Business & Tech

5 Horsham Businesses Among 5,000 Fastest-Growing

Five Horsham companies have ranked on Inc. magazine's list of 5,000 in the nation.

While businesses nationwide are downsizing, cutting workforces and reigning in bottom lines, five Horsham Township companies are growing exponentially. According to a recent Inc. magazine article, the companies – ranging from business products and services, software company, IT services, health and manufacturing – are among the nation’s 5,000 fastest-growing companies. 

The top-ranked business locally, Verilogue, a communications health care company, netted $8.1 million in revenue in 2011, up 56 percent from its $5.2 million revenue in 2008. Verilogue CEO Jeff Kozloff attributes his company’s growth to employing roughly three dozen of the “top talent” in the area.

“You can’t have success without a great team,” Kozloff told Patch. “We know what we do well.”

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Kozloff said Verilogue fits in nicely with life science, pharmaceutical companies and biotech firms in the greater Horsham area. “It’s a natural place for us,” he said.

In terms of the future, Kozloff said Verilogue has had a great first half and he’s projecting continued growth.

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earned the next-highest ranking of Horsham businesses. The 21-year-old foreign language interpretation and translation company realized $26 million in revenue in 2011, up from $17.5 million in 2008, an increase of 49 percent. Since LSA first made Inc. magazine’s list in 2007 – with 95 employees – the company has added more than 60 employees and more than doubled its annual revenue. 

SofterWare earned the third-highest ranking among Horsham companies. The 31-year-old software company, which specializes in developing software solutions for nonprofit organizations, realized a 39 percent growth in revenue, from $18.1 million in 2008 to $25.2 million in 2011.

SofterWare CEO Doug Schoenberg told Patch that the move from licensing software to clients seeking software services has helped the company to not only stay afloat, but also prosper.

“That’s really helped our business a lot,” Schoenberg said. “When you have a slowing economy, you may not be acquiring quite as many new customers as you once did.”

And while a decade ago, Schoenberg said the shift to software services “dampened” SofterWare’s revenue growth, that trend has not continued. Instead of customers spending a one-time fee of $5,000, for example, Schoenberg said clients instead opt for a more manageable $200 per month fee.

“It makes it more affordable,” Schoenberg said. “When things are a little sketchy economy-wise, nonprofits are that much more challenged to raise money.”

SofterWare has worked with “high-profile organizations” like UNICEF, but Schoenberg said providing support for national groups is not the company’s business model. 

“Instead of working with a small number of very big nonprofits, we work with huge numbers of small nonprofits,” he said. “We’re less dependent on a single customer to drive our business.”

SSEC, a manufacturing company, is the fourth-highest ranking Horsham business. The nearly 50-year-old company employs 100 and increased its revenue 36 percent, from $55.1 million in 2008 to $75.1 million in 2011.

IT services provider ValexConsulting ranked fifth of Horsham businesses on the Inc. magazine list of top 5,000 fastest-growing businesses. The company, which was founded in 2001, employs 20 and realized a 7 percent growth in revenue from $1.9 million in 2008 to $2.1 million in 2011.

ValexConsulting Principal Alex Zhitomirsky attributed the growth to being “nimbler and fast-adapting” in the ever-changing technology world. Since its beginning, Zhitomirsky said the firm has worked with nearly 100 clients, including Pfizer early on.

With a ranking of 4,948 of 5,000, Zhitomirsky said he’s hoping the company can move up future Inc. magazine lists.

“The year they took into consideration wrapped around the recession years,” Zhitomirsky said. “There was a little bit of a dip as far as clients and losing some clients.”


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