Rochester’s 10-year-old IT and software developer Avani Technology Solutions Inc. has taken the No. 1 spot on this year’s Greater Rochester Chamber of Commerce Top 100.
The chamber on Tuesday revealed the region’s 100 fastest-growing privately owned businesses, which will be honored Nov. 1 at the 32nd annual Rochester Chamber Top 100 awards dinner at the Joseph A. Floreano Rochester Riverside Convention Center.
System engineering and photonics technology company Precision Optical Transceivers was the second fastest-growing company in the region, while construction management and design build contractor Taylor, the Builders rounded out the top three.
“This year’s Rochester Chamber Top 100 list shows the fabulous success and amazing diversity that exists in the Rochester and Finger Lakes region’s economic engine,” chamber President and CEO Bob Duffy said in a statement. “Service companies appeared most on the list, followed by construction, technology, manufacturing and financial. The 100 companies combined for more than $12.1 billion in total revenue and employed nearly 23,000 people in the Rochester area.”
To be eligible for the Top 100, businesses must be independent, privately held, headquartered in the nine-county Finger Lakes region and have revenue of at least $1 million in each of the three most recent fiscal years. The program recognizes Rochester’s reputation as a region of innovation spurred by a strong entrepreneurial spirit, officials said.
“I attribute Avani’s success to leveraging technology platforms to serve our customers and employees better, faster and more responsively,” Avani CEO Sameer Penakalapati said. “We are also constantly adding new skills and competencies and focusing on areas that matter most to our customers. Staying focused and frugal while growing the business is also important.”
This is the fifth time Avani has appeared on the Rochester Chamber Top 100 list; last year the company ranked 14th. The company has 425 employees, including 30 in Rochester.
“A large contributor to our success has been our customer-facing model. Whether in production, engineering or sales, our team members go the extra mile to fulfill customer needs and build strong relationships along the way,” Precision Optical CEO Todd Davis said. “Our customers feel confident in our products and expertise, which I believe is crucial when building long-term partnerships.”
Davis also credits the company’s unique culture and employee benefits for Precision Optical’s success.
“It is rooted in the philosophy that happy employees will take care of their customers and the business will in turn take care of itself,” he explained. “We strive to ensure that our employees feel happy and fulfilled within their roles.”
Precision Optical—which made its Top 100 debut this year—was founded in 2011 and has 37 Rochester-based staffers.
“The people who work here helped us land high on the Rochester Chamber Top op 100,” said Taylor President Karl Schuler. “There are so many talented people in this world. We have some and the competition has some. You can’t control the talent level of your competition, but you can control your own effort and commitment to excellence. Hard work will always beat talent. Know what you don’t know, learn something every day and work hard.”
Taylor, the Builders was founded in 1984 and has 32 local employees. The company is headquartered in Penfield and has appeared on the list four times.
“Rochester Chamber congratulates the Top 100 businesses and wishes them continued success and growth,” Duffy said.
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