Azova is state's fastest-growing company on MWCN's Utah 100 list

Alpine-based Azova, a provider of digital health benefits and COVID testing and vaccination management technology, is Utah’s fastest-growing company, according to MountainWest Capital Network’s 2023 Utah 100. The list was released at MWCN’s recent annual awards event.

“Azova’s growth has been incredible over the past five years, thanks to the company’s medical technology solutions that put patients at the center of a network of professionals supporting their care,” said Jason Roberts, chair of the MWCN Utah 100 committee. “We are continuing to see stable growth in many of Utah’s business sectors, in spite of larger economic challenges.”

Companies in every sector have faced significant challenges in the past several years, including a global pandemic, geopolitical tensions, supply chain disruptions, tightening credit conditions and the looming risk of another recession, Roberts said. The businesses listed on the 2023 Utah 100 have continued to differentiate and grow, allowing the Beehive State to continue standing out as a leader in cultivating success.

The list of Utah 100 honorees was determined using a weighted calculation of percentage and dollar growth over a five-year period through December 2022.

The top 25 firms on this years Utah 100 listing are: 1. Azova, 2. Baltic Born, 3. Motos America, 4. Kizik, 5. MIT45, 6. Black Rifle Coffee Co., 7. Blue Raven Solar, 8. Lucid Software, 9. Nani Swimwear, 10. Ezarc Inc., 11. Zions Bancorporation, 12. CW Development Group, 13. Bucked Up, 14. Health Catalyst, 15. Domo, 16. Conservice, 17. Haugen RV, 18. Weave, 19. Xevant, 20. Clean Simple Eats, 21 Action Solar, 22. Whistic, 23. AutoSavvy, 24. Kenect and 25. Rubicon.

During the awards ceremony, MWCN also announced its annual Top 15 Revenue and Emerging Elite lists. Companies in the Top 15 Revenue category are ranked based on the highest total dollar growth over the past five years. The Emerging Elite lists organizations less than five years old that show the most promise of future growth. Companies are only allowed to be recognized in one category.

The Top 15 Revenue companies are 1. Layton Construction, 2. Qualtrics, 3. G&A Partners, 4. Pattern, 5. Extra Space Storage Inc., 6. Sportsman’s Warehouse, 7. PCF Insurance Services, 8. Cricut, 9. Young Automotive Group, 10. Peak Capital Partners, 11. Purple, 12. Aptive Environmental, 13. Merit Medical, 14. Innovative Industrial Properties and 15. Beauty Industry Group.

The 2023 Emerging Elite (in alphabetical order) are &Collar, Ambia Solar, Bacon Work Inc., Beehive Meals, Brandless, Cinch, Gabb Wireless, Just Ingredients, Kingbee Rentals LLC, Leland, Pack Tax, PathologyWatch, Pitted Labs, Primo Golf Apparel and SixFifty.