Modea, UXB and Harmonia make Inc. 500|5000 list
Montgomery County, Virginia - Inc. Magazine has named three Blacksburg-Montgomery County companies to its 2011 Inc. 500|5000 list. Started in 1982, this prestigious list ranks the top fastest-growing private companies in the nation and is a symbol of entrepreneurial success. Local companies making this year's list include UXB International (#1,854) as well as two Inc. 500|5000 regulars Modea (#521) and Harmonia Holdings Group (#4,800), both of whom were recognized for the second consecutive year.
Modea, a local startup, was ranked #521 overall and #60 within the “Advertising & Marketing” industry. The digital ad agency offers strategic, marketing, creative, and technology services to consumer brands such as Hasbro and T-Mobile. Over the past three years the company’s revenues have grown from $798,373 in 2007 to $5.9 million in 2010 – up 642 percent. Earlier this year, Modea announced plans to build its new corporate headquarters in downtown Blacksburg and add 200 employees over the next five years.
UXB International made the list at #1,854 overall and #27 within the “Environmental Services” industry. UXB is a global environmental technology company that specializes in munitions response, demilitarization and weapons removal. It also provides range sustainment and mine action services. From 2007 to 2010, UXB’s three-year revenue growth toped $29.5 million - up 141 percent. Established in 1983, the company relocated its corporate headquarters from Ashburn, Va. to the Virginia Tech Corporate Research Center (CRC) in 2005.
Harmonia Holdings Group, another local startup, was ranked #4,800 overall and #296 within the “Software” industry. From its headquarters in the CRC, Harmonia develops software and provides SOA implementation, program and project management, and requirements and systems engineering for the military, federal agencies, and other defense companies. From 2007 to 2011, Harmonia saw its revenue grow by nine percent – up $200,000.
“Inc. Magazine’s recognition of Modea, UXB and Harmonia goes to show that the entrepreneurial spirit is alive and well in Montgomery County,” said Jim Politis, Chairman of the Montgomery County Board of Supervisors. “The County congratulates these companies on their most recent accomplishment and sincerely appreciates the economic impact they have on our community.”