SARASOTA, Fla. — November 10, 2020 — Atlas Networks is pleased to be among the top 50 second-stage companies in Florida selected as a 2020 GrowFL Florida Companies to Watch honorees, a statewide competition that identifies companies expected to see significant growth over the next several years. The 2020 GrowFL Florida Companies to Watch awards celebration is brought to you by Nperspective CFO & Strategic Services, in association with the Edward Lowe Foundation.
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.” GrowFL received more than 400 nominations for the award this year.
82 finalists were announced earlier this year, and the 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 employees; impact of the business in the job market; increase in sales and/or unit volume; current and past financial reports; innovativeness of the product or service; response to adversity; and contributions to aid community-oriented projects.
“These stand-out companies are all led by entrepreneurs, and have demonstrated not only their willingness to grow, but their capacity to do it successfully,” said Dr. Tom O’Neal, GrowFL Founder. “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. These business owners demonstrate strong leadership, philanthropic involvement, perseverance and all it means to be an entrepreneur.”
“Being named as a Company to Watch by GrowFL is a huge accomplishment for our team and we are extremely honored to be included on this prestigious list” said Anand Pallegar, Founder of Atlas Networks. “The amount of high caliber business leaders, entrepreneurs and groundbreaking companies in this region is astounding, and we’re grateful to be recognized as one of them. This achievement would not be possible without our incredible team of leaders who have greatly contributed to the success of Atlas Networks and helped propel the company to where it is today. Their strength, dedication and laser-focus on our strategic business goals has made all the difference for us.”
“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 and Business Development Executive with Withum. “Second-stage companies are defined as those with 6 to 150 full-time employees and between $750,000 and $100 million in annual revenue. As the only organization in Florida that focuses exclusively on this state of business, GrowFL works to develop programs specifically to support and celebrate them.”
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 for the four-year period. That translates into a 27% average annual revenue growth and 20% average annual growth in employees.
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.
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. Tickets are on sale now. For more information or to purchase tickets, visit https://www.growfl.com/flctw20/about-flctw/
Earlier this year, Atlas Networks also received the Rising Star Award at the 2020 Sarasota Chamber of Commerce’s Small Business Awards. To learn more about Atlas Networks’ core capabilities, or to schedule a consultation, visit www.atlasnetworks.com.
About Atlas Networks:
Atlas Networks is an innovative, technology consulting firm that helps navigate complex business challenges, find meaningful solutions, and deliver impactful results. With a team of world-class engineers, developers, and strategists, we build the technology platforms of tomorrow to help
companies achieve business success. For more information, visit www.atlasnetworks.com.
GrowFL is dedicated to support and accelerate the growth of second-stage companies throughout Florida, by providing their leaders focused, efficient, and timely access to resources they deem important, such as connections with other second-stage company leaders, and to professional organizations whose expertise, experience, and products lead to the second-stage company’s continued growth and prosperity resulting in diversification and growth of Florida’s economy. 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. Website: https://www.growfl.com/flctw20/about-flctw/
About 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-stage companies — 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, a 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 CFOs provide services such as cash flow planning, strategic planning/business planning/budgeting, assistance with bank financing, reviewing financial reporting processes and internal control processes for effectiveness. With a 20-year track record, Nperspective is ready to help companies mitigate the problems of Covid-19 from loan and grant applications to managing finances under the new normal. Website: https://www.nperspective.com/