reported by the companies in 2004. This year's Hot 100 companies also raised over 10 times as much startup capital as last year's group, an increase from $62.1 million to $631.1 million,” according to the company statement.


Other technology products/services providers making it on the Hot 100 list (in no particular order, and only a selection): Infologix Inc., a mobile wireless computing services company; Reprise Media, a search engine marketing firm; Anteo Group, an IT staffing and consulting company; American Broadband Inc., a private network service provider; ExtenData Solutions, LLC, a mobile computing and automated data collection solutions; and Adjoined Consulting, a management consulting, technology integration and outsourcing firm.


(Click me for the complete list of the Hot 100.)

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