Vinfolio Ranked 4th Fastest Growing Private Company in Bay Area
Achieves record growth and inclusion in top five for second consecutive year.
San Francisco, CA (PRWEB) October 27, 2008 -- Vinfolio (www.vinfolio.com), the foremost fine wine and collector services company, was ranked 4th in The San Francisco Business Times annual list of the "Top 100 Fastest Growing Private Company in the Bay Area." This is the second consecutive year that Vinfolio appeared on the list, with its initial debut at number five in 2007. The full list appeared in a special release of the San Francisco Business Times on October 24, 2008.
Since its founding in 2003 by Stephen Bachmann, Vinfolio has experienced exponential growth in sales from its online wine store and collector services. From 2005 to 2007, revenues grew more than 700 percent -- from $1.8 million to $14.3 million -- and are projected to nearly double in 2008.
"Our success rests first and foremost in the compelling selection of wines we sell," said Stephen Bachmann, CEO and founder. "But for our clients, discerning wine enthusiasts and collectors, it is our personalized service and cutting edge technology that set us apart."
In the past year, Vinfolio has rolled out several new products and services. Highlights include: an all-new version of VinCellar (www.vincellar.com), its free online cellar management application, giving collectors a valuable tool to organize, manage and value their collection; and the Personal Cellar Manager service offering collectors a dedicated wine expert to design, manage, maintain, and grow their collection. Vinfolio continues to expand its reach and services with a Hong Kong office and warehouse opening later this year.
With the support of Price Waterhouse Coopers, The San Francisco Business Times reviewed over 2,000 Bay Area companies to compile the final list. All companies had to have been headquartered in the Bay Area, privately held between 2005 and 2007, and have revenues of over $200,000 in 2005. The minimum growth rate from 2005 to 2007 of the top 100 private companies was 48 percent.
About Vinfolio:
Vinfolio (www.vinfolio.com) is the foremost fine wine and collector services company serving wine lovers, enthusiasts and collectors worldwide. With an extensive selection of over 2,500 wines and a full complement of services and resources to find, buy, sell, manage and enjoy fine wine, Vinfolio delivers on its commitment to "fine wine, finer service." Founded in 2003 and headquartered in San Francisco, the company will open its Hong Kong operation in 2008 to service the Asian wine market.
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