With an amazing 18,000 percent growth between 1991 and 1994, Erudite Software & Consulting Inc., 406 W. South Jordan Parkway, was named the fastest-growing company in Utah by the Moun-tain-West Venture Group Wednesday.
Officials of the company, along with representatives of the other 99 winners in the group's first naming of Utah's 100 fastest-growing companies received a silver-framed plaque and certificate signed by Gov. Mike Leavitt, Dale Richards, chairman of the group; and John N. Knab, group president, during a luncheon in the Salt Lake Marriott.More than 2,000 applications were received in the group's first Utah 100 project and the ranking was prepared under the direction of KPMG Peat Marwick, Salt Lake City.
To be considered for the list, applicants had to be a Utah-based organization, be a U.S. corporation; have a minimum of sales in 1990 of $25,000 and have a sales growth change from 1990 through 1994. To qualify for the list, firms must have a minimum of 200 percent growth in the four years.This year the 100 companies averaged 322 percent growth.
The average Utah 100 company grew from $4 million in 1990 to nearly $17 million in 1994.
In another category of the top revenue growth companies, Franklin Quest Co. was first followed in order by R.C. Willey Home Furnishings; Megahertz Corp.; FHP Health Care of Utah Inc.; Zions Bancorporation; Enrich International Inc.; Covey Leadership Center; Teltrust Inc.; Lifetime Products Inc.; and ZCMI.
Following Erudite in the fastest-growing category were Phonex Corp.; C&D Marketing Inc.; Den-trix Dental Systems Inc.; CALI Inc.; Onyx Graphics Corp.; Enrich International Inc.; Megahertz Corp.; Freedom Mortgage Corp.; and Create A Check Inc.
Also, Navtech Industries Inc.; Inforbases Inc.; Express Medical Transcription Inc.; Parlant Technology; Applied Manufacturing Technology Inc.; TelTrust Inc.; Foot Log; Advantage Computing; ELM Inc.; Zebra Tech-nol-ogies VTI Inc.; Madson & Metcalf; Hiteck Electronic Security Inc.; Osborn Video Inc.; Retrolink; Kaizen Inc.; Computer Software Solutions; Paria Group.
20/21 Software Inc.; Ron Allen Consulting Services; U.S. Synthetic Corp.; Merit Medical Systems; Warever Corp.; Viewpoint Datalabs International; J.R. Firestack & Associates; National Applied Computer Technology; Christopherson Business Travel Consultants; Park City Group; CUSA Inc.; Mouldings Inc.; Covey Leadership Center; Software Plus Inc.; Schmidt's Homes.
MHTN Architects Inc.; Total Solutions Inc.; OMG Apex Inc.; Technology Advancement Corp.; Call Business Systems Inc.; SL&A Architects; Intelecom Inc.; Williams Knowledge Systems Inc.; Dayne Communications Inc.; Network Centre; Diversified Mortgage Services; Osborn Specialty Sewing Inc.; Med America Inc.; Health Benefits America; Computer Recyclers.
Franklin Quest Co.; Star West; System Connections Inc.; 3D Communications; Networked Computer Systems; Nelson Laboratories; Lifetime Products Inc.; Tels Corp.; Stampin' Up!; Access Long Distance; Black Diamond Equipment Ltd.; Mad Mac Inc.; Option Technologies Inc.; Ence Homes; Traco Manufacturing Inc.; Laser Sharp Inc.; Computer Service Bureau Inc.; 21st Century Marketing Systems.
LMP Associates; Danville Services Corp.; Computer Marketing Corp.; Mity-Lite; Rhyse Development Inc.; RJL Wire Connections; Kemp, Burdick, Hinton & Hall; Uinta Business Systems Inc.; Mid-State Consultants Inc.; Gull Laboratories Inc.; Computer Environments Corp.; Industry West Electronics.
TV Video Clinic; The Travel Zone Inc.; The ITC Companies; Research Industries Corp.; Greene Gate Village; Wilson Audio Specialties Inc.; Stephen Wade Auto Center; QSI Corp.; Parke Cox Trucking Co. Inc.; Advanced Termite & Pest Control; R.C. Willey Home Furnishings; Daw Technologies Inc.; and J & J Building Supply.