America's Fastest-Growing Software Company
BY Inc. staff
Serial entrepreneur Andy Monin created Vendormate software to help health care facilities manage vendors; the company earned $10.7 million in 2009.
No. 1 in Software
Vendormate 7,108.1% Three-Year Growth Revenue: $10.7 Million Employees: 58 CEO: Andy Monin Founded: 2005 Overall RANK: No. 25 Atlanta vendormate.com
In December 1999, Andy Monin set out with his wife on a 460-mile drive from Atlanta to Cincinnati to celebrate the holidays with family. To pass time, the couple crafted a list of life goals—100 of them. A family with four children. Check. A beagle named Beau. Half-check (the family named him Boo). And for Andy, the successful launch and sale of two businesses. A few months later, Monin co-founded his first business, whose software helps companies audit phone bills and uncover errors. In 2003, an investor bought out Monin, and in 2005, he was on to his next start-up, launching Vendormate out of his attic. The company makes software that performs due diligence on, and registers, vendors for hospitals and other health care facilities. With 1,000 hospitals under contract, Monin now has his sights set on the financial services industry. That second sale may not be far off.