Orlando, Florida. November 11, 2020 – We are thrilled to announce we are among the 50 second-stage companies in Florida selected as a 2020 GrowFL Florida Companies to Watch Awardee.
This competition identifies businesses expected to see outstanding growth over the next years.
Companies to Watch was developed by the Edward Lowe Foundation as a unique way to recognize and honor second-stage companies that demonstrate high performance in the marketplace with innovative strategies and processes, making them “worth watching.”
The organization received more than 400 nominations for the award this year.
50 honorees were selected after a final round of judging by a panel of independent judges comprised of past honorees, economic development leaders and corporate partners of GrowFL.
Companies were judged on a number of criteria including:
- Growth in number of team members
- Impact of the business in the job market
- Increase in sales and/or unit volume
- Innovativeness of the product or service
- Quick response to adversity
- Contributions to aid community-orientedprojects
- Financial reports
Thought leadership, culture and growth make businesses stand out
"It is a great honor; I am incredibly proud of our team for making this happen. This award recognizes the meaningful work that we are doing at Concepta and the impact technology has on the Florida economy." - Leo Farias, Concepta CEO and co-founder.
From 2016 through 2019, these companies generated $813 million in revenue and added 668 employees, reflecting a 103% increase in revenue and 113% increase in jobs forthe four-year period. That translates into a 27% average annual revenue growth and 20% average annual growth in employees.
They are all positioned to make a significant impact on Florida’s economy with their products, services, critical intellectual property or a niche position that gives them a competitive edge in their markets. - Dr. Tom O’Neal, GrowFL Founder.
Even through the pandemic, these companies projected continued growth in 2020, with a 15% revenue increase and 17% growth in employees compared to 2019.
If their projections hold, these companies will have generated $1.14 billion in revenue and added 887 employees over the last five years — a 133% increase in revenue and 150% increase in jobs since 2016.
“The 50 second-stage companies named as GrowFL Florida Companies to Watch Honorees reflect the exceptional leaders who are making a difference in growing and diversifying the state of Florida,” said Jennifer Barrows, Chairman of the GrowFL Advisory Board
The 2020 GrowFL Florida Companies to Watch awards celebration is brought to you by NperspectiveCFO & Strategic Services, in association with the Edward Lowe Foundation. Companies named to the list will be officially recognized at the 10th Annual GrowFL Florida Companies to Watch Celebration on February 18, 2021 at the Hammock Beach Resort and Spa in Palm Coast, FL.
The event will also be broadcast live. For more information orto purchase tickets, visit the Celebration Page here.
Founded in 2006, Concepta’s experience with forward-thinking clients and talent has turned us into experts in creating innovative software solutions across many industries. Growth requires commitment to strategic technology innovation, we empower customers by working with them not for them. As enterprises see changing customer expectations, increase in competition and boundless digital disruption, our teams help clients harness the power of big data, automate operations andprocesses, optimize and implement business intelligent dashboards and create digital experience for their customers and employees. Find out more about how Concepta is helping busy IT departments during Covid.
GrowFL Florida Companies to Watch celebrates growing second-stage companies headquartered in Florida. Companies to Watch was developed by the Edward Lowe Foundation as a unique way to recognize and honor second-stage companies that demonstrate high performance in the marketplace with innovative strategies and processes, making them worth watching. Presented by GrowFL, in association with Edward Lowe Foundation, Florida Companies to Watch is an awards program like no other. Visit GrowFL.
The Edward Lowe Foundation
Established in 1985,the Edward Lowe Foundation is a national, nonprofit organization that supports entrepreneurship through research, recognition and educational programs, which are delivered through entrepreneur support organizations (ESOs). The foundation focuses on second-stagecompanies — those that have moved beyond the startup phase and seek significant, steady growth. In addition, the foundation has a second mission of land stewardship and is committed to preserving the natural resources and historically significant structures at Big Rock Valley, its 2,000-acre home in southwest Michigan.
Nperspective CFO& Strategic Services
Florida firm, operates around the country from centers in Orlando, Tampa, and South Florida. The firm was founded 20 years ago to assist small- and medium-sized businesses that need the expertise of seasoned financial executives but are unable to hire that expertise full-time. Many highly profitable companies that could afford a full-time CFO don’t need one daily. To assist these companies, the firm provides senior executives with extensive financial expertise and experience on an as-needed basis, calibrating engagements to specific client needs and resources. Nperspective is ready to help companies mitigate the problems of Covid-19 and manage finances under the newnormal. Learn more.