Wayne-based Evolve IP has had quite a successful decade, writes Michelle Caffrey for the Philadelphia Business Journal.
The cloud services firm has gone from a founding team of three to a global firm with 400 people in 14 offices. It brought in more than $82 million in revenues last year and $120 million this year from clients such as Marriott Hotels & Resorts and Chick-fil-A.
Evolve IP also received a major boost two years ago, when private equity group Great Hill Partners took a majority stake. Since then, it has made seven acquisitions and expanded worldwide, filling its Wayne headquarters to the brim.
According to founding partner and CEO Guy Fardone, the company’s success comes partly from not having employees but associates.
“Who wants to be an employee?” said Fardone.
He said that there are also no departments, and cross-pollination is encouraged with internal movement being common. Another factor is that Evolve IP entered the cloud market early.
“Our plan was always to say we’re going to build clouds,” said CTO Scott Kinka.
Read more about Evolve IP’s evolution in the Philadelphia Business Journal here.