Congratulations to Palm Beach Tech Members Salesmsg and The SilverLogic, who were selected from more than 400 nominations as premier Florida companies expected to see significant growth over the next several years.
The two companies were among 50 named to Florida Companies to Watch, a statewide competition to honor excellent small businesses organized by GrowFL. Their management teams, competitive market positions and strong community involvement were among factors that sealed the wins for them.
In all, 13 companies from South Florida were awarded.
Dr. Tom O’Neal
Companies to Watch was developed by the Edward Lowe Foundation to recognize and honor second-stage companies that demonstrate high performance in the marketplace with innovative strategies and processes, making them “worth watching.”
“These stand-out companies are all led by entrepreneurs, and have demonstrated not only their willingness to grow, but their capacity to do it successfully,” said Dr. Tom O’Neal, GrowFL’s founder. “They are all positioned to make a significant impact on Florida’s economy with their products, services, critical intellectual property or a niche position that gives them a competitive edge in their markets. These business owners demonstrate strong leadership, philanthropic involvement, perseverance and all it means to be an entrepreneur.”
Let’s look at Salesmsg, The SilverLogic, and some of the other tech winners from South Florida:
Chris Brisson
Salesmsg, based in Delray Beach and founded in 2017 by CEO Chris Brisson, enables simple, scalable, two-way business texting, allowing professionals to easily send, receive, and manage text message conversations online. Salesmsg also makes it easy to have instant real-time conversations over SMS.
David Hartmann
The SilverLogic, based in Boca Raton and founded in 2012 by CEO David Hartmann , is a software consulting and development company, The innovative company’s motto “we make ideas happen”, whether they require sophisticated apps, websites, business automation, artificial intelligence (AI) or augmented reality (AR), basically any technology.
4ocean PBC, based in Boca Raton, is a mission-driven for-profit business dedicated to removing trash from oceans and coastlines while inspiring individuals to work together for cleaner oceans. It was founded in 2017 by Andrew Cooper and Alex Schulze, a pair of surfers-turned-entrepreneurs disgusted by filthy beaches on a trip to Bali. Made from recycled materials, 4ocean bracelets purchased so far have funded the cleanup of more than 7 million pounds of trash.
Aventusoft, based in Boca Raton, is the inventor of the “HEMOTAG CPAS” cardiac diagnostic system. Aventusoft developed the diagnostic system at the Research Park at Florida Atlantic University, worked on clinical trial testing at local healthcare facilities, and intends to manufacture the product in Palm Beach Gardens. The company was recently awarded $3 million to expand the technology through a SBIR FastTrack grant.
Xendoo, based in Fort Lauderdale and founded by Lil Roberts in 2016, simplifies bookkeeping and accounting for small businesses by providing three simple monthly rates that include bookkeeping, sales tax, tax planning, corporate tax return filing, and unlimited access to a dedicated CPA team.
To see a list of all 50 winning companies, go here.
Second-stage companies are defined as those with 6 to 150 full-time employees and between $750,000 and $100 million in annual revenue. Companies were judged on a number of criteria including:
- growth in number of employees
- impact of the business in the job market
- increase in sales and/or unit volume
- current and past financial reports
- innovativeness of the product or service; response to adversity
- and contributions to aid community-oriented projects.
With this year’s honorees, GrowFL has now recognized 500 companies throughout Florida. From 2016 through 2019, these companies have during the 4 years period:
- Generated $813 million in revenue
- Added 668 total employees
- Had 103% increase in revenue growth (27% avg annual)
- Had 113% increase in job growth (20% avg annual)
Even through the pandemic, these companies projected continued growth in 2020, with a 15% revenue increase and 17% growth in employees compared to 2019. If their projections hold, these companies will have generated $1.14 billion in revenue and added 887 employees over the last five years — a 133% increase in revenue and 150% increase in jobs since 2016.
Companies named to the list will be officially recognized at the 10th Annual GrowFL Florida Companies to Watch Celebration on February 18, 2021 at the Hammock Beach Resort and Spa in Palm Coast, FL, and the event will also be broadcast live.
For more information: https://www.growfl.com/flctw20/about-flctw/