Mindbody, SMS Masterminds make Fast 500 tech business list

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Two San Luis Obispo companies were named among the fastest-growing technology companies on the continent based on revenue growth in recent years.

Deloitte’s Technology Fast 500 list ranks North American technology companies based on “technological innovation, entrepreneurship and rapid growth,” according to its website. The companies are selected based on percentage fiscal year revenue growth from 2013 to 2016.

The list ranked SMS Masterminds 212nd and Mindbody 412th. (For reference, the fastest growing tech company in the United States was Donuts Inc., a communications and networking company out of Kirkland, Washington, that grew 59,093 percent — yes, you read that right.)

SMS Masterminds, which connects business owners and consumers through mobile loyalty marketing, mobile web and reputation management solutions, made the list because of its 468 percent growth between 2013 and 2016, according to Deloitte.

In 2014, the company merged with Iowa-based Spend-Smart Payments Co., which provided prepaid debit cards, in a deal valued at more than $5.2 million, according to previous Tribune reports. That same year, it also acquired the e-commerce division of TechXpress Inc.

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