OpenSource Technologies is Ranked a Top 100 Growing Business Award from the Philadelphia Entrepreneurs Forum for a 2nd consecutive year
OpenSource Technologies has, over the past few years, demonstrated financial growth and the ability to integrate high-end functions into mobile & web apps. For the second year in a row, OST has received a Philadelphia100 Award from the Entrepreneurs.
LANSDALE, Pa., Nov. 2, 2020 /PRNewswire-PRWeb/ -- OpenSource Technologies Inc. is proud and delighted to announce that it has been named as a Philly100 Winner for the year 2020. This award distinguishes the mobile and web development company as one of the fastest-growing companies in the Greater Philadelphia area.
The Philadelphia100 Awards, which The Entrepreneurs' Forum of Greater Philadelphia launched with the Wharton SBDC in 1988, has become a benchmark for small businesses in the Greater Philadelphia locale in their process towards greater financial growth and market relevancy. With an emphasis on the integrity of financial data, including in-depth, impartial analyses of each company's yearly revenues, employee headcounts and project performances, the Philadelphia100 has become recognized by regional business owners as a genuine marker of merit and a coveted yearly award for Pennsylvania-based companies. Former winners who have gone on to national and even international success include. Urban Outfitters, Fiberlink, Kremer Laser Eye Center, Mothers' Work and more.
OpenSource Technologies earned its Philly100 Award due to strong growth in revenue, client relations and delivery capability over the past few years. In the period spanning 2017-2019, OST increased its top-line revenue by over 150%, and by being an independent, privately held company which is not a division or subsidiary of another business, OST performed its business without the help of a wealthy parent company. Given its financial performance over the calendar years of 2017-2019, with sales in 2017 exceeding $125,000 as well as steady demonstrated growth, OST officially met the requirements needed to earn a spot on the Philly100 Awards list. Even in the midst of the current economy, OpenSource looks to increase their total business by 70-80% by the end of the year.
About the Company: OpenSource Technologies follows a collaborative, three-stage development process in adding value to its partners' mobile and web applications. The first stage, the planning period, generates wireframe site maps for how content and data will interact with users. The second stage, graphics and content development, fleshes out the wireframe with audience-friendly graphics. In the third stage, programming development, OpenSource selects the appropriate programming language and builds a backend database with transparent knowledge of work in progress with clients. After launch, our custom mobile apps receive the support of maintenance and continued support, including digital marketing and search-engine optimization.
SOURCE OpenSource Technologies
Share this article