Cynet Systems of Ashburn named fastest-growing private company in Va.
The IT staffing and engineering consulting firm was awarded the Virginia Chamber of Commerce's highest overall growth award at the chamber's “Fantastic 50” gala in Chantilly last Thursday, beating out the 49 other fastest-growing companies in Virginia.
In four years, Cynet has upped its revenue more than 7,000 percent, to $32 million in 2015, according co-CEO Ashwani “Ash” Mayur.
The company employed more than 130 people in 2014.
“When we started off five years ago, we envisioned to be a staffing company that was qualitatively different, and this award is a testimony of our founding vision,” Mayur told the Times-Mirror. “It also demonstrates that hard work, determination and innovation in the right quantity and capacity will yield bountiful results regardless of the competition.”
Of Loudoun County, Mayur said “this is our home community and this is where we want to grow the most.”
Companies eligible for “Fantastic 50” awards must be privately held, have headquarters in Virginia and show sales between $200,000 and $200 million. Companies are judged on four-year sales revenue history. Professional service firm Dixon Hughes Goodman verified all award entries.
“The 50 companies being recognized today are the ones who are leading that success by raising personal incomes of Virginians, attracting top talent, and making their communities better places to live and work,” said Barry Duval, the president and CEO of the Virginia Chamber of Commerce, said at the event.
Leesburg-based Amatea consulting firm, a company of just six employees as of 2014, placed 10th on the “Fantastic 50” list with more than $9 million in revenue in 2014.
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