Vertex Solutions in Niceville, Florida is among the top 50 second-stage companies in Florida selected as a GrowFL ‘Florida Companies to Watch‘ honoree, a statewide competition that identifies companies expected to see significant growth over the next several years.
- Vertex is the only Northwest Florida based company represented on this list.
- The Crestview–Fort Walton Beach–Destin metro area has one of the fastest growing high-tech sectors in the US, ranked #3 in the country.
“Companies to Watch” was developed by the Edward Lowe Foundation as a unique way to recognize and honor second-stage companies that demonstrate high performance in the marketplace with innovative strategies and processes. In addition to evaluating past growth and projected success, applicant companies are judged according to their special strengths and impact in their markets, communities, and within the state – thus deeming them worth watching.
66 finalists were announced earlier this year, and the 50 honorees were selected after a final round of judging by a panel comprised of past honorees, economic development leaders and corporate partners of GrowFL. 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
- Contributions to aid community-oriented projects
“As a Woman-Owned Small Business, we are honored and thrilled to have been selected as a GrowFL Florida Companies to Watch Award Honoree,” said Sandra Reiter, Chairwoman and CEO, Vertex Solutions. “This is a testament to the exceptional work of our dedicated employees and the customers that support us, making mini miracles happen on a daily basis. We look forward to representing Northwest Florida in this year’s group of Honorees and being a part of the GrowFL community.”
To qualify for the award, companies must be headquartered in Florida and have between 6 and 150 employees and revenue between $750,000 and $100 million.
