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SouthData among Triad’s fastest-growing private companies

September 28th, 2007 · No Comments

SouthData Inc. in Mount Airy moved up to No. 31 from No. 45 among the “Fast 50,” an annual list of the fastest-growing, privately held companies in northwest North Carolina’s 12-county Triad region.

The Business Journal of the Greater Triad published the list Friday, Sept. 28, in a special 36-page section. The list also ranks Winston-Salem-based Salem Logistics Inc. as No. 37 among the fastest-growing companies. Its Salem Logistics Distribution division operates out of Pilot Mountain in Surry County (see story above).

SouthData’s revenue grew more than 33 percent from 2005 to 2006, according to The Business Journal, and the company expects to grow by at least 20 percent in 2007.

SouthData Inc.’s primary business is document processing, creation and fulfillment. It employs about 72 people in a high-tech facility at 201 Technology Lane. President John Springthorpe III told The Business Journal that most of SouthData’s recent growth has been in document services such as billing and specialized printing for counties and health-care organizations.

SouthData is well-established as the nation’s largest provider of billing products for condominium and home owners’ associations. In the past year it entered a new market: printing auction bills and other materials for auctioneers. Springthorpe said SouthData continues to refine its digital services, such as e-mailing bills to its clients’ customers, but paper-intensive services remain a mainstay. For example, a Medicare Part D notification required mailed communications, printed identification cards and booklets that described the health-care plan’s provisions and billing procedures.

SouthData was founded in Mount Airy in 1985.

Tags: Businesses

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