The 2014 Hispanic Business Top 10 Tech companies produced revenues of $3.14 billion in 2012, up 10 percent from their 2011 total of $2.86 billion as the sector became the fourth-largest of our 10 U.S. Hispanic-owned company sectors in 2013.
Companies on the list are geographically diverse, stretching from the federal power alley in Virginia to Silicon Valley in California, and are no strangers to our lists. All held a position in the top 85 of the 2013 HispanicBusiness 500. Many of them have been featured in our Fastest-Growing 100 lists as well, experiencing some of the phenomenal growth of the tech industry as a whole, and Carmen Castillo, CEO of No. 1 SDI International, was our Woman of the Year in 2013.
So how have these successful companies weathered the storm in a volatile economy, one that has seen more spectacular crashes of here-today, gone-tomorrow tech firms than one can keep up with?
The key to success for many appears to go hand-in-hand with government contracts.
|Rank||Top 10 Hispanic-Owned Tech Firms||City||State||CEO||Primary Products
|2013 Company Revenue||2012 Company Revenue||% Change|
|1||SDI International Corp.||Fort Lauderdale||FL||Carmen M. Castillo||Global business processing||$1,000,000,000||$980,000,000||2.04%|
|2||Genesis Networks Telecom Services LLC||San Antonio||TX||Jesse Torres||VAR||$846,160,000||$606,918,076||39.42%|
|3||MicroTechnologies LLC||Tysons Corner||VA||Tony Jimenez||Technology services||$304,484,339||$342,210,092||-11.02%|
|4||VisionIT||Detroit||MI||David H. Segura||IT Managed Services||$226,500,000||$239,000,000||-5.23%|
|5||COLSA Corp.||Huntsville||AL||Francisco J. Collazo||IT services||$186,787,000||$149,269,669||25.13%|
|6||Link America Inc.||Rowlett||TX||Andres Ruzo||Logistics for network service providers||$152,000,000||$213,909,353||-28.94%|
|7||The Centech Group Inc.||Arlington||VA||Michael Kelley||IT service and support||$140,000,000||$93,000,000||50.54%|
|8||MEI Technologies Inc. (MEIT)||Houston||TX||Ed Muniz||Systems design and development||$135,633,000||$151,995,611||-10.77%|
|9||Mercom Inc.||Pawleys Island||SC||Stella Mercado||IT products and services||$78,845,000||$30,900,000||155.16%|
|10||GC Micro||Petaluma||CA||Belinda Guadarrama||IT hardware, software & peripherals||$74,000,000||$52,300,000||41.49%|
Meet Some of the Companies
Seven of the 10 companies on the list showed revenue growth from 2011-2012, led by Mercom Inc. with an impressive 155.16 percent increase. The South Carolina company, No. 9 on our list with $78.85 million in revenue, provides a wide array of IT services for its clients, from network integration to infrastructure design, installation and implementation.
In 2012, the company was awarded two large contracts from the Space and Naval Warfare Systems Center Atlantic totaling $1 billion. Last year, it won a significant IT contract from the U.S Department of State (DOS) Information Resource Management, Global Information Technology Modernization (GITM) program.
The Centech Group, based in Falls Church, Va., is a systems and solutions provider for various federal government agencies. It also posted solid results in 2013, bringing in $140 million, up 50.54 percent from its 2011 total of $93 million to place at No. 7 on the list.
Centech has provided systems and solutions on more than 4,500 federal government contracts/task orders and 150 mission-critical software development projects since 1988.
No. 4 company VisionIT, headquartered in Detroit, is a global business solutions firm focused on mobility solutions leveraging mobileforce, IT managed services and talent management solutions. The company was named 2012 National Minority Supplier of the Year by the National Minority Supplier Development Council. VisionIT pulled in more than $226 million in revenues in 2012.
VisionIT works with Fortune 500 companies as well as with the federal, state and local governments.
GC Micro, No. 10 on the list with $74 million in 2012 revenue, is one of just 38 companies nationwide to be a Solutions for Enterprise Wide Procurement IV contract holder with NASA. The SEWP contracts offer a range of advanced technology to federal agencies, including the Department of Defense. GC Micro has held this distinction since 2007.
COLSA Corp. of Huntsville, Ala., No. 5 on the list, also uses government contracts as a big part of its business. Just last month, the company was an awardee for all three of the pools that it was eligible for when the U.S. General Services Administration announced its One Acquisition Solution for Integrated Services (OASIS) small business contract awards. This allows COLSA to be considered for billions of dollars in contract work in the near future.
In 2012, NASA selected COLSA for its Huntsville Operations Support Center (HOSC) contract. The value of the contract, including all options, was $94.6 million.
Companies listed on the 2014 HispanicBusiness Top 10 Tech Companies list must be at least 51 percent U.S. Hispanic-owned, based in the U.S. and have principals who are U.S. citizens. Companies were ranked based on 2012 revenue after being categorized by sector. Companies must complete the HispanicBusiness company profile to be considered.
Research by HispanTelligence.
Source: HispanicBusiness.com (c) 2014. All rights reserved.