Cleveland Plain Dealer Safeguard Weatherhead 100 Centurion Award

The following article from The Cleveland Plain Dealer discusses Safeguard Properties’ recent recognition as being a Weatherhead 100 Centurion winner.

SageQuest Inc. wins top Weatherhead 100 award for 2009 as fastest-growing company in Northeast Ohio

By Marcia Pledger, The Plain Dealer

December 03, 2009, 9:30PM

SageQuest Inc., a Solon company that markets GPS tracking software, saw its revenue grow faster than any other company in Northeast Ohio over the past five years – an indication that small technology companies are increasingly successful here.

SageQuest snagged the top Weatherhead 100 award for 2009, based on sales growth of 1,474 percent.

The Council of Smaller Enterprises, the small-business arm of the Greater Cleveland Partnership, and the Weatherhead School of Management at Case Western Reserve University jointly announced the Weatherhead 100 winners Thursday night to about 800 people at Executive Caterers at Landerhaven.

Winners were based on sales growth from 2004 through 2008. Even the No. 100 company experienced 20 percent sales growth the past five years.

Besides the 100 fastest growing companies, Weatherhead recognizes 44 more businesses in two categories: smaller firms with less than $1 million in sales and larger firms with more than $100 million in sales.

“We’re seeing a trend of more up and coming technology businesses reach success faster,” said Randy Carpenter, director of marketing and public relations at COSE. “Unlike manufacturing that needs physical space and lots of employees, three people can go into a small office and start a business with the right idea and limited resources.”

This year, a third of the 144 companies honored were started after 1999. A third of all of the firms also were new to the ranking.

“These are companies that still are thriving in the face of the recession,” Carpenter said.

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SageQuest develops information systems to track mobile workers and fleets in real-time. The company placed fourth in the Weatherhead 100 last year.

For the second year in a row, Turning Technologies in Youngstown finished second. E-merging Technologies Group of Cleveland placed third.

These were the top companies by category:

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  • Centurions, the fastest-growing companies in the larger, $100 million-plus sales category: Dealer Tire of Cleveland, which placed second last year, reported a 229 percent sales growth; Safeguard Properties, 211 percent sales growth: and the Federal Metal Co., 193 percent sales growth.

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  • Upstarts, smaller companies with less than $1 million in sales and 15 or fewer employees: For the second year in a row, MMI Textiles Inc. of Rocky River won the top spot – this time with a 1,372 percent increase in sales growth, compared with 1,762 percent sales growth from 2003 to 2007. Hannah Electric LLC won second place in the upstart category, while Lakeside Produce Distribution, Inc. placed third.
  • To view the online article, please click here.

    ??About Safeguard
    Safeguard Properties is the largest privately held field services company in the country. Located in Cleveland, Ohio and founded in 1990 by Robert Klein, Safeguard has grown from a regional preservation company with a few employees and a handful of contractors performing services in the Midwest, to a national company with over 700 employees. Safeguard is supported by a nationwide network of subcontractors able to perform any requested superintendence, preservation, and maintenance functions, as well as numerous ancillary services in the U.S., the Virgin Islands, and Puerto Rico.

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