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Charlotte, N.C. –December 16, 2008 NouvEON received the Top Ten Growth Award from the Private Company Index (PCI)’s for the third consecutive quarter. The quarterly award is based on sales data and quarter-to-quarter growth from more than 500 private companies followed by Entrex Inc., a Chicago firm that tracks information on private companies.
PCI recognized NouvEON as one of the Top Ten growth companies of the third quarter based on its significant revenue growth between Q3 2008 compared to Q3 2007. NouvEON posted sales growth of 120 percent during this timeframe. “NouvEON is at the top of the list for this growth award period,” said Stephen H.Watkins, CEO of Entrex. “This growth represents a very significant undertaking during the economic and financial uncertainty the U.S. experienced over the past year.” NouvEON, a regional business and technology consulting firm based in Charlotte has been recognized as one of PCI’s top growth companies the past three quarters. In July 2008, PCI honored NouvEON with the top growth award of the month for doubling its revenue over the same month last year. “It’s no surprise that the company has seen three other listings for top growth awards with the PCI,”says Watkins. “With this kind of movement now, they are a very interesting firm to watch in the future as both corporate spending and growth capital come back to the marketplace.” The current economic crisis has affected consulting firms and brought many challenges to the forefront. According to a November 2008 Consulting Magazine survey, consultancies project a 69 percent drop in contracts over the next year. Despite the dismal predictions for the consulting industry, NouvEON’s CEO, T.J. Eberle, is staying optimistic. “While our clients continue to feel the effects of the economy, they understand and appreciate the benefits provided by NouvEON. Our results stem from the continued high quality of expertise we offer to our clients and the business value generated from our attractive cost to quality ratio,” says Eberle. Eberle expects the company to continue its steady growth. |
