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Eastside Portfolio Company Makes Entrepreneur’s Hot 100 List
Irvine, CA – Entrepreneur magazine has released the 12th Annual Hot 100 listing of the fastest-growing new companies in the United States. The listing is comprised from an initial list of fast-growing companies from PricewaterhouseCoopers.
Huntsville-based Torch Technologies enters the list ranked #54. Torch Technologies opened its doors in October 2002 and has grown rapidly reporting more than $9 Million in revenue for FY 2005 and currently has 98 employees. Torch is focused on providing superior scientific and engineering services to the Department of Defense. Torch was launched with a strong commitment to employee ownership
“As employee owners, our employees can focus on fulfilling our client’s needs without the distraction of external pressures such as stock performance, mergers or acquisitions. Our goal is to be the employer of choice and to deliver a premium service level to our clients that they don’t find anywhere else in our industry. This focus on our client’s needs has produced significant results that have been frequently commended by our clients. This recognition by Entrepreneur magazine reflects the tremendous efforts of our Employee Owners”, William Roark, CEO.
Total combined sales of the Hot 100 companies for 2006 reached an impressive $1.7 billion, up from $1.5 billion last year. This year, the business services industry took the lead with 33 companies on our list, including staffing, advertising and consulting firms. Also on the rise are employee benefits; 43 businesses offer flextime, and 33 offer telecommuting. Keeping employees happy and satisfied tops the list of main concerns for Hot 100 business owners, based on the popular philosophy that “fast growth for many businesses is largely due to having the best staff on hand to manage it all.”
Source: Torch Technologies