Reliant Technologies Inc., maker of Fraxel laser systems, was recently ranked 157th on Inc. Magazines list of the top 500 fastest growing companies and eighth among American health companies.
Reliant is known for their advanced laser technology, which has quickly become the standard in the fast-growing aesthetics market. Increases of the sales of their Fraxel laser systems (a 1450 percent increase) over the past 3 years has largely contributed to the company’s success.
The criteria for Inc. magazine’s prestigious list is dependent on dramatic revenue growth. Companies must also be private, for-profit, U.S. based and not a subsidiary of another corporation. According to the magazine’s editor Jane Berentson, “If you want to find out which companies are going to change the world, look at the Inc. 500.”
In response to the ranking, CEO Eric Stang said, “We are pleased to be included in such a prestigious group of fast growing, successful companies that have been chosen by Inc. magazine.”
Chief technology officer Len DeBenedictis explained their rapid growth and success as a direct result of the success of Fraxel lasers used in aesthetic practices, saying, “We’ve seen continuous dramatic growth in the demand for Fraxel treatments as consumers become more aware of the safety and efficacy of our unique suite of skin rejuvenation products.”
