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Valocity named to Business TN's Fast50 inaugural list REPRINTED FROM BUSINESS TN Magazine (www.businesstn.com) December 2004 by David A. Fox
The companies represented on this list testify to Tennessee's diverse economy. Included are businesses that repair railroads, produce insurance pre-certification software, provide kidney dialysis and make pizzas. Whiles features such as the Fast50 tend to attract new companies, a surprising number on the 2004 list are decades-old companies that successfully have kept their organizations invigorated and hungry for growth. The following 50 businesses represent $1.4 billion in aggregate sales in the most recent year -- a year in which the average Fast50 company's sales doubled. (To be sure, one company's 15-fold jump in revenue helped the averages, which would have been a still-hearty 78% without the shooting star.) Unlike most other content published in Business Tennessee, which in internally generated by our editorial staff, the Business Tennessee Fast50 depended on nominations. We contacted 100-plus Chambers of Commerce across the state, roughly a score of local economic development agencies, our regular monthly readers and members of the Tennessee chapter of the National Federation of Independent Business. The response was heartening. To qualify, Fast50 nominees must have been in business for at least three years, generate more than $750,000 of revenue, employ five or more people, be independent and privately owned (not publicly traded or a subsidiary) and be headquartered in Tennessee. The selection criteria then was based solely on average annual sales growth since 2001. KraftCPAs, an independent accounting firm with offices in Nashville, Columbia and Lebanon, kindly reviewed the nominations as they arrived. The result as published over the next several pages is an elite list of businesses sure to hold some of the state's best growth prospects. We applaud their accomplishments and look forward to examining their progress next year. VALOCITY -- Founded six years ago as Appraisal Forum by Bethany and Carsten Kaaz, the company took the name Valocity in April 2004. Its Instant Access product is a web-based appraisal and data storage system that enables clients to order, tract, receive and store residential property information and valuation reports. Valocity employs 71 people, including staff appraisers, and has a network of more than 1,800 independent contract appraisers nationwide. In 2003, at the urging or private equity investor, Delta Capital, Valocity recruited CEO Shawn McGowan from San Diego. (
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