OCBJ Top 5 Women-Owned Businesses
We’re proud to share that CB Technologies has moved into the top 5 of the Orange County Business Journal’s (OCBJ) largest women-owned businesses. That’s right, the OCBJ Top 5 Women-Owned Businesses.
The 98 companies on this year’s Business Journal List reported total revenue of $4.8 billion. That’s an 8.5% year-over-year increase for the 12 months ended Dec. 31, 2018. In fact, the growth trend among women-owned businesses in Orange County is reflected in CBT’s impressive 2018. Ultimately, CB Technologies revenue grew by 46% YOY.
Our 2018 growth can be attributed to both deepened relationships with existing customers and return on investment (ROI) in growth areas like the Industrial Internet of Things (IIoT). Moreso, successful IIoT projects like the Refinery of the Future at Texmark Chemicals have produced impressive ROI. It opened the door for CBT as a go-to domain expert integrator (DEI) with a number of major OEMs.
At Hewlett Packard Enterprise (HPE) Discover in June, we were named an inaugural member of HPE’s Channel to Edge Institute (CEI). This will focus on real-world intelligent edge, IoT and operational technology (OT) solution scenarios with concrete examples of the ROI for the customer and profitability for partners. Leading industrial innovation company PTC has also nominated CBT to be part of their “Preferred Augmented Reality (AR) Program.” We are one of only 3 US partners nominated. CBT will become a PTC Platinum AR Partner after completing additional certifications and training.
What does it mean?
This says nothing for the expansion of our traditional business with long-term top clients like Ford Motor Company and The Boeing Company. The engine of CBT’s success in this arena has always been our impeccable customer service. Andy Anderson, Director of Client Services, reports that the company maintained a 99.74% error-free quoting process. In fact, it also achieved a 99.61% order accuracy rating. This is alongside a 99.74% positive customer feedback rating over the last 12 months. Of course, customer satisfaction is clearly reflected in our annual numbers. Finally, this is demonstrated in the annual revenue increase above.
“We are delighted to move up to #5 in the OCBJ’s Women-Owned Businesses list this year,” said Kelly Ireland, Founder & CEO at CBT. “I’m exceptionally proud of our team and our success. But, more importantly, I’m thrilled to see the advancement of women-owned businesses across the board. Women entrepreneurs are having a profound impact on the US economy and it’s exciting to see Orange County leading the way.”
The OCBJ’s full Woman-Owned Businesses List was published as part of their lists for the week of July 8, 2019.