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10-14-2016 Dedicated Networks ranked #11 in the Fastest Growing Metro-area Companies

Posted

Fast 50 No. 11: Dedicated Networks Inc.

Oct 13, 2016, 9:00pm CDT

WE ASKED CEO PAUL CULLEN:

What’s one business decision you made in the past three years that’s been critical to your firm’s growth? We have been very intentional about reinvesting in the company. We’ve been investing in our people, technology and expanding our inventory.

Paul Cullen of Dedicated NetworksEnlarge

Paul Cullen of Dedicated Networks

NANCY KUEHN | MSPBJ

How has your company adjusted to new challenges caused by rapid growth?One of our biggest challenges has been running out of bandwidth, so we’ve learned to hire more proactively.

What’s your company’s fastest-growing expense? Payroll

What do you expect your 2016 revenue to be? And why?$28 million. Through eight months, that’s the pace we’re on. We’ve been building the structure needed to support that revenue.

What’s your strategy to be able to hire enough qualified workers to keep up with your growth? Our goal is to create a culture that great people want to be a part of, so that helps with recruiting, but also with retention. A great by-product of that has been getting a large number of our people as referrals from current team members.


GROWTH RATE

118.59%

2013 revenue: $10,290,890

2014 revenue: $16,078,854

2015 revenue: $22,494,712

Top executive: Paul Cullen

Founded: 2005

Business: Sells new and used networking and computer products

Employees at end of 2013: 37; now: 92

http://www.bizjournals.com/twincities/news/2016/10/13/fast-50-no-11-dedicated-networks-inc.html