Coastal Cloud was among the first round of 2015 Florida Companies to Watch finalists recently announced by GrowFL. The awards event - now in its fifth year - honors 50 select second-stage companies from throughout the state for developing valuable products and services, creating quality jobs, enriching communities, and broadening new industries throughout Florida. More than 500 companies were nominated for this year’s award. The 101 finalists collectively represent $694 million in annual revenue and employ 3,280 full-time equivalent employees.
“We are extremely proud to have been selected to be among GrowFL’s list of 2015 Florida Companies to Watch finalists. We believe the Software as a Service (SaaS) technology revolution has disrupted the IT consulting model,” says Tim Hale, Coastal Cloud Managing Partner and co-founder. “SaaS implementations are not well suited for offshoring. Time zone, communications, staff turnover and other issues associated with offshore IT significantly undermine the nimbleness which is the hallmark of SaaS implementations. We are proving that a nimble, high-touch, deeply skilled US team at a reasonable price point can provide more value than offshore providers and expensive consultants in the large metro areas,” Hale added.
The Florida Companies To Watch program consists of two rounds of selections. Finalists now advance to the second round, where they will be further evaluated based on their performance in the marketplace, innovative products, services or processes, philanthropy and empowered employees.
“We applaud these first round finalists, all of which exhibit impressive strengths in entrepreneurial leadership, product innovation, social/community responsibility and competitive business practices,” says Dr. Tom O’Neal, GrowFL Executive Director.
Developed by the Edward Lowe Foundation, Florida Companies To Watch is a distinguished awards program specifically designed to seek out second-stage businesses from a wide range of industries representing all areas of the state, not just those in major metropolitan areas. In addition to evaluating past growth and projected success, applicant companies are judged according to their special strengths and impact in their markets, communities and within the state – thus deeming them “worth watching.”
The winners will be announced in late August. The 2015 honorees will be celebrated at the awards ceremony November 5th at the Hard Rock Live at Universal Resort. For more information visit growfl.com/flctw/
About Coastal Cloud
Coastal Cloud was founded in 2013 by Tim and Sara Hale. Coastal Cloud is built on a next generation consultancy and delivery model that maximizes the value available from SaaS solutions. Embracing the concept of rural-sourcing, the company’s ‘SaaS Solution Center’ is based in a lower cost area of Northeast Florida that provides its employees with an exceptional quality of life and an affordable cost of living. Coastal Cloud team members live at the beach and work in the cloud, both literally and virtually. In only two years, Coastal Cloud has grown to 80 employees and well over 100 private and public sector clients from healthcare, telecommunications, high tech, real estate, economic and workforce development and non-profits. The company is located at 1 Hammock Beach Pkwy in Palm Coast, FL.
GrowFL was created in 2009 by the Florida legislature as an economic development program focused on assisting second-stage growth companies prosper in the state of Florida. By providing strategies, resources and support to second-stage companies for next level growth through Strategic Research, Peer Learning and Leadership Development, GrowFL helps companies overcome obstacles to growth and leads them towards prosperity. Based on the philosophy of Economic Gardening®—to grow existing businesses in a community, region or state—GrowFL, the Florida Economic Gardening Institute, is a critical component to the state’s economic development strategy and Florida’s entrepreneurial ecosystem. GrowFL is a statewide economic development organization certified by the National Center for Economic Gardening through the Edward Lowe Foundation. GrowFL has assisted more than 800 companies through the Strategic Research and CEO Roundtable programs and recognized 200 successful entrepreneurs through the annual awards program, Florida Companies to Watch. Learn more at GrowFL.com.