Congratulations are in order for RFID Global Solution. The Reston, Va., provider of radio frequency identification technology and services made the 2012 Inc. 500|5000 list. The company was ranked No. 1,055 overall, and 92nd in the software category.
The 2012 Inc. 500|5000 list is ranked according to percentage revenue growth over a three-year period, from 2008 to 2011. To qualify, companies had to be U.S.-based, privately held, for profit and independent—not subsidiaries or divisions of other companies—as of Dec. 31, 2011. The minimum revenue required is $100,000 for 2008, and $2 million for 2011.
Inc. has been listing the fastest-growing small U.S. companies since 1982. RFID Global Solution has been firing on all cylinders of late, with its Visi-Trac software. The company performed one of the largest IT asset-tracking deployments for Cisco Systems (see Cisco Tracks IT Assets Via RFID), and is also involved in large-scale projects in aerospace, energy and other sectors. I was impressed with a touch-screen version of its software for hospital asset tracking, which CEO Diana Hage showed me earlier this year, at RFID Journal LIVE! 2012. RFID Global Solution will demonstrate the application at our RFID in Health Care conference and exhibition, which will take place on Sept. 6, 2012, at the Boston Park Plaza Hotel and Towers.
There are many reasons for RFID Global Solution’s success over the past few years, including strong products, a knowledgeable and responsive team, and an understanding of how technology can create business value. I also believe a contributing factor has been that Hage has pursued a strategy consistent with Geoffrey Moore’s explanation of the technology-adoption lifecycle. The company has focused on specific market verticals. It has targeted early adopters, rather than trying to sell to the masses who aren’t ready to adopt, and it has used one reference customer to obtain others (an IT asset-tracking deployment at Bank of America, for example, led to the Cisco deal).
It’s great to see this kind of success. I hope other RFID solutions providers will follow the path that RFID Global Solution is blazing.
Mark Roberti is the founder and editor of RFID Journal. If you would like to comment on this article, click on the link below. To read more of Mark’s opinions, visit the RFID Journal Blog, the Editor’s Note archive or RFID Connect.