Photo above: Vemma spotlights the Platinum Club during its annual convention in Las Vegas.
Due south of Utah, where Zija was recently named the fastest-growing company in the state, another direct selling company is leading the field in growth. Arizona Corporate Excellence (ACE) has ranked Vemma Nutrition Co. the top business in Arizona on its annual ACE Fastest-Growing Cos. list. Scottsdale-based MT Builders ranked No. 2, followed by Phoenix transportation and logistics company GlobalTranz Enterprises.
ACE researches and compiles its list based upon a proprietary formula of accounting firm CliftonLarsonAllen LLP. The formula measures revenue growth—in both actual dollars and percentage—over a two-year period. Vemma jumped from No. 10 in last year’s ranking to claim the top spot. According to Vemma’s DSN Global 100 filings, the nutrition company increased revenue by 30 percent in 2012 and by 89 percent, with net sales of $221 million, in 2013.
“Our growth has come from a couple of different areas. Our international markets have done really well for us,” Vemma Founder and CEO BK Boreyko told the Phoenix Business Journal. “Our European markets finished at $50 million last year. This year, they’re tracking to do $100 million. New products have also done well, opening a broader range of potential customers.”
Vemma also collected accolades in the recent 12th Annual American Business Awards, commonly known as the Stevie Awards. From a field spanning public and private, for-profit and non-profit companies, Vemma received bronze awards in New Product or Service of the Year – Consumer Products, for Vemma Renew™, and in the Events App category, for Vemma All In.