The 2016 Fastest Growing Firms: CoreCompete

CoreCompete_Shiva_Kommareddi2. CoreCompete Growth Rate: 513% HQ: Durham, N.C.

CoreCompete helps enterprises deliver value from big data initiatives. The firm’s advisory services help customers build the right thing, its delivery services help build it right and its managed services provide an exceptional on-going usage experience. CoreCompete brings unparalleled technology expertise through a blend of: open-source (Hadoop, R), enterprise grade (SAS, Qlik) and cloud (AWS, Azure). Through a blend of advisory, technology and managed services capabilities, the firm is well positioned to help customers deliver value from their big data initiatives, says Managing Partner, Shiva Kommareddi. “Our small, expert and nimble delivery teams drive value in a timely and cost-effective manner providing the right ROI for your organization,” Kommareddi says. Its 513 percent growth rate over the last three years was enough to land the firm at No. 2 this year. Consulting caught up with Kommareddi to talk about CoreCompete’s success. 

Consulting: What were the main factors that contributed to your firm’s exceptional growth? 

Kommareddi: Most executives are trying to figure out how to deliver value from big data in their organization. The technologies are complex and varied, their applications are not clear, and talent is not readily available in the organization. We have been able to help organizations sort through this maze. We have been able to grow within our client base due to our exceptionally skilled and customer focused consultants.

Consulting: How is this year shaping up for your firm?

Kommareddi: Our growth has been accelerating due to a greater interest in the topic of big data and analytics. The success of existing customers are leading to referrals to other customers and delivering growth. Word of mouth is establishing us as a great place for professionals to continue to grow their skills and apply them. This has enabled us to grow from 45 people at the end of 2015 to 100-plus people today.

Consulting: How would you describe your firm’s outlook for 2017? Where do you see the most opportunities?

Kommareddi: We are very optimistic about 2017. We have put new senior leaders in place for key functions enabling us to scale our business development, managed services, custom application development and off-shore delivery activities. We have increased our investments in Europe and that should accelerate our growth. Our A3 (Cloud Analytics) offerings are getting a lot of traction. 

Consulting: What would you say are your firm’s biggest challenges in 2017? 

Kommareddi: As a rapidly growing organization, it is critical that we pay close attention to the culture and the continued commitment to our values. Ensuring that we hire the individuals that are a right long-term fit for us is something that we need to continue to emphasize.

Consulting: What does being named one of Consulting’s Fastest Growing Firms mean to your firm, your employees and your clients? 

Kommareddi: We are honored to be recognized by a respected national magazine. This award is a validation to our clients and employees that we are doing the right thing and headed in the right direction. Employees can be confident that they have a bright future with CoreCompete.