50 Fastest-Growing Women-Owned/Led Companies Announced by Women President's Organization and Capital One

Kelly Ireland & CBT Honored at 12th Annual WPO Awards Ceremony in Charlotte, NC

The Women Presidents’ Organization (WPO) has announced their 12th annual ranking of the 50 Fastest-Growing Women-Owned/Led Companies™ and CBT checks in at number 30!

WPO 50 Fastest winners were announced during the WPO Annual Conference, hosted by Capital One this year in Charlotte, NC. In fact, the companies featured on this year’s list span a wide variety of industries, including emerging sectors for women like technology and finance. Collectively, aggregate revenues of the 50 companies are $5.9 billion. Finally, this represents a significant impact on women-led companies’ contribution to the global economy.

A Word from CBT’s CEO, Kelly Ireland

“It’s an amazing honor for my team and me to be included in this list,” said our Founder & CEO, Kelly Ireland. “CBT’s recent growth can be attributed to our commitment to ‘Customer First’, ensuring that the level of support our clients have enjoyed continues at the same level while CBT transforms and innovates. Our focus on closing the gap between information and operational technologies (IT/OT) has been a 3-year mission. We’re one of the first companies that truly understands and has experience with this IT/OT convergence, and to be a women-owned company leading the charge? It’s fantastic.”

Kelly founded CBT in 2001 as a value-added reseller (VAR) focused on unparalleled client service. However, having a keen eye for technology trends and always taking the time and opportunity to listen to industry experts, she assessed the impending changes in the industry early on. In fact, she built up CBT’s engineering expertise, data science practice and partnerships to revolutionize the company’s offerings. She also worked to make the difficult transition from VAR to a systems integrator. And, since that time, CBT has flourished, leading unprecedented projects like the Refinery of the Future (RotF) at Texmark Chemicals. Ultimately, successful initiatives like RotF in Industrial IoT and High-Performance Computing have spurred CBT’s explosive growth. Thus, leading to increasing our revenue YOY by 46% in 2018.

Speaking at the awards ceremony, WPO President and Founder Dr. Marsha Firestone said, “I am delighted that this year our WPO 50 Fastest rankings show that women entrepreneurs are branching out into every sector of business. We are also very encouraged that companies of all sizes, such as CBT are represented. Some smaller but very successful companies demonstrated significant growth this year.”

“At Capital One, we are passionate about supporting women business owners and leaders,” said Jenn Flynn, Head of Small Business Bank at Capital One. “The rise in women-owned businesses is an exciting trend to watch. These women are a real force, as reflected in the WPO 50 Fastest winners, and they are inspiring others to achieve great levels of success.”

All eligible companies were ranked according to a sales growth formula, combining percentage and absolute growth. To qualify for the ranking, businesses are required to be privately held, woman-owned/led companies and have reached annual revenues of at least $500,000 as of 2013 and every subsequent year.

Additional facts about the 2019 50 Fastest-Growing Women-Owned/Led Businesses:

  • The average age of women-owner/leader is 50, younger than the average age of 51 last year
  • Aggregate revenue is $5.9 billion
  • Average 2018 revenue was $117.1 million
  • The average number of employees on the first day: 9; the projected average for 2019: 492
  • Funding sources at company start:
    • 78% with their own funds
    • 22% with funds from friends and family
    • 6% with a bank loan
    • 6% with a line of credit
    • 4% with a credit card
    • 8% with private investors/angels

For a full list of the 50 Fastest-Growing Women-Owned/Led Businesses, visit WPO’s website.

The Women Presidents’ Organization

The WPO is the premier peer advisory organization connecting women who own multi-million-dollar companies in monthly meetings across six continents. Here, chapters of 20 women presidents from diverse industries invest time and energy in themselves and their businesses. The goal is to drive their corporations to the next level. Local WPO chapters are coordinated by a professional facilitator. Moreso, they meet monthly to share business expertise and experience in a confidential setting.

For more, visit www.womenpresidentsorg.com. Follow the WPO on Twitter @womenpresidents and Facebook @TheWPO.