BlueCloud Earns Tampa Bay Fast 50 Award for Second Consecutive Year
- Tampa Bay Business Journal’s Fast 50 Awards highlight the fastest-growing privately held companies in Tampa Bay
- Data-driven digital transformation company celebrates second consecutive Fast 50 Award - ranking #13 with 315.69% revenue growth from 2020-2022
BlueCloud, a digital transformation company and global leader in data-driven solutions, today announced its #13 ranking on the Tampa Bay Business Journal's 2023 Fast 50 List.
Tampa Bay Business Journal's Fast 50 Awards highlight the fastest-growing privately held companies in the region, and rankings are based on the company's annual growth percentage over three years. Additionally, companies must be headquartered in the Tampa Bay area with revenues of at least $1 million in 2020 or $5 million in 2022 to qualify.
"I am thrilled that the Tampa Bay Business Journal has recognized BlueCloud again as a Fast 50 company," said Kerem Koca, CEO and Co-founder of BlueCloud. "Last year, we appeared on the list for the first time, securing the ninth spot, and this year, we've managed to maintain our momentum, standing strong at number thirteen. This accolade represents what is possible when we continue to push boundaries, and we will strive to continue appearing on this list with our fellow Tampa companies for years to come."
According to information verified by accounting firm RSM US LLP, BlueCloud brought in $36.86 million at the end of Q4 2022, compared to approximately $23.84 million in 2021 and $8.87 million in 2020 — a 315.69% revenue growth. This year, the company has achieved several significant milestones, including expanding AI capabilities to create enterprise GPT solutions, increasing its sales team by 200%, adding 40+ household name accounts to the client roster, investing in a flexible borderless delivery model, appointing new executive hires, and growing partnerships with best-in-class product companies like Snowflake, ThoughtSpot, Microsoft, and AWS.
"We have experienced rapid growth quarter-over-quarter with an improved profit margin through expanding our existing customers, onboarding new ones, and focusing on growing our partnerships," commented BlueCloud Chief Revenue Officer Bill Tennant. "Our investments in product company partnerships like Snowflake and Thoughtspot have set us up for exponential growth as we continue to build and deliver real-time analytics to help customers make actionable business decisions."
BlueCloud’s outlook for the rest of 2023 includes a strong focus on expanding existing client accounts and partnering with additional US-based companies in search of implementing high-quality technology solutions at scale as a part of its global delivery model.