The Minneapolis/St. Paul Business Journal unveiled its 2011 rankings of the 50 Fastest-Growing Private Companies in Minnesota on Thursday, October 6th

Javen Technologies led the list as the 9th fastest growing private company with a growth rate of 125.56 percent between 2008 and 2010. This is the 3rd year in a row that Javen Technologies has been named in the Fast 50 list. The average growth rate of all 50 companies on this year’s list is 88.25%, while the average growth rate of the top 10 fastest-growing private companies is 190.03%. All companies that made the list are headquartered in the 13-county metro area and had to provide financial data for their three most recent fiscal years. All list-makers needed to have a revenue of at least $1 Million in the first of those three years and show consecutive growth in the following two years.

Read Javen Technologies story in the Minneapolis/St.Paul Business Journal’s 2011 Fast 50