August 25, 2008 -- Reliant Technologies, Inc. (Mountain View, CA), the pioneer of fractional skin resurfacing, has been named the USA's 157th fastest growing company by Inc. magazine in its annual ranking of the Inc. 500. Reliant Technologies also ranked 5th in the top 50 businesses in Silicon Valley and 8th among the top health companies in the U.S.
Since 2001, Reliant Technologies has supplied laser-based systems to the growing aesthetic market. The company makes the Fraxel platform of lasers. Increased sales of the Fraxel laser systems contributed to Reliant Technologies' 2007 revenue of $70.5 million, a 1450 percent increase since 2004.
"If you want to find out which companies are going to change the world, look at the Inc. 500," said Inc. Editor Jane Berentson. "These are the most innovative, dynamic, fast-growing companies in the nation -- the ones coming up with solutions to some of our knottiest problems, creating systems that let us conduct business faster and easier, and manufacturing products we soon discover we can't live without. The Inc. 500 list is Inc. magazine's tribute to American business ingenuity and ambition."
The 2008 Inc. 500 list measures revenue growth from 2004 through 2007. To qualify, companies must be U.S.-based and privately held, for profit, independent -- not subsidiaries or divisions of other companies -- as of December 31, 2007, and have had at least $200,000 in revenue in 2004, and $2 million in 2007.
Last month, Reliant and Thermage, another Bay Area skin-treatment company, agreed to merge in a cash-and-stock transaction worth about $90 million.
And last week, an unnamed company made a move to buy Thermage for $132.3 million according to CNN Money.