STARKVILLE, MS – Today Camgian announced that it has been recognized as one of the “Best Entrepreneurial Companies in America” by Entrepreneur magazine’s Entrepreneur360™ Performance Index, a premier study delivering the most comprehensive analysis of private companies in America. Based on this study forged by Entrepreneur, Camgian is recognized as a company that exemplifies growth, not just in top and bottom line, but also in sustainability and ability to achieve lasting success.
“Our team is honored to be recognized by Entrepreneur Magazine”, said Gary D. Butler, founder, chairman and CEO of Camgian. “Being named as one of the best entrepreneurial companies in America is a testament to the ongoing innovation, hard work and commitment to excellence by our entire team.”
“Those honored have identified a problem, come up with a unique solution, and bravely built their enterprises around it,” says Ryan Shea, president of Entrepreneur Media. “They’ve accomplished new ways of producing sustainable growth and are an inspiration to others who want to fulfill their own entrepreneurial goals.”
Entrepreneur in cooperation with the Business Dynamics Research Consortium at the University of Wisconsin reviewed roughly 10,000 companies that have exhibited both sustained revenue and employment growth. From this data, the team of editors and researchers behind the E360 Performance Index evaluated hundreds of select US companies based on additional criteria such as growth drivers, market impact, resilience, business processes and culture.
The analysis uncovered a subset of companies including Camgian, whose continued success is largely based on superior value creation for their customers and building an adaptive learning culture – making them the most dynamic firms in America today.
According to research conducted by the Business Dynamics Research Consortium, less than one percent of U.S. businesses expanded capacity three or more years out of the past five. On average, they grew by 41% over the period whereas all other surviving companies lost an average of 4%. Based on the their analysis of 19.1 million for-profit US businesses, sustained growers are statistically more likely to survive and continue to grow over the next five years than any other group of businesses in the economy.
“The companies identified in the E360 Index are sustained growers, and based on our research, have proven adept at navigating the changing challenges of their marketplace to win new business and grow their output capacity year after year,” says Gary Kunkle, senior research fellow at the Business Dynamics Research Consortium and research partner of the E360 Performance Index.
Camgian is a recognized leader in developing advanced sensing and information processing technologies that deliver real-time, actionable intelligence. Leveraging innovations in the areas of multi-sensor signal processing, data analytics and information fusion, Camgian is pioneering a new generation of decision support capabilities that address key needs in the defense, intelligence and financial markets.
Camgian has been named by Inc. Magazine as one of the fastest growing private companies in the US, The Silicon Review as one of the top 50 fastest growing technology companies, CIO Review as one of the top 50 most promising companies in the Internet of Things (IoT) and Compass Intelligence as the 2015 Machine to Machine Emerging Company of the Year. Moreover, ABI Research featured Camgian in their 2015 Hot Tech Innovators report, which identified the company as one of the world’s top tech start-ups. For more information on Camgian, please visit camgian.com.
ABOUT THE ENTREPRENEUR360 PERFORMANCE INDEX
Entrepreneur’s dedicated team of editors and researchers, in partnership with Gary Kunkle, senior fellow at the Business Dynamics Research Consortium, examined information submitted by hundreds of private companies. The company founders who participated were surveyed on multiple factors that go beyond the traditional measurements of success, including market sector, sales territory, target growth rates, culture and other company functions. Companies had to be based in the U.S., privately owned and have at least three years within a five-year period that they added employees.
Differing from the many “fastest growing” company lists in the marketplace, the study sought out to identify companies that exemplify sustained growth, looking further than top lines in a single year, and taking a 360-degree view of U.S. businesses and how they have achieved lasting success over multiple years. Using a technique called ‘hierarchical cluster analysis’ the research identified six different paths that these extraordinary companies follow to achieve sustained growth.
“Each path represents a unique set of objectives, strategies, and tactics, and each demonstrates the trade-offs between actions that increase the probability of success and those that can increase operational risk. The companies recognized in the E360 Performance Index fall into one of these six paths, or archetypes, we’ve identified,” explains Lisa Murray, Chief Insights Officer of Entrepreneur Media, Inc. “While each company was founded by individuals driven by unique visions of how to create higher value for customers in both emerging and mature industries, it’s through extraordinary implementation that they have achieved lasting success.”
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