Newport News, VA – May 8, 2012. Spectrum has again been honored on Virginia’s Fastest Growing Companies – the Fantastic 50 list. The Virginia Chamber of Commerce announced the names of fifty of the fastest growing Virginia companies at the seventeenth annual Virginia’s FANTASTIC 50 Awards Banquet on April 26 at the Westfields Marriott in Chantilly.
The evening’s keynote speaker, Lieutenant Governor Bill Bolling stated, “I am delighted to participate in this wonderful event, which recognizes many of the fastest growing companies in Virginia. Each of these companies has contributed significantly to the tremendous economic growth we have seen in Virginia over the past two years… and they are responsible for most of the 119,800 net new jobs that we have created.
Virginia’s FANTASTIC 50 award program is a signature event of the Virginia Chamber of Commerce. The FANTASTIC 50 awards recognize leading businesses across the Commonwealth in all types of industries, and are the only statewide awards of this type in Virginia. Nominations for the 2012 FANTASTIC 50 were sought last fall from local chambers of commerce, economic development organizations, and through the sponsors’ networks; companies may also nominate themselves.
To be eligible, a company must be privately held with headquarters in Virginia, show sales between $200,000 and $100 million, and demonstrate positive revenue growth and positive net income in its most recent fiscal year over the previous year. Companies are judged on four-year sales revenue history.
Jeff Wassmer, President & CEO states, “It is an honor to have made the Fantastic 50 list five years. 2011 was a very significant year for Spectrum with two very noteworthy wins announced back to back in November. While it will be a challenging year, 2012 has started with some exciting contract opportunities as well. We are fortunate to have a thriving employee force who is dedicated to performing to the highest standards and fearless to innovate for the world’s greatest customer – our American military.”
Spectrum is a veteran-owned business that serves the Department of Defense and federal agencies. The company specializes in providing the National and DoD intelligence community with innovative, realistic and affordable solutions in technology. Spectrum also provides full system support from assessment to certification and takes great pride in exceeding client expectations.
To learn more about Spectrum contracts, visit the Solutions and Contracts portion of our website atwww.sptrm.com.