Cargas Systems, an employee-owned business software company, was named to the Central Penn Business Journal’s 21st annual list of the Top 50 Fastest Growing Companies in Central Pennsylvania.
“Cargas is built to last, and we are proud to see our philosophy of sustainable growth paying off,” said Chip Cargas, chairman and CEO. “During the past year, we have been able to grow our revenue while also growing our team and investing in our future.”
In order to be eligible for the Top 50 list, Cargas had to show revenue of at least $500,000 in each of the fiscal years ending 2014, 2015, and 2016, as well as revenue growth in 2016, as compared to 2014. Other for-profit entities headquartered in Adams, Cumberland, Dauphin, Franklin, Lancaster, Lebanon, Perry, and York County were eligible for nomination.
The presenting sponsor of the program, Baker Tilly, calculated the nominations and ranked the companies according to revenue growth during the three-year period. Both dollar and percentage increases were taken into consideration. This ranking formula led to the list of 50 winners.
Cargas and the other 49 winners will be honored at an awards breakfast on Monday, September 25, 2017, when their ranks will be revealed. A complete, ranked list of honorees and profiles of each company and their financial growth will be published in a special supplement to the September 29 issue of the Central Penn Business Journal.
Top 50 Fastest Growing Companies is a program of the Central Penn Business Journal and is presented by Baker Tilly. Additional sponsors include: Comcast Business, Highmark Blue Shield, McNees Wallace & Nurick LLC, and Polaris Advisors. For more information about the awards, visit www.CPBJ.com/events.
Cargas, based in Lancaster, Pa., specializes in: Intacct cloud accounting, Microsoft Dynamics, custom software solutions, and Cargas Energy mobile and back office software for fuel delivery companies. For more information, visit cargas.com.