enVista Announces 53 Percent Growth Year over Year
Strategic investments in complementary solutions and service offerings advance supply chain consulting firm’s 2013 growth
INDIANAPOLIS & SAN DIEGO--(BUSINESS WIRE)--enVista, a leading supply chain, retail and IT consulting firm, announced today at the RILA Retail Supply Chain Conference that it attained 53 percent year over year growth in 2013. The company’s considerable growth follows 78 percent growth in 2012 and a consistent 44 percent compound annual growth rate since the company’s founding in 2002. enVista was recognized in 2013 by Inc. Magazine for the third consecutive year as one of the fastest growing, privately held companies. enVista’s success is attributed to its extensive solution offering focused on driving profitability and eliminating waste for retailers, distributors and manufacturers.
“Our myShipINFO platform is a differentiator; there are less than a handful of fully capable global freight audit and payment providers. We help large retailers and distributors gain control over their freight spend. Many of the top 50 brick and mortar retailers and e-tailers utilize myShipINFO.”
enVista simultaneously grew its associate base by 35 percent, hiring 42 associates in 2013 and finishing the year with 252 associates. The firm is on target to hire an additional 50 associates this year. enVista received the Inc. Hire Power award last October for jobs creation, and the company is also recognized as a top workplace in Indiana due to a culture that encourages accountability, entrepreneurialism and transparency.
enVista President and CEO Jim Barnes said, “Many of our retail and distribution centric clients are challenged with how to build synchronized supply chains to support omni-channel distribution requirements of buy anywhere, at any time and fulfill from anywhere and anytime. We have developed solutions and services that improve the velocity of capital; therefore, our clients can maximize both customer service and profits within channels and across channels. As a result, we impact our clients’ top line revenue and/or bottom line profitability, and this is a key differentiator that has made us long-term trusted advisors to our clients.”
Contributing to enVista’s 2013 success were enVista’s Supply Chain Consulting, Design Build, and Transportation Solutions offerings, which all grew greater than 50 percent compared to 2012.
In addition, enVista expanded the footprint of its myShipINFO® global freight audit and payment solution, which is used by over 1,000 customers and partners with $7 billion under management. Barnes continued, “Our myShipINFO platform is a differentiator; there are less than a handful of fully capable global freight audit and payment providers. We help large retailers and distributors gain control over their freight spend. Many of the top 50 brick and mortar retailers and e-tailers utilize myShipINFO.”
Barnes continues, “There are very few consulting firms that have the ability to consult, implement and operate, which gives our team a competitive advantage. We are planning for a 15 percent growth trajectory in 2014. We recognize that we have reached a new chapter in our company’s maturity life cycle; in order to grow, we need to make internal investments. However, we are also reviewing a number of strategic acquisitions in 2014 that could accelerate our growth. In order to achieve our goal of $110 million of organic growth by 2017, we need to focus our attention on internal infrastructure, processes and systems.”
enVista’s major initiatives for 2014 include building out its B2B mailbox (http://www.b2bmailbox.com) platform, which enables retailers, distributors and manufacturers to move non-structured and structured data to external logistics service providers.
John Stitz, senior managing partner and co-founder, says, “Our backlog is strong, which will allow us to exceed revenue of $62 million in 2014, 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, Hibbett Sports, Provide Commerce, Boot Barn, and Shopko are deriving significant value from partnering with a consulting and solution provider that gives more in value than it receives in compensation. We adhere to the principles of ‘The Go-Giver,’ and our clients appreciate that we have their best interests in mind first.”
About the RILA Retail Supply Chain Conference
The Retail Industry Leaders Association (RILA) is an international alliance of retailers and retail product and service suppliers that advocates for retailers and provides educational and networking opportunities for its members. The 2014 RILA Retail Supply Chain Conference features programming designed by supply chain leaders. Attendees will have the opportunity to participate in interactive sessions focused on: international sourcing, transportation, distribution, omni-channel, inventory management, and leadership and development. The event takes place at the San Diego Convention Center February 23-26, 2014.
enVista is a leading supply chain consulting and IT services firm, delivering innovative solutions that improve profitability, enhance customer service and reduce waste from source to consumption. enVista’s unrivaled consulting experience, deep vertical industry expertise and comprehensive solutions portfolio, enable clients to leverage one strategic partner that consults, implements and operates across Supply Chain, Transportation, Retail, IT and ERP.
For more information about enVista, please call 877-684-7700 or contact firstname.lastname@example.org.