The Entrex Private Company Index (PCI) recognized Charlotte-based business and technology consulting firm NouvEON for significant revenue growth during the first quarter of 2009. During this time, the company reported 82 percent growth. The PCI is a benchmarking index that measures the monthly revenue performance of private companies in North America.
NouvEON placed third on the PCI’s top ten list for Q1 high-growth companies. Overall, the top ten companies experienced a combined average quarterly revenue increase of 39 percent, with a median of 26 percent. NouvEON posted significant revenue growth of 82 percent between Q1 2009 compared to a year ago.
“The number four company had only 39 percent growth in the same period, so the top three firms on this particular list really excelled” says PCI director.
NouvEON’s CEO T.J. Eberle attributes his company’s off- the-charts growth to increased demand for the company’s expert service offerings that draw a remarkable value for its clients.
“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.
Jeff Hobensack, director of finance, also attributes the increase in annual growth to outstanding people and valuable partnerships with clients.
“This company is a great example of the type of mid-market firm that is out there flying under the radar from investors-at-large,” says Stephen H. Watkins, CEO of PCI sponsor company, Entrex. “They’ve doubled and sustained revenue levels over the past 18 months in a business-to-business service sector during an uncertain economic period.”
In addition to receiving the PCI’s Top Ten Growth Company award, NouvEON was recently named the number one best small business in Charlotte and number two in North Carolina by Business Leader Media, a leading business-to-business media and information company.
“NouvEON is the kind of growth company that ultimately becomes the backbone of local and regional economies throughout the U.S.” adds Watkins.
About NouvEON
NouvEON is a regional business and technology consulting firm that specializes in managing and delivering high-value solutions to mid-market and Fortune 1000 companies throughout the Southeast. Headquartered in Charlotte, NC, NouvEON represents a “New Era” in consulting services. In this “New Era”, NouvEON provides an excellent Cost to Quality ratio by combining its proprietary LIFT™ model (Local accountability, Industry knowledge, Flexible delivery and Technology Business Solutions) with its Employee Owned Network (EON™) of experienced and highly qualified business professionals. The result: NouvEON value-efficient models have resulted in a 100% referenceable client base.
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