John Ruddy, President and co-founder of Houston-based Noah Consulting, has some pretty big ambitions for his energy firm. "My goal is to be a $50 million firm by 2015."
The firm, which grew at 70 percent in 2011 and finished the year with $8 million in revenue, will have to have some pretty aggressive growth rates to realize that goal. This year, for instance, the firm is projecting a 57 percent growth rate to reach $12.5 million by year's end. Noah will have to keep up that pace if it wants to reach Ruddy's goal by the end of 2015.
Ruddy says the firm has set another goal of adding four new clients every year, which he says is realistic given the state of the upstream oil and gas market, a space Noah has been cultivating since its launch in 2009.