Baltimore, MD – October 4th, 2013 – Inc. Magazine has ranked Baltimore-based Intelect Corporation No. 40 among Top 100 Engineering Companies in the United States, and, No. 2867 overall on the Inc. 5000 list for 2013. The annual list ranks 5000 of the fastest-growing private companies in America and provides additional rankings for these companies by industry and location. The median growth rate of Inc. 5000 companies in 2013 is an impressive 119 percent, creating an estimated 520,000 jobs and $241 billion in aggregate revenue over the past three years.
For 32 years, Inc. Magazine has celebrated the fastest-growing private companies in America. To be honored this year is a particularly notable achievement. To rank among the 2013 Inc. 5000, Intelect Corporation had to thrive through three of the toughest years this economy has seen in living memory. The success of the business is testimony to our team’s creativity, resilience, and tenacity.
As an Inc. 5000 honoree, Intelect shares a pedigree with Intuit, Zappos, Under Armour, Microsoft, Jamba Juice, Timberland, Clif Bar, Pandora, Patagonia, Oracle, and other notable alumni. The class of 2013 added such powerhouses as Restoration Hardware, LivingSocial, Edible Arrangements and CDW.
Intelect Corporation was founded in Baltimore in 1995, by Rohit H. Patel. Intelect engineers, implements, and maintains technology for infrastructure. Intelect is nationally recognized for its service and projects winning multiple awards for work in telecommunications, cellular, homeland security, intelligent transportation systems (ITS), information technology (IT), and electrical fields. For more information please visit www.intelectcorp.com.
Founded in 1979 Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit http://www.inc.com. This annual listing, compiled by the nationally recognized monthly publication devoted to entrepreneurialism, represents the most comprehensive look at the most important segment of the economy – America’s independent-minded entrepreneurs.
The Initiative for a Competitive Inner City (ICIC) and FORTUNE announced that Intelect Corporation (Rank #93) was selected for the 2013 Inner City 100, a list of the fastest-growing inner city companies in the U.S. The Inner City 100 program recognizes successful inner city companies and their CEOs as role models for entrepreneurship, innovative business practices and job creation in America’s urban communities. Intelect Corporation provides engineering, implementation, and maintenance solutions for telecommunications, intelligent transportation systems, video surveillance, information technology, and electrical systems. The company has seen a 135.3% increase in revenue over the past five years and is projected to continue its rate of growth.
For the 2013 list, winners represent a wide span of geography, operating in 48 cities and 27 states. The 2013 Inner City 100 winners grew at a compound annual growth rate of 36 percent and an average standard growth rate of 411 percent between 2007 and 2011. Collectively, the top 100 inner city businesses employ 10,391 employees and have created more than 5,863 new jobs between 2007 and 2011. Not only are the winners powerful job creators in their communities, but they also help grow their employees with 56%+ provide onsite training programs.
“National Leadership Award” by Staples Corporation and ICIC 2012- Watch the video at http://www.youtube.com/watch?v=OTzM4CKfhmI; “Fastest 100 Growing Urban Businesses in America” by Harvard University, Professor Michael Porter, & Fortune Magazine 2012, 2013; “Voltage Award Finalist” Leadership in Innovation and Technology – Large Company category, 2013; “Inc. 500/5000” Americas Fastest Growing Companies by Inc. Magazine 2011; “50 fastest growing Technology companies in Maryland” 2008 Deloitte; “Entrepreneur of the Year – Software and Technology” 2007 Regional Winner by Ernst and Young; Multi-year awards 1996-2013: “Top 100 CEOs”, “Future 50”, “Business & Community Achievement Award” – Bridging the Gap, “Top Technology Companies” by SmartCEO Magazine, “Fastest Growing Companies”, “Largest Minority Owned Companies”, “40 Under 40” by the Baltimore Business Journal. www.intelectcorp.com.
ICIC is a nonprofit research and strategy organization and the leading authority on U.S. inner city economies and the businesses that thrive there. Founded in 1994 by Harvard Business School Professor Michael Porter, ICIC expands inner city economies by providing comprehensive and actionable information in the field about urban market opportunities. The list is proof of the concept that doing business in an inner city area holds a distinct competitive advantage. ICIC has been studying the economic condition of the largest 100 American cities for more than a decade and is working to revitalize inner cities across the country. www.icic.org.
These three tactics help the fastest-growing inner city companies stay ahead of the pack.
Patel is CEO of Baltimore’s Intelect Corporation. He located his small growing business in inner city Baltimore because he had a vision of the community that few others could see. Now his business is one of the fastest growing in urban America.
Each year, the Initiative for a Competitive Inner City (ICIC) compiles a list of the 100 fastest-growing inner city businesses in the U.S., recognizing the critical role they play in urban communities as both employers and community builders. The 2012 Inner City 100 is packed full of innovative businesses such as Intelect (#96) that are not only energizing their communities by generating dollars and jobs, but are growing at outstanding rates.
Hailing from 46 cities in 30 states, the Inner City 100 have average revenues of $15.3 million and an average 5-year compound annual growth rate of 39%. But a recent survey revealed that fast growth is not the only thing these companies have in common.
Gain experience with smaller ideas.
These business owners moved up the learning curve when their businesses were still small. This is not their first rodeo. Some 38% of the Inner City 100 CEOs are serial entrepreneurs, and 69% already had experience in their industry. These entrepreneurs started small and learned about their market and its needs before scaling their business models.
Giuliana Maravelle, founder and CEO of New Haven-based Gelato Giuliana (#22) owns a gelato shop frequented by local Yale University students. When one student lamented that he would miss her gelato upon graduation, Giuliana saw an opportunity to expand into distribution. Gelato Giuliana is now a 24-person gelato manufacturing company with distribution across much of the Northeast U.S.
Kevin O’Brien, CEO of Austin-based Petrelocation.com (#38) was once owned a doggy daycare. His company now facilitates the movement of pets and animals worldwide, from cats to poison dart frogs. Kevin’s small business start helped him give his company a local feel and a heightened focus on the customer, which he thought was greatly lacking in the industry.
A whopping 96% of Inner City 100 winners offer health insurance, showing that businesses can grow without compromising competitive benefits for employees. In addition, 70% of the winners offer professional development and 40% offer tuition reimbursement.
Will Reynolds, CEO of SEER Interactive (#25), left his job at a large firm because his boss would not allow him to leave work a little early to volunteer at a local hospital. Now, after founding his own company in Philadelphia, Will makes it a priority to invest in his own workers: through outside training, through employee development, and through community service opportunities.
CEO Rob Miller developed MMO University, a professional certification program for employees and other healthcare workers in its Baton Rogue community. His company, MMO Behavioral Health Systems (#81), also makes sure to help its employees acquire their own certifications.
Oakland-based Revolution Foods (#2) is growing at a 5-year compounded annual growth rate of 144%, and is setting a new standard in the food industry by offering profit sharing to its employees. An impressive 30% of the Inner City 100 winners offer this benefit.
The Inner City 100 companies are driving business and connecting with potential customers through multiple channels. Ninety-five percent of the Inner City 100 companies use social media. Of those, 74% use Facebook, 68% use Twitter and a surprising 40% have their own blog.
Orbit Media Studios of Chicago (#45) uses its company blog to offer advice to the world (including current and potential clients) on Web strategy, usability and design. Andy Crestodina, Orbit’s co-founder and strategic director, uses blog posts and tweets to be more publicly visible and accessible than a big-company executive could easily be.
Chicago-based Coyote Logistics (#1), uses social media to reinforce its “work hard, play hard” philosophy. Twitpics show the company’s hockey team holding up a championship banner, and the company’s Facebook page shows its activities at a recent university career fair.
Mary Duggan, Amanda Maher and Alex Rodriguez contributed to this article.
The Greater Baltimore Committee today announced 27 finalists for the 2011 Bridging the Gap Achievement Awards. This annual awards program recognizes outstanding minority- and women-owned businesses and majority-owned businesses that partner with them.
The 2011 GBC Bridging the Gap Achievement Awards event will take place on Thursday, November 17 at 6 p.m. at the Sheraton Baltimore City Center Hotel, 101 W. Fayette Street, in downtown Baltimore.
At the November 17 awards event, award winners will be named in three categories: outstanding minority and women-owned business achievement; majority-owned businesses that have demonstrated leadership in inclusive business practices; and partnerships or strategic alliances that generate new business opportunities for minority or women-owned businesses.
A President’s Award will also be given for tireless work and advocacy for the advancement of minority and women-owned businesses in the Greater Baltimore region.
Sponsors of the Bridging the Gap Awards event are: Gold Sponsors Bon Secours Baltimore Health System, PNC Bank, and the Whiting-Turner Contracting Company; Bronze Sponsors Goodwill Industries of the Chesapeake, Johns Hopkins Medicine, The Maryland Hospital Association, Saul Ewing LLP, and University of Maryland Medical System.
For more information about the GBC’s Bridging the Gap Achievement Awards or year-round activities associated with the Bridging the Gap initiative, please contact Jay Hutchins at 410-727-2820 or jayh@gbc.org.
Did You See Intelect at the 2011 APTA EXPO?
Intelect, the one-stop shop for solutions in intelligent transportation systems, telecommunications, IT, video surveillance and security, and electrical systems was at the American Public Transportation Association (APTA)2011 EXPO from October 3 – 5, 2011.
Intelect had a booth and displayed its innovative products such as the ICAD remote monitoring system, Communications Control panel for trains and buses, and Worker Protection system.
one-stop shop for solutions in telecom, intelligent transportation, IT, video surveillance, and electrical systems.
Intelect Corporation is proud to re-launch its web site with the latest in products and knowledge for professionals who work in intelligent transportation, telecommunications, IT, video and security, or electrical systems.
Browse or search Intelectcorp.com for innovative products, a broad range of services, and unique solutions that can be customized to your business needs. You’ll also find case studies, videos and targeted information for a wide variety of markets, including all branches of government, commercial organizations, telecom service providers, OEMs and construction and engineering groups.
Inc. 5000 Fastest-Growing Private Companies in the U.S.
Inc. 5000 Top Construction Companies in the U.S.
Take a look at the total list of awards won by Intelect over the years!