Dallas Business Journal Names The Adea Group Number One Among Emerging Metroplex Companies.DALLAS--(BUSINESS WIRE)--Sept. 24, 1999-- Five hundred fifty-four percent revenue growth rate ranks it at the top of the 1999 Pacesetters, an elite group of the fastest growing privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. in Dallas-Fort Worth The Adea Group, a leading provider of information technology (IT) staffing, has been ranked as number one in the emerging companies category in the Dallas Business Journal's Third Annual Pacesetters Awards -- a ranking of the fastest growing privately held companies in the Dallas-Fort Worth area. Deloitte & Touche L.L.P., Comerica Bank-Texas, Gardere & Wynne L.L.P., and News Radio 1080-AM KRLD also sponsor the Awards. Applications from across the Metroplex and industry lines were reviewed and ranked by professionals at Deloitte & Touche L.L.P. to determine qualifications. Companies were divided into two categories: emerging (under $10 million in net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight ) and midsize (over $10 million in net sales.) Winners were ranked by percentage increase in sales for 1997 to 1998. The Adea Group achieved a 554 percent increase in sales revenues without any outside funding. "Pacesetter companies individually include some of the most exciting entrepreneurial stories in our market today," said Huntley Paton, publisher of the Dallas Business Journal. "Together, they represent the future of the Metroplex economy. They have set a remarkable standard for the rest of us (abuse) for The Rest Of Us - (From the Macintosh slogan "The computer for the rest of us") 1. Used to describe a spiffy product whose affordability shames other comparable products, or (more often) used sarcastically to describe spiffy but very overpriced products. 2. to strive for." The Adea Group has grown from a $300,000 start-up just four years ago, to a company with 116 employees and sales of $7.7 million in 1998. The company expects to reach $22.5 million in revenue for 1999, and $50 million in 2000. The Adea Group has been awarded approved vendor status at some of the most highly respected Fortune 500 companies, including the Sabre Group, Southwest Airlines This article is about the American airline. For the former Japanese airline, see Japan Transocean Air. For the British airline, see Air Southwest. Southwest Airlines Co. , Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , The Associates, Compaq, CompUSA, CSC/Hogan Systems, Deloitte & Touche, GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) , IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Nortel and Texas Instruments See TI. (company) Texas Instruments - (TI) A US electronics company. A TI engineer, Jack Kilby invented the integrated circuit in 1958. Three TI employees left the company in 1982 to start Compaq. . "We're ecstatic about ranking so high among such an outstanding batch of companies contributing to the local economy," said Abid Abedi, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of The Adea Group. "We look forward to even greater growth moving ahead with our new product development plans and our position in the burgeoning e-commerce market. "I owe much of this success to our employees' hard work and dedication to our industry and clients -- each and every individual plays an integral part in The Adea Group's achievement," said Abedi. Founded in 1996, The Adea Group is one of the fastest growing technology solutions companies in the Dallas/Fort Worth area. In June 1999, The Adea Group earned first place for highest three-year revenue growth and second place for fastest one-year growth in the FastTech 50, one of Dallas/Fort Worth's most prestigious high technology industry awards, sponsored by Arthur Andersen and the Dallas Business Journal. The Adea Group was a finalist for Ernst & Young's 1999 Entrepreneur of the Year Award for the Dallas/Fort Worth region. The Adea Group is based in Dallas, with a second office in Austin. An office in Atlanta is slated to open by December 1999. |
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