DomainMarket.com Recognized as One of Utah’s Top 10 Fastest Growing Young Companies
With more than 2,100 percent revenue growth in the past four years, DomainMarket.com claims No. 8 position on Utah Valley Entrepreneurial Forum´s list of the Top 25 Under 5.
Orem, UT (PRWEB) July 20, 2012
The Utah Valley Entrepreneurial Forum (UVEF) ranked Orem-based DomainMarket.com No. 8 on a list of the fastest growing companies in Utah that are younger than five years old. The Top 25 Under 5 awards recognize companies based on job and revenue growth.
“It´s an honor to be recognized for our team’s hard work,” said Chad Bennett, president and chief technology officer for DomainMarket.com.
Each year, UVEF recognizes 25 businesses younger than 5 years old for their outstanding performance.
According to John Pilmer, a Utah Valley Entrepreneurial Forum board member, to make the list a company must create jobs and show significant revenue growth.
“Only 15 percent of business startups survive the first five years,” Pilmer said. “That´s better odds than Vegas, but it´s still pretty tough.”
Past Top 25 Under 5 lists have featured local, national and global industry leaders like Zagg, Agel Enterprises, Interbank FX, Seastone, Altiris, Omniture and Xango. Together, the companies on this year´s list have created 600 jobs and about $135 million in revenue.
Since forming in 2008, DomainMarket.com´s revenue has increased about 2,100 percent. The company now employs more than 30 people.
“It´s been an interesting journey and we´re excited to see what the future brings,” Bennett said.
DomainMarket.com is a marketplace for premium Internet domain names. The firm provided high-quality domain names to companies including SEO.com, Phone.com, Skateboards.com and PRMarketing.com.
Bennett explained that in April DomainMarket.com registered more than 15,000 domain names in a single day, a record for the most domain names registered in such a short period of time.
“We´re on a roll right now, and we´re definitely not slowing down,” Bennett said.
Often thought of as a hub for startups, Utah was named the best state for business and careers two years in a row by Forbes magazine.
“The state of Utah has risen to national prominence for the repeated success of its entrepreneurial culture,” said Pilmer.
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