List

2008 Hot100

Nov./Dec. 2008
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The 2008 list of Tennessee companies that are fast-growing, emerging and brimming with promise

BusinessTN's Hot100 is our annual look at Tennessee companies on a roll. Fast-growing, emerging or simply full of promise, they represent the best Tennessee has to offer in terms of entreprenuerial vision and growth. From startups getting their financial legs beneath them to more established companies whose mature growth is remarkable, this patchwork of companies—big and small, highly profitable and increasingly profitable, full of dreams or realizing their dreams—is perhaps best described as a list of companies to watch.

Selection is based on numerous factors, ranging from revenue and employee growth to growth over a period of years, growth as compared to industry average, projected growth and projected pitfalls, among other criteria. But the Hot100 also involves editorial judgment. While most of the companies reflected here applied to be considered for the list, many were chosen by BusinessTN staff based on awareness of a company's success or references from knowledgeable sources about area companies performing well.

Among these editorial selections are a handful that don't quite meet the Hot100 requirement that eligible companies generate at least $750,000 in revenue. The promise of near—term growth for these companies, combined with their stories, so fit the list's mission to identify "hot" companies that we made room for a few of them this year.

In sum, the second annual Hot100 spotlights companies that are enriching our local and regional economies, providing jobs and fueling the Volunteer State's entrepreneurial culture. These businesses speak volumes about the value of free enterprise—especially amid today's challenging economic times. They aren't a bad read, either.

Hot100 2008

Saratoga Technologies

Johnson City
David Temple
President

"Saratoga's core offering is managing the computer networks of small- and mid-sized companies. Founded in July 2001 as a Tennessee-registered corporation that originated as a subsidiary of Cape Town, South Africa's Saratoga Software, Saratoga immediately began an acquisition campaign. To date, they have made 12 acquisitions and have grown from two employees to over 60 in just seven years. The company was recently ranked #48 in Accounting Technology magazine's 2008 national list of the country's top accounting solutions providers, up from #79 last year. (Only two Tennessee-based companies made the list.)"

Satellite Technology Implementation

Alcoa
Dan Norman
Founder & President

"Dan Norman makes highways in the sky. The former program director of life flight helicopter services at Erlanger Hospital in Chattanooga—home of the first certified GPS approach—stepped out on his own to form STI in 1996. Today, his company creates GPS-capable helicopter approaches in 25 states and has been responsible for the development of 95% of all such approaches operating in the United States. Clients include the Mayo Clinic, the state of Maine, and the UT Medical Center."

S.D. Professionals

Sevierville
Jacob Timmons
President

This multimedia and Web development firm built the technology responsible for providing over 500,000 books to children each month through the Imagination Library, the literacy brainchild of fellow Sevier County native Dolly Parton. S.D. also created the graphic & Web site designs which graced Parton's latest world tour. Earlier this year, the firm created the visual animation for Parton's appearances on American Idol episodes. At press time, the company was working with the Boys & Girls Club on a project that included Kareem Abdul-Jabbar.

Showhomes

Nashville
Bert Lyles
CEO

"A very large home-staging company, Showhomes has 29 franchises in 19 states and is rapidly growing due to current real estate market conditions. Since its inception in 1986, Showhomes has used home staging to help homeowners and their real estate agents sell over 25,000 homes valued at over $8 billion."

Smith Travel Research

Hendersonville
Randy Smith
CEO

"Hotel owners and operators, management companies, real estate consultants, appraisers, lenders and even entrepreneurs looking for an investment opportunity need great data. Smith Travel Research is the recognized leader for U.S. Lodging Industry benchmarking, maintaining one of the world's largest lodging industry databases and publishing an array of valued industry research materials. STR recently acquired Colorado-based RRC Associates."

SMS Holdings

Nashville
Keith Wolken
Chairman

"SMS provides facility management, transportation support, and security services for a number of key industries nationwide, including the aviation, health care, hospitality and retail markets. Founded 20 years ago this year to serve the shopping center industry, SMS has grown from two people and two malls to more than 13,000 employees at more than 340 locations in 43 states and the District of Columbia. Its most recent acquisition was a 1,700-employee Kentucky outfit, pushing revenues to around $330 million annually."

SRS

Gallatin
Dewayne Scott
President & CEO

"SRS, specializing in construction, real estate/development and disaster recovery services, started in 2001 and is the largest African-American-owned construction management company in Middle Tennessee. The company has successfully been awarded and/or completed over 80 projects for a variety of federal entities in the past five years, including Hurricane Katrina and Rita relief services in Louisiana for Homeland Security's FEMA division."

Sunshine Enterprise

Memphis
Wei Chen
President & CEO

"Chinese-born logistics entrepreneur Chen established Sunshine in 1998 as a scaffolding and construction products manufacturer and distributor. The company quickly expanded to become a leading importer/distributor of construction equipment, bridging the differences between the U.S. and China within manufacturing. Chen's portfolio of businesses now boasts offices in Memphis, New York, Los Angeles, Houston, Atlanta and four Chinese cities."

Tennessee Bun Co.

Nashville
Cordia Harrington
Owner & CEO

"Founded as a single-purpose bakery for McDonald's in 1997, today Tennessee Bun Co.'s high-speed bun lines bake over 1,000 buns per minute and serve clients that include McDonald's, Chili's, Pepperidge Farm and O'Charley's across the Southeast U.S. and the Caribbean Islands. Aggressive growth is coming from snapping up available talent and facilities being vacated by other companies. Through the years, the company has diversified into bun packaging, bun transport and cold storage."

Tennessee T-Cakes

Nashville
Frances Barkley
CEO & Owner

Divorced and with four children to feed, Barkley's entrepreneurial spirit kicked in. She took half of the house settlement and opened a business. Neither cupcake, candy or cookie, a T-Cake is a confection. The Food Network's Deen Brothers showcased it on their series, and Oprah Winfrey voted it one of the four best cakes in the country in 2006, exposure that caused sales to explode. Barkley has come a long way from driving a cargo van across the South to sell T-Cakes at Christmas fairs. Already in Whole Foods stores, Barkley had, at press time, moved into 169 Kroger stores.

The Barr Group

Nashville
Monica Restrepo Galyon
President & Owner

"A Hispanic-owned distributor of promotional products, from drink ware to candles to golf items, The Barr Group also provides printing and signage services. Growth in the promotional products industry has been steady as more and more businesses use such products in marketing programs designed by distributors like The Barr Group. The company has also partnered with other entities to offer specialty chemicals and cleaning products, fasteners and industrial products like adhesives and power tools."

The Buntin Group

Nashville
Jeffrey Buntin Jr.
President & CEO

"Founded in 1972, The Buntin Group, Tennessee's largest brand communications agency and one of the top 135 in the U.S., is well positioned to benefit from companies that are increasing their marketing allocation as the economy weakens. The company was recently named the agency of record for the Tennessee Lottery. Two in-house businesses—Buntin Out-of-Home Media (outdoor advertising formats) and Trialogue (three-way conversations between brands and their audiences)—are fueling growth."

The Human Capital Group

Brentwood
Steve Hayes
Founder & Sr. Partner

"As an HR professional, Hayes climbed the corporate ladder with several well-respected organizations (Amoco/BP, Frito-Lay, Magnetek, Russell Athletic). However, after nine moves in his first 14 years of marriage—with five kids in tow—he wanted to stop the gypsy lifestyle. Hayes' previous CEO strongly suggested that Hayes start his own business—and committed to being his first client. The retained executive search firm at press time had expanded to five locations with the establishment of new offices in Orlando and Miami and was actively targeting expansion into Seattle, Indianapolis, Austin and Charlotte.

The Jones Co.

Franklin
Richard Chapman
President & Partner

"The 80-year-old family-owned residential homebuilder, originally from St. Louis but based in Tennessee since 1993, builds in 17 communities in five counties in Middle Tennessee. Out of the top 130 builders across the nation, The Jones Co. was one of only 20 that had an increase in revenue in 2007, according to Builder magazine, which ranked the company 33 spots higher this year, as the 129th largest builder in America."

TNA Entertainment

Nashville
Jerry Jarrett
Founder

"Founded by Jarrett and his son, Jeff, TNA Entertainment, home of Total Nonstop Action Wrestling, is a promoter of professional wrestling events. A YouTube sensation, the company features pay-per-view and live events, as well as programming on SpikeTV. TNA boasts Orlando offices in addition to its Nashville headquarters, which recently added a 15,000-square-foot, high-definition post-production facility—the new home to TNA's weekly TV show and monthly pay-per-view events, which are aired around the world."

Tricycle

Chattanooga
Jonathan Bragdon
President

"Design and technology services company Tricycle has since 2002 helped commercial interiors manufacturers, interior designers and architects reduce ""sample waste"" with products and services that make specification faster, cheaper, and greener—from product development to merchandising to sampling. The company launched with a paper sample product that replaced the need for actual carpet slabs—a product that is now the norm in the industry—and which the company estimates has saved tens of thousands of gallons of oil and diverted tens of thousands of pounds of waste from landfills."

uMonitor

Memphis
Dinesh Sheth
CEO

"uMonitor helps financial institutions leverage the Internet to provide a range of business services. Its flagship products are uOpen & uFund, an online account opening and funding service, and uTransfer, an online money movement service. As more banks, credit unions and financial professionals move to the online direct channel, uMonitor's revenues are likely to trend positively."

Walden Security

Chattanooga
Michael S. Walden
President

"Cofounded by Walden (a former U.S. Navy master training specialist prior to becoming a Chattanooga police officer) and his wife Amy Walden, a one-time dispatcher with the Chattanooga police department, Walden Security is one of the fastest-growing contract security companies in the nation. Since 1990, the family business has diversified geographically into sixteen states. Growth is anticipated from more federal government contracts."

WireMasters

Columbia
David C. Hill
President & CEO

"WireMasters was founded in Franklin to make parts used in the manufacture of electronic cable controls in planes, missiles, helicopters, tanks, ships—even space shuttles and satellites. Hill exercised an employee buyout of the company in 2001 using $4 million in leveraged asset bank financing. At that time, the company employed 18 people. Today, relocated to Columbia, the 92-employee company helps develop sophisticated weapons and support devices for the fight against world terrorism."

Wunderlich Securities

Memphis
Gary Wunderlich Jr.
Founder & CEO

"Wunderlich Securities was founded in 1996, with eight employees in a single office in Memphis, after Wunderlich and others bought Crisler Tipton & Co., a longtime Memphis entity. Within a few years, the company, including partner and president Philip Zanone Jr., had expanded to Houston, Chicago, St. Louis and New York. Today the full-service brokerage firm has $3.5 billion in assets under management, more than 250 professionals in offices around the country, including three New York offices and operates other major business lines including investment banking."

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