IT Services, Products and Solutions Company Posts Significant Results with Help from FSBDC at UCF’s Advisory Board Council
May 20, 2021
FOR IMMEDIATE RELEASE
Contact: Hal Thayer, Communications Director, FSBDC at UCF, 407.420.4850 or firstname.lastname@example.org
Orlando – Taking a business to the next level of success is often a daunting task. With the start-up phase behind them, how can an entrepreneur best scale up their company from simple profitability to the second stage of significant revenues and a meaningful return on investment? COO & President Arathi Rajagopalan and CEO Vijay Krishnan, founders and principal owners of Integrass – an IT services, products, and solutions company – found themselves asking that very question and discovered answers at the Florida Small Business Development Center at the University of Central Florida (FSBDC at UCF) in its Advisory Board Council (ABC) program.
Since its founding in 2011, Integrass has grown from an IT services company into much more. Today the firm creates competitive advantage for organizations around the world by implementing customized, end-to-end IT solutions that help achieve business success, leveraging leading technology platforms in a global delivery model.
The Integrass company story is a good one. “We stumbled through the initial startup stages,” Krishnan recalls humbly. “By 2013 we had hit our first $1 million in revenue. But in a startup’s lifecycle, a million dollars is kind of just a starter. You can either become non-existent or you can grow and navigate the small business no man’s land to get yourself to the next milestone which is predominantly the $5 million revenue target.”
“What Integrass lacked at that time was the expertise, knowledge and guidance about how to build a company from $1 million to $5 million in revenues,” Krishnan explains. “And that’s why we got introduced to the Advisory Board Council at the FSBDC.”
Designed for established, second-stage companies, the Advisory Board Council provides no-cost, customized teams of volunteer professionals who offer advice and counsel to help small businesses grow. The program acts as a matchmaker between established local small businesses and area professionals who donate their expertise as members of an advisory board, with each of the volunteers purposefully selected to address the specific needs of the FSBDC client.
“The FSBDC meticulously crafted a Board which gave us expertise in the areas where we were lacking – financial management, strategic planning, marketing & sales management – and then actually guided us through the whole journey to where we could navigate ourselves and reach that $5 million target,” Krishnan states.
“The Advisory Board was a great forum to bring in our business challenges, big or small,” Rajagopalan remarks. “Then they helped me understand that I needed to be more focused on strategy and let go of operational tasks. It really helped bring out the better leader in me.”
In fact, since starting with the FSBDC’s ABC, Integrass has enjoyed impressive growth. “When we joined the Advisory Board Council, we were a $1 million-dollar company and looking for direction” Krishnan recalls. “Since then, from a metrics perspective, revenues have grown from $1 million to $7 million, the number of employees has grown from 25 to 105 and we have moved from a rental office to four locations around the world. Most important, we have built growth accelerators and created new products, growing from zero in the beginning to six today with plans for more in the future,” he concludes.
For more information about Integrass, please visit https://www.integrass.com.
— FSBDC —
About the FSBDC at UCF
Hosted by the University of Central Florida (UCF), and with its main office in the National Entrepreneur Center located at the Fashion Square Mall in Orlando, the Florida Small Business Development Center at the University of Central Florida (FSBDC at UCF) is part of the UCF Office of Partnership & Innovation and the Florida SBDC Network.
The Florida SBDC at UCF provides aspiring and existing small businesses with no-cost consulting, low-cost training, and access to business data and research resources. In addition to its core service offering, the Florida SBDC at UCF also offers specialized services to qualifying companies, including capital access, market growth, government contracting, international trade, business continuation, cybersecurity, disaster planning and recovery, and more. The FSBDC at UCF serves an eight-county area that includes Brevard, Flagler, Lake, Orange, Osceola, Seminole, Sumter, and Volusia counties and maintains 9 service centers across Central Florida.
In 2020, the FSBDC at UCF served more than 2,800 entrepreneurs in Central Florida with consulting services, resulting in more than 10,000 jobs created, retained or saved; $1.2 billion in sales growth; $92.4 million in capital formation; $92.7 million in government contract awards; and 86 new businesses started. For more information, please visit www.sbdcorlando.com .
About the Florida SBDC Network
For over forty years, the Florida SBDC Network, the state’s principal provider of business assistance [Fl. Stat. 288.001], has nourished a statewide partnership between higher education and economic development to provide existing and emerging small and medium-sized business owners with management and knowledge resources that enable overall growth, increased profitability, and economic prosperity for Florida’s economy.
In 2020, Florida SBDCs provided 162,476 hours of professional business consulting to almost 23,900 client businesses, resulting in almost 38,000 jobs impacted; $4.4 billion in sales generated; $335 million in government contracts acquired; and $385.8 million in capital accessed.
A statewide network of over 40 offices, the Florida SBDC is funded in part by the U.S. Small Business Administration, Defense Logistics Agency, State of Florida and other private and public partners. The Florida SBDC Network, headquartered at the University of West Florida, is nationally accredited by the Association of SBDCs and is a 2016 recipient of the President’s E Award for Export Service. Florida SBDC services are extended to the public on a nondiscriminatory basis. Language assistance services are available for individuals with limited English proficiency. For more information, please visit www.FloridaSBDC.org.