(Bethesda, Maryland) -
TerpSys was recognized by Washington Business Journal as the 49th fastest growing company in the greater Washington, D.C. area, with revenue growth of 26.9% from 2001 to 2003. Revenues during that period grew from $6.24M in 2001, to just over $10.01M in 2003.
"This recognition, along with being one of 50 "Great Places to Work" by The Washingtonian, shows that bottom line success and a dynamic corporate culture can co-exist." said Ed Woods, President and CEO. "Our growth has come from robust, organic business development and new sales, as opposed through merger and acquisition. The success we have seen over the last three years mirrors our success of the past nine years. Our growth rate over those nine years has been anywhere between 19 to 46%; showing that consistency in adding, and more importantly managing, corporate growth has been our strength."
Adds Rob Gant, COO, "Over the last few years, we have added service offerings in the areas of application development and support, high-end systems engineering, and bioinformatics. This has allowed us to provide a more complete solution to our customers, and we hope to build on these recent successes to foster future growth."
"As one of only sixteen IT companies that made the list, we survived the area's tech implosion by being rational on expenditures, and realistic in our annual revenue projections and staffing. Obviously, we appreciate all of our customers who have great confidence in our dedicated staff. We have increased our responsibilities to our customers over the past few years, to keep pace with their mission critical needs." concludes Woods.