Fastspring, Onward and Upward
E-Commerce Venture Fastest Growing in Greater L.A.
Tim Dir moved to Santa Barbara to manage rock stars — the ska-flavored Mad Caddies. Now he manages a rock star company. Fastspring, the e-commerce outfit for which Dir heads up financial operations, was just named the fastest growing company in the L.A. metro area and 13th in the country by Deloitte and Touche.
Founded in 2005, Fastspring posted $36.6 million in revenues in 2010, up 17,000 percent from its first full year of operation.
What Fastspring provides for its clients is everything that happens after you hit the checkout button on a Web site that sells digital content, including software, video games, and e-books. It writes all of the code that handles a web store’s virtual shopping cart, payment, tax, delivery (via download), and fraud detection. It also makes sure that the visual aesthetics of the transactional portions of a site matches everything else.
