In 2018, Puget Sound Business Journal set out to highlight a portion of Washington State’s businesses that often slide under the radar but have been economic powerhouses for the region.
Dun & Bradstreet produces the Middle Market Power Index in partnership with American Express to raise the public’s understanding of “the vital role that middle-market firms … play in the American economy.”
Their research team reported that even though the middle market encompasses less than one percent of businesses in the country, it employs nearly 30 percent of the workforce and accounts for over a quarter of the country’s revenue.
They define the middle market as businesses with revenue between $10 million and $1 billion. Seattle metropolitan area has 1,811 middle-market companies, each employing around 300 people and bringing in an average revenue of nearly $55 million.
We’re honored to have been recognized as 17th on Puget Sound Business Journal’s Middle Market Fast 50 in Washington list. Looking back on our revenue growth from $1.6 million in 2011 to $32.53 million in 2018, we are extremely grateful for our employees and the countless hours they’ve put in to make this quick growth possible. Their expertise and experience have positioned us for more growth in the coming years.
The rankings were determined through a weighted score that factors in the size and revenue growth of a company from 2016 to 2018.
About the Award
The companies on this list are a mix of public and private with revenue ranging between $25 million and $1 billion in 2018. All in all, they brought in $16.6 billion in revenue last year and employed over 15,250 people in the state and nearly 47,000 across the globe.
PSBJ’s new Middle Market Fast 50 List includes rapidly-growing companies in this region that span many industries. This includes two of our clients—MOD Pizza in restaurants and Harbor Wholesale Foods in groceries—who we’d like to congratulate for also earning spots on the list. We love to see clients experiencing the same growth and success as us. It motivates us to continue using technology to help customers and provide value to their businesses.
We attribute our growth to our values as a company. Constantly learning new technologies to expand and refine our offerings to clients is a huge part of what we do. As we learn, we share our knowledge with customers through deeply-researched white papers that dive into topics and industries like artificial intelligence, digital project management, consumer autonomous vehicles, and more.
Staying on top of the newest knowledge in our field has manifested through our services to customers. These services range from branding and software applications to hardware, virtual and augmented reality, and robotics. Our teams help customers create software products and digital experiences for firms of all sizes. We’ve handled projects like developing an algorithm that saved the Statewide Sports Association an estimated $7 million in travel costs to designing a new website for Thriftbooks that resulted in a 6 percent mobile sales increase after three months.
Our knowledge suite also includes case studies on topics like automation and user experience research, to name a few examples, and advice for clients on industries and tasks where automated software may be the most useful.
Being awarded a spot on this list would not have been possible without our senior leadership, who encourage us to kill our pride and always continue learning. Our leadership team consists of people who’ve worked in the tech industry for decades. Our Chief Technology Officer Steve Hulet spent years as a software engineer at Amazon prior to co-founding Fresh with Jeff Dance. Our Chief Science Officer Jeff Alexander worked at Microsoft for nearly a decade. The insights they’ve gathered from their years working with top minds in the industry provide immeasurable value to our company as we continue to move forward.
We’re confident that our company values and leadership team will continue to guide us in the right direction to experience further growth. Our plan is to follow our business model by remaining flexible and adaptable to future shifts in technology so we can continue to help our customers succeed.