|[January 21, 2013]
enVista Announces 78 Percent Growth Year over Year
INDIANAPOLIS & CHICAGO --(Business Wire)--
enVista, a leading supply chain consulting and IT services firm,
announced today that it has attained 78 percent year over year growth in
2012. The company's considerable growth follows 49 percent growth in
2011. enVista was recognized in 2012 by Inc. Magazine for the
second year in a row as one of the fastest growing, privately held
companies. enVista's success is attributed to its extensive solutions
and unrivaled expertise helping companies improve customer service,
reduce waste and improve profitability, from source to consumption.
enVista simultaneously grew its associate base by 20 percent, hiring 38
associates in 2012. Currently employing 210 associates, the firm plans
to grow to 250 associates by year-end. enVista is recognized as a top
workplace due to a culture that encourages entrepreneurialism and
enVista President and CEO Jim Barnes says, "Our vision of creating a
firm that consults, implements and operates supply chains for retail,
distribution and manufacturing centric companies is paying dividends for
our clients. Our growth is a direct result of our ability to help
clients increase profitability and lower operating costs. Over 60
percent of our revenue comes from our existing clients and maintenance
from our solutions."
Barnes continues, "We have built a sustainable model, yet we are
cautious about 2013. We are planning for a 25 percent growth trajectory
this year. We are confident we can reach $100 million growing
organically by 2017; however, we will also make strategic acquisitions
and entertain private equity investments in order to grow the company to
$200 million within that time period."
Contributing to the company's success were enVista's supply chain
consulting, Microsoft (News - Alert) Dynamics AX, Design Build, and IT Managed services
practices, which all grew by double digits last year.
enVista's major initiatives for 2013 include building out its Vendor
Management platform, which enables retailers to mitigate vendor
non-compliance and improve inventory control and customer service.
enVista will also continue to promote its e-commerce rating and rules
engine that allows retailers to calculate actual shipping charges,
versus charging by order value prior to check out.
John Stitz, senior managing partner and co-founder, says, "Our backlog
is strong, which will allow us to exceed revenue of $44 million, and we
will continue to make strategic investments that strengthen the value we
bring to our clients. Major and mid-market retailers and distributors
such as Sephora, Sur La Table, Pet Supplies Plus, Sport Chalet, Kent
Watersports and Clean Energy (News - Alert) are deriving significant value from
partnering with a consulting and solution provider that consults,
implements and operates."
enVista is a leading supply chain consulting and IT services provider,
delivering innovative solutions that improve profitability, enhance
customer service and reduce waste from source to consumption. enVista
provides exceptional value in its unique ability to consult, implement
and operate. enVista's unrivaled consulting experience, deep vertical
industry expertise and comprehensive solutions portfolio, enable clients
to leverage one strategic partner that consults, implements and operates
across Supply Chain, Transportation, Retail, IT and ERP.
For more information about enVista, please call 877-684-7700 or
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