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| NEWS: The Denver Post August 24, 2006
business
Westminster's Booyah Networks has been ranked 23rd among the country's 500 fastest-growing private companies by Inc. magazine. Booyah, an online marketing and technologies company, has seen its revenues grow 2,017 percent in the past three years, to $13.1 million last year. Eleven Colorado companies made the 25th annual list, down from 16 last year. Booyah was founded in 2001 with $330,000 worth of financing as a paid search network. It has since launched two new divisions: the Booyah Agency, an online agency that specializes in search-engine marketing; and SpotXchange, an auction-based online video ad platform set to launch next month. "When we started the company, the whole sentiment in the market towards online advertising was negative, but we really believed in the model," said Steve Swoboda, who co-founded Booyah along with Michael Shehan. "Now it's really almost the opposite. Everyone real ly believes in it now." The company has 35 employees. Earlier this month, it moved from Boulder to a larger location in Westminster. It also has opened an office in Los Angeles. Inc. said the company is growing so quickly because "Booyah invests in state-of- the-art keyword search and Web video technologies, because that's where marketing dollars are going." Booyah clients include ThoughtEquity and NewsGator Technologies, both based in Denver, and Hudson, Ohio-based LittleTikes. Greenwood Village-based information-technology company Merlin Technical Solutions, ranked second last year by Inc., placed 40th this year. Staff writer Julie Dunn can be reached at 303-820-1592 or jdunn@denverpost.com.Where Colorado businesses rankEleven Colorado entities made Inc. magazine's annual ranking of the 500 fastest-growing private companies in the country: 23: Booyah Networks, Boulder Three-year growth: 2,017% 2005 revenues: $13.1 million Industry: Advertising, marketing
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