Developed by Dublin-based WD Partners in 1999 to give architects and engineers a better way to share project drawings and documents with clients and team members, Expesite has become one of the fastest growing companies in America.
Spun off in In 2003, Expesite has rapidly expanded its business solutions through acquisitions and partnerships with industry leaders in technology and within its markets.
Led by CEO Jeffrey Sopp, the company provides project management solutions primarily to the retail, restaurant, financial services and commercial real-estate industries, with nearly 350,000 users in more than 80 counties. With headquarters in Columbus, it also has offices in Los Angeles and Toronto.
According to Sopp, Expesite, has increased its workforce 10 percent this year to 45 and expects to grow further, projecting revenue growth of 52 percent 2011. The company has made the Inc. 5000 Fastest Growing Companies in America list four consecutive years in a row.
That growth was bolstered in 2009 with the acquisition of Hilliard-based Report Hawk, which Sopp says positioned the company to gain market share in the construction and/ real estate industry.
"By vertically integrating the two SaaS (Software as a Service) offerings, Expesite's solutions portfolio now spans from the largest retail owners to the smallest vendors/contractors," he says.
Last year's acquisition of VisionFM of Toronto "was an essential element of Expesite's strategic evolution into an end-to-end platform solution for real estate development and facilities management," adds Sopp. "This acquisition increased Expesite's market share, and provided clients with a unified view for project management and facilities management."
Expesite doesn't appear to be slowing down. Sopp says Expesite is considering three companies for potential acquisition in 2011 to expand its markets and better serve clients.
Source: Jeffrey Sopp, Expesite
Writer: Gene Monteith