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enVista announces 78% growth year over year
enVista, a leading supply chain consulting and IT services firm, has announced 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 transparency.
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 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 are deriving significant value from partnering with a consulting and solution provider that consults, implements and operates.’
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