TOA Technologies ended the year as the fastest growing company in northeast Ohio.
Tonight, it celebrates the opening of a larger headquarters building in Beachwood.
The company has developed a system it says can schedule mobile service personnel -- think of the cable guy or refrigerator repair technician -- in a one-hour slot with nearly 100 percent accuracy.
Growth in both employment -- 220 today, compared with two in 2004 -- and revenues have spurred outside recognition and the need for larger quarters.
In December, TOA was recognized by the
Weatherhead 100 as the fastest-growing company in northeast Ohio. The annual listing, named after the Weatherhead School of Management at
Case Western Reserve University in Cleveland and compiled and managed by the
Council of Smaller Enterprises (COSE), measures sales revenues over a five-year period.
TOA's growth was cited at 1,144.12 percent in the most recent rankings.
Tonight, TOA is celebrating the grand opening of its new headquarters, an 11,000-sq.-foot building with four times the former space. The larger headquarters will allow the company to double its Cleveland-area staff to 50 this year, according to company officials.
President and CEO Yuval Brisker said in October that the company expected revenues to grow 75 percent to 80 percent in 2010 from 2009 figures. TOA now reports it did even better, with contracted annual revenue growing by more than 120 percent in 2010.
Sources: Jennifer Friedman, VP of Marketing, TOA; and Megan E. Kim, director, education & programs, COSE
Writer: Gene Monteith