Turns out, there are really a lot of small, niche consulting firms out there doing some great things, and we hear from a lot of them each year around Seven Small Jewels time. We know because they flood our nomination inbox each year. As one might imagine, there are way more than just seven firms deserving of recognition in any given year. And this year was no different.
A bunch of firms stood out in the eyes of the editorial selection committee, but for one reason or another, just didn't quite make the cut. Some just haven't been doing what they do quite long enough to completely convince us they're here for the long haul. We like to cover all of our bases. But, we felt these outstanding firms needed to be noticed. So, here they are—this year's Seven to Watch. Often, these firms on this list end up as one of the Seven Small Jewels a year or two later. So, you might want to keep an eye on them; I know we will, that's for sure.
1. Audienz Audienz is a Seattle-based Strategy and Operations firm with additional offices in Los Angeles and Boston. The firm is 100 percent focused on the high-tech sector and has been putting together outstanding revenue numbers and growth rates—40 percent last year—with fewer people than one might imagine. A forecast of 43 percent would be the icing on the cake for landing Audienz as one of 2020's Seven Small Jewels.
2. AVIO Consulting AVIO Consulting is an Addision, Texas, IT firm focused on the Financial Services, High Tech and Energy sectors, among others. AVIO, which also has an office in Buenos Aires, posted very impressive 58 percent revenue growth last year and is forecasting a solid 37 percent this year. At its current size, if the firm delivers on that forecast, we're pretty sure they'll end up a winner next year.
3. BaneCo San Diego-based BaneCo grew a whopping 100 percent last year and is forecasting another 150 percent growth this year. So, why isn't the IT, Strategy and Operations firm focused on several sectors—including High Tech, BioTech and Healthcare—on the list? Well, they're relatively new and a bit smaller than we'd like to see, but another year or two of performance like this and we'll be hearing a lot more about BaneCo. And yes, the spelling is the key.
4. DecisivEdge DecisivEdge is a Newark, Del., based IT and Operation Management consultancy with additional offices in India and Ontario, Canada. The firm is focused mainly on the Financial Services and Healthcare sectors and has performed admirably the last several years, recording a 29 percent growth rate in 2018. DecisivEdge is one we'll keep our eye on, that's for sure.
5. HatchWorks Technologies IT firm HatchWorks Technologies is headquarted in Atlanta with offices in New York and Chicago. The firm is solely focused on the Communications, Financial Services/Banking and Healthcare sectors. Did someone say growth? How about more than 3,000 percent? Now that's growth! And there's more to come with firm leaders forecasting another 141 percent this year. Deliver on that and we'll see HatchWorks Technologies again next year.
6. Prime TSR In 2013 Silent IT was founded by former Accenture executives. Last year, Silent IT became Prime TSR but the impressive run continues despite the name change. The Chicago-based firm, focused on the High Tech, Insurance and Healthcare sectors grew 38 percent last year and is forecasting another 50 percent growth for this year.
7. Scientific Commercialization Scientific Commercialization is a Madison, Wis., based Strategy, Operations Management and IT firm firmly focused on the Healthcare sector. The firm reported a healthy 65 percent growth rate last year and is forecasting a robust 39 percent growth rate this year. Safe to say if the firm can deliver on that forecast, we'll be seeing a lot more of them down the road.
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