FLORIDA COMPANIES ON GROWTH “WATCH” LIST

    Saturday 22, July
    July 20, 2017
    News Release
    For Immediate Release
    Click for PDF version

      

    FLORIDA COMPANIES ON GROWTH “WATCH” LIST

    — Entrepreneurial styles, corporate cultures
    give these second-stage companies competitive advantages—

      

    Venice, FL.  Lightspeed Voice is among 50 statewide companies expected to see significant growth over the next several years. LIGHTSPEED VOICE was selected from more than 500 nominees for Florida Companies to WatchSM, a statewide program managed by economic development group GrowFL, in association with the Edward Lowe Foundation.  

     LIGHTSPEED VOICE’s management team, competitive market position and strong community involvement were among several factors that put them in contention for the award.   

     “These stand-out companies are all led by entrepreneurs, and have demonstrated their capacity and intent to grow,” said Dr. Tom O’Neal, executive director of the Florida Economic Gardening Institute and associate vice president for the University of Central Florida’s Office of Research and Commercialization.  “They also all have critical intellectual property or a niche position that gives them a competitive edge in their markets,” he said.

     Joining LIGHTSPEED VOICE on the Florida Companies to Watch list are the following Florida-based businesses:

    3D Digital

    A1A Solar Contracting, Inc

    AdRizer

    Amazing Explorers Academy

    Azure Water Company

    Big Top Brewing Company LLC

    Boys Electrical Contractors

    Captozyme Inc

    Clickbooth.com, LLC

    Cribb Philbeck Weaver Group

    Dixie Belle Paint Co

    Dougherty Manufacturing

    GenCare Resources

    Global ETS, LLC

    Global Safety Management

    Grimaldi Candy Company

    Human Potential Healthcare Workforce Solutions, LLC

    Hydra Engineering & Construction, LLC

    Hydro-Dyne Engineering

    Inspired Technologies

    iProcedures

    JAX Refrigeration, Inc.

    Jaycon Systems

    Just Ryt Foods, Inc

    K. Parks Consulting, Inc. (KPC)

    Lap of Love Veterinary Hospice

    Lightspeed Voice

    LiveTrends Design Group

    Lukos

    Madrid Engineering Group, Inc.

    Marion Precision Tool, Inc

    MICROJIG

    Mini Doughnut Factory

    MzeroA.com

    Natural Vitamins Laboratory LLC

    PropLogix

    Raneys Inc

    REDCON Solutions Group, LLC.

    RedTeam Software

    SawStreet LLC

    Society+

    Sorensen Moving and Storage

    Spoleto My Italian Kitchen

    Stickboy Creative

    Up-Rev

    Verdex Construction

    Winco Mfg., LLC

    Xplor Inc

    Yachtico Inc.

    Zennergy LLC

     This is a strong group of companies that deserve this special recognition given annually to the state's top second stage companies,” said Dr. O’Neal.  Second-stage companies are defined as those with six to 150 full-time employees and between $750,000 and $100 million in annual revenue. There are many programs and incubators promoting start-up businesses; GrowFL is the only Florida program that focuses exclusively on second-stage companies.

     “On behalf of our top-notch team of dedicated and caring professionals, who work day and night to ensure the ultimate satisfaction of our customers, and who are fully responsible for our company’s success, I want to say that we are deeply honored to have been chosen to be a part of this exclusive group of Florida-based companies who are truly making an impact in their communities”, said Brad Fuller, CEO of Lightspeed Voice.  “On a personal level, while very excited and appreciative for this recognition, I am also humbled and grateful for the opportunity to serve our loyal customers across the country; we would be nothing without them.”

    Economic Impact of 50 Winning Companies

    2017 Florida Companies to Watch Honorees

    $391 million in total annual revenue in 2016
    47 percent increase in total annual revenue in 2016 compared to 2015
    1,948 full-time equivalent employees in 2016
    48 percent increase in 2016 total employment compared to 2015
    693 net new jobs projected for 2017

    Increasing Impact
    From 2013 through 2016, these companies generated more than $1 billion in revenue and added more than 1,300 employees, reflecting a 137 percent increase in revenue and 219 percent increase in employment for the four-year period. That translates into a 30 percent annual growth rate for revenue and a 50 percent annual growth rate for employment.

    These companies project continued growth in 2017, with a 53 percent revenue increase and 36 percent growth in employment compared to 2016. If their projections hold, these companies will have generated $1.6 billion in revenue and added more than 2,000 jobs over the last five years — a 262 percent increase in revenue and 333 percent increase in jobs since 2013.

    Companies named to the list will be officially recognized October 14, 2017 at the Straz, Tampa, FL.

    For more information, visit growfl.com/flctw17.

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    About Lightspeed Voice

    Lightspeed Voice, founded in 2009, provides a subscription-based Unified Communications as a Service (UCaaS) cloud-hosted Voice-over-IP PBX telephone system for small to medium businesses, replacing both the customer’s telephone system hardware and telephone service provider. Their flagship product, the PrismPBX, reduces the upfront cost of communications and infrastructure deployment by as much as 90%. It includes a suite over 50 cutting-edge business management tools into a flat-rate, all-inclusive package. The system is then managed by Lightspeed Voice’s Florida-based team who are laser-focused on the customer experience and provide “over-the-top customer service” with an average satisfaction rating in excess of 98%. Learn more at www.lightspeedvoice.com.

    About GrowFL

    GrowFL was created in 2009 as an economic development program focused on assisting second-stage growth companies prosper in the state of Florida. By providing strategies, resources and support to second-stage companies for next level growth through Strategic Research, Peer Learning and Leadership Development, GrowFL helps companies overcome obstacles to growth and leads them towards prosperity. Based on the philosophy of Economic Gardening® — to grow existing businesses in a community, region or state — GrowFL, the Florida Economic Gardening Institute, is a critical component to the state’s economic development strategy and Florida’s entrepreneurial ecosystem. GrowFL is a statewide economic development organization certified by the National Center for Economic Gardening through the Edward Lowe Foundation.  GrowFL has assisted more than 1000 companies through the Strategic Research and CEO Roundtable programs and recognized 300 successful entrepreneurs through the annual awards program, Florida Companies to Watch.  Learn more at www.GrowFL.com.

    About Edward Lowe Foundation

    Established in 1985, the Edward Lowe Foundation is a national, nonprofit organization that supports entrepreneurship through research, recognition and educational programs, which are delivered through entrepreneur support organizations (ESOs).  The foundation focuses on second-stage companies — those that have moved beyond the startup phase and seek significant, steady growth. In addition, the foundation has a mission of land stewardship and is committed to preserving the natural resources and historically significant structures at Big Rock Valley, its 2,000-acre home in southwest Michigan. Learn more at www.edwardlowe.org.

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