revenue growth – Starfish Holdings, Inc https://starfishholdings.com The Power of Employee Ownership Wed, 30 Sep 2020 18:27:17 +0000 en-US hourly 1 https://wordpress.org/?v=5.5.14 Torch Makes Washington Technology “Top 100 Government Contractors” List for Sixth Year https://starfishholdings.com/torch-makes-washington-technology-top-100-government-contractors-list-for-sixth-year/ Wed, 30 Sep 2020 18:27:17 +0000 https://www.torchtechnologies.com/?p=3141 Washington Technology recently released its annual “Top 100” list and Torch Technologies was ranked #54 of the Top 100. The list ranks the largest government contractors by their prime contract dollars in IT, telecommunications, consulting, professional services, engineering and other technology driven products and services.  Torch, a 100% employee owned business, has made this list for the past six years, ranking #86 in 2015, #75 in 2016, #68 in 2017, #61 in 2018, #59 in 2019, and moved up five spots in this year’s ranking. Torch was the highest ranked Huntsville-headquartered company named to this year’s list. Torch completed 2019 with over $513M in total revenue.

Torch President and CEO John Watson stated, “On behalf of our employee-owners, we are honored that the confidence placed in us by our services and solutions DoD customers has resulted in Torch being recognized for the sixth year as one of the largest professional services prime contractors to the Federal Government.”

See the complete list at Washington Technology 2020 Top 100.

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Torch Makes Inc. 5000 List for 14th Consecutive Year https://starfishholdings.com/torch-makes-inc-5000-list-for-14th-consecutive-year/ Wed, 12 Aug 2020 14:00:36 +0000 https://www.torchtechnologies.com/?p=3067

Of the tens of thousands of companies that have applied to the Inc. 5000, 0.02% have made the list 14 times.

Inc. magazine today revealed that Torch Technologies, a 100% employee-owned technology services and solutions company headquartered in Huntsville, is No. 4313 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.

Torch is the only company in Alabama -and one of less than ten companies nationwide- that has made the list 14 or more years. Since its 2002 founding in Huntsville, Alabama, Torch has maintained consistent growth, expanding to include seven regional technical offices, and providing on-site field support at customer locations worldwide.

“We are proud that Torch has again been recognized as one of the fastest-growing private companies in America, and we are delighted to be among the 0.02 percent who have made the list 14 years,” said Torch President and CEO John Watson. “During these unprecedented times, we are especially thankful for Torch’s continued success and for our employee-owners’ diligence and commitment to our company, to our customers, and to the Warfighter.”

Not only have the companies on the 2020 Inc. 5000 been very competitive within their markets, but the list as a whole shows staggering growth compared with prior lists as well. The 2020 Inc. 5000 achieved an incredible three-year average growth of over 500 percent, and a median rate of 165 percent. The Inc. 5000’s aggregate revenue was $209 billion in 2019, accounting for over 1 million jobs over the past three years. 

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000

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Torch Technologies Makes Inc. 5000 List for 13th Consecutive Year https://starfishholdings.com/torch-technologies-makes-inc-5000-list-for-13th-consecutive-year/ Wed, 14 Aug 2019 14:00:47 +0000 https://www.torchtechnologies.com/?p=2369 Inc. magazine today revealed that Torch Technologies, a 100% employee-owned technology services and solutions company headquartered in Huntsville, is No. 4200 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.

Torch is the only Huntsville-based company that has been on the list for 13 consecutive years, and the largest of only two companies in Alabama to make the list 13 or more years.  Inc. Editor in Chief James Ledbetter remarked, “Needless to say, making the list gets harder every year as your starting base grows. Of the tens of thousands of companies that have applied to the Inc. 5000 over the years, only a fraction
have made the list more than once.”

Torch continues to maintain consistent growth, being one of only 10 companies in the history of the Inc. 5000  to make the list 13 consecutive years. Of the 26 Huntsville-based companies on this year’s list, Torch had the highest revenue for 2018 with $405M.

Torch President and CEO John Watson stated, “We are proud that Torch has again been recognized as one of the fastest-growing private companies in America, and we are thrilled to be one of only 10 companies who has made the list 13 consecutive times. We know that our continued success is due to our employee-owners and their constant commitment to our company, to our customers, and to the Warfighter.”

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000

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Torch Makes Washington Technology “Top 100 Government Contractors” List for Fifth Year https://starfishholdings.com/torch-makes-washington-technology-top-100-government-contractors-list-for-fifth-year/ Tue, 18 Jun 2019 14:00:08 +0000 https://www.torchtechnologies.com/?p=2339 Washington Technology recently released its annual “Top 100” list and Torch Technologies was ranked #59 of the Top 100. The list ranks the largest government contractors by their prime contract dollars in IT, professional services, telecommunications, and other high-tech service areas. Torch, a 100% employee-owned business, has made this list for the past five years, ranking #86 in 2015, #75 in 2016, #68 in 2017, #61 in 2018, and moved up two spots in this year’s ranking. Torch was the highest ranked Huntsville-headquartered company named to this year’s list. Torch completed 2018 with over $403M in total revenue.

Torch President John Watson stated, “On behalf of our employee-owners, we are honored that the confidence placed in us by our DoD customers has resulted in Torch being recognized for the fifth year as one of the largest professional services prime contractors to the Federal Government.”

See the complete list at Washington Technology 2019 Top 100.

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Torch Makes Bloomberg Government “Top 200” List for 2nd Year https://starfishholdings.com/torch-makes-bloomberg-government-top-200-list-for-2nd-year/ Sat, 18 Aug 2018 14:00:22 +0000 https://www.torchtechnologies.com/?p=1919 Bloomberg Government recently released its annual “BGOV200” list and Torch Technologies was ranked #155 of the Top 200. The list ranks the top federal contractors based on prime contracts awarded in fiscal 2017. Torch, a 100% employee-owned small business, made the list for the first time last year, ranked #157. Torch was one of five Alabama companies named to the list in 2018, and the highest ranked of three Huntsville headquartered companies on this year’s list.

Torch President John Watson stated, “We are proud that Torch has been included on the Bloomberg Government list of the top federal contractors for the second consecutive year, and we continue to strive to provide the best and most cost-efficient services and solutions to our government customers in support of the Warfighter.”

See the complete list at BGOV200.

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Torch Technologies Ranked on Inc. 5000 List for 12th Consecutive Year https://starfishholdings.com/torch-technologies-ranked-on-inc-5000-list-for-12th-consecutive-year/ Wed, 15 Aug 2018 14:00:18 +0000 https://www.torchtechnologies.com/?p=1917 For the 12th consecutive year, Torch Technologies, a 100% employee-owned technology services and solutions company headquartered in Huntsville, has been ranked on the Inc. 5000 list. Ranked at #3,397 this year, Torch is the only Huntsville-based company that has been on the list for 12 consecutive years, and the largest of only two companies in Alabama to make the list 12 or more years. This year’s list required a three-year growth of 57% to rank #5000.  Inc. Media President and Editor in Chief remarked, “Needless to say, making the list gets harder every year as your starting base grows. Of the tens of thousands of companies that have applied to the Inc. 5000 over the years, only a fraction have made the list more than once. A mere tenth of a percent have made the list 12 times.”

Torch continues to maintain consistent growth, posting revenue growth of 113 percent in the three-year measurement period. Of the 24 Huntsville-based companies on this year’s list, Torch had the highest revenue for 2017 with $349.1M.

Torch President John Watson stated, “We are proud that Torch has again been recognized on the most prestigious ranking of the fastest-growing private companies in America. We attribute our success to our employee-owners and their continued commitment to our company, to our customers, and to the Warfighter.”

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Torch Makes Washington Technology “Top 100 Government Contractors” List for Fourth Year https://starfishholdings.com/torch-makes-washington-technology-top-100-government-contractors-list-for-fourth-year/ Mon, 18 Jun 2018 14:00:18 +0000 http://www.torchtechnologies.com/?p=1786 Washington Technology recently released its annual “Top 100” list and Torch Technologies was ranked #61 of the Top 100. The list ranks the largest government contractors by their prime contract dollars in IT, systems integrations, telecommunications, engineering and professional services. Torch, a 100% employee-owned small business, has made this list for the past four years, ranking #86 in 2015, #75 in 2016, #68 in 2017, and moved up 7 spots in this year’s ranking. Torch was the highest ranked Huntsville-headquartered company named to this year’s list. Torch completed 2017 with over $348M in total revenue.

Torch President John Watson stated, “On behalf of our employee-owners, we are honored by the continued confidence of our services and solutions DoD customers that has resulted in Torch being recognized for the fourth year as one of the largest professional services prime contractors to the Federal Government.”

See the complete list at Washington Technology 2018 Top 100.

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Torch Receives “Top Tiger” Award for Fourth Year https://starfishholdings.com/torch-receives-top-tiger-award-for-fourth-year/ Fri, 06 Apr 2018 19:00:12 +0000 http://www.torchtechnologies.com/?p=1653 At the fourth annual Top Tiger event held on April 6th by the Auburn University Raymond J. Harbert College of Business, Business Alabama magazine, and Warren Averett, Torch Technologies came in third in the large business category. Qualifying companies must have been founded, owned or led by an Auburn Alumni and awards were selected based on a percentage of revenue growth over the past three years.

Torch was in the large business category with more than ($20M) in annual revenue. This is the fourth consecutive year that Torch has been recognized as one of the fastest-growing companies founded, owned, or led by Auburn University alumni. Top companies, including Torch, will be featured in Business Alabama.

See the full listing and rankings of the 2018 honorees.

 

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Torch a Finalist for Top Tiger Awards https://starfishholdings.com/torch-a-finalist-for-top-tiger-awards-3/ Fri, 31 Mar 2017 20:36:49 +0000 http://www.torchtechnologies.com/?p=1644 At the third annual Top Tiger event held on March 30th and 31st by the Auburn University Raymond J. Harbert College of Business, Business Alabama magazine, and Warren Averett, Torch Technologies was awarded fourth in the large business category. Qualifying companies must have been founded, owned or led by an Auburn Alumni and awards were selected based on a percentage of revenue growth over the past three years.

Torch was in the large business category with more than $35M in annual revenue. The event was part of the Auburn Entrepreneurial Summit which also included the student entrepreneurial contest (Tiger Cage), and Auburn Entrepreneur Hall of Fame induction dinner. Top companies, including Torch, will be featured in Business Alabama.

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