Tag Archives: growth

Exacq ranked #9 on IBJ’s 2013 list of fastest-growing Indianapolis private companies

Indianapolis Business Journal Indiana 100 supplement 06-17-13This week’s Indanapolis Business Journal contains the annual Indiana 100 supplement listing the top 25 fastest-growing Indianapolis-area private companies. Exacq Technologies ranks #9 on the 2013 list. The IBJ ranked the companies based on revenue growth from the fiscal years 2010-2012. This is the third consecutive year Exacq has been on the list. We documented past year rankings here and here.

In addition to the list, the IBJ also had an article that highlighted the top ten companies. The feature on Exacq begins:

In the days after the Boston Marathon bombing, Dave Underwood could have trumpeted the importance of video surveillance technology to sell his products. Instead, the president of Fishers-based Exacq Technologies, which develops the software that manages the security cameras that seem to be everywhere, offered a different viewpoint.

“The high-profile things get your attention,” he said, “but it’s the day-to-day return on investment that people are looking for. When there are kids hitting each other, who threw the first punch? Who stole the coat out of somebody’s locker? The reduction of shrinkage in retail, or patient care in a hospital.”

The full Indiana 100 supplement is located here. The list can be viewed here. The article on Exacq can be read here.

Exacq ranked #9 in 2013 Fastest-Growing Indianapolis-Area Private Companies

Exacq ranked #4 on IBJ’s 2012 list of fastest-growing Indianapolis private companies

Indianapolis Business Journal Indiana 100 supplement 06-18-12This week’s Indanapolis Business Journal contains the annual Indiana 100 supplement listing the top 25 fastest-growing Indianapolis-area private companies. Exacq Technologies ranks #4 on the 2012 list. The IBJ ranked the companies based on revenue growth from the fiscal years 2009-2011. Last year Exacq ranked #7 on the list.

In addition to the list, the IBJ also had an article that highlighted the top ten companies. The feature on Exacq begins:

Exacq Technologies Inc. President Dave Underwood shows potential clients a video of a jewelry store customer palming a $47,000 three-carat diamond ring. He explains that with older, analog technology, even though the robbery would have been caught on camera, you couldn’t have seen the sleight of hand because there wasn’t enough resolution in the pictures. But with the Internet protocol megapixel cameras, you can see exactly what’s going on.

That video helps Exacq, which develops the software that manages the security cameras that are ubiquitous in businesses and public buildings, win over new customers who need video surveillance to protect their inventory, work force and clients.

The article goes on to talk about Exacq’s value path for customers:

Underwood said Exacq offers a product line that allows clients to integrate the high-resolution equipment while retaining their older technology. So instead of replacing all their equipment, clients can add cameras where it makes sense. Exacq integrates the cameras with its software and systems, and retrofits the analog cameras with a modern system. Underwood compares the upgrade to replacing your home or office computer every few years to update technology. Because security cameras are standard equipment everywhere from banks to fast-food restaurants, Exacq’s growth has been exponential.

“People are willing to switch out when there’s a value in switching out to the new technology so you can see something you couldn’t see before,” Underwood said. “And that’s one of the reasons we’re growing rapidly.”

The full article can be read here. The list can be viewed here.

Exacq ranked #4 in 2012 Fastest-Growing Indianapolis-Area Private Companies

Exacq makes 2011 Inc 500 list

Exacq on the 2011 Inc. 500 listInc. Magazine just announced their 2011 Inc. 500 list of the fastest growing private companies in America. We are very pleased to announce that Exacq Technologies has made the list again, our second year in a row.

Our 2011 listing has us at #401, reflecting an 851% growth between 2007-2010. Making the list two years in a row reflects continued, sustained growth. We are certainly grateful to our entire customer base: our Certified Resellers, our Distributors, and the end-users who have adopted Exacq products in their facilities, for enabling this growth rate.

To qualify for the Inc. 500 list, companies must have been founded and generating revenue by March 31, 2007, they had to be based in the United States, privately held, for profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2010, with a minimum required revenue for 2007 of $100,000 and a minimum for 2010 of $2 million.

The Inc. 500 website gives an analysis of companies by categories. Exacq is in the Security category. We are the only physical security vendor in the top 500, and the highest-ranking physical security vendor in the entire 5000 list.

The Inc. Magazine profile of Exacq is here. Our Press Release on the 2011 Inc. 500 listing is here.

Exacq debuted on the Inc. 500 list last year, and our report on that is here.

Thanks again to all of the Exacq employees, resellers, distributors, and customers, for your continued support.

Exacq ranked #7 on IBJ’s list of fastest-growing Indianapolis private companies

Exacq in The Indianapolis Business Journal 6-18-11This week’s Indanapolis Business Journal lists the top 25 fastest-growing Indianapolis-area private companies. Exacq Technologies ranks number 7 on the list. The IBJ ranked the companies based on revenue growth from the fiscal years 2008-2010.

In addition to the list, the IBJ also had an article that highlighted the top ten companies. The feature on Exacq begins:

There’s technology behind all those video surveillance cameras you see everywhere, and that is what’s behind the growth of Exacq Technologies Inc.

President Dave Underwood said the company is in a high-growth industry where the market is changing rapidly— from analog cameras and dedicated digital video recorders to Internet protocol cameras and video management system software.

The article goes on to talk about Exacq’s products and customers:

Exacq Technologies develops the software that manages the cameras. With its systems, real-time and recorded video can be viewed, managed and configured from any location on a network. The company sells its products to professional security integrators like Koorsen Security Technology, which then sell to the businesses, schools, hospitals and other enterprises that require surveillance.

Underwood said about 500 integrators around the world sell Exacq’s technology to end users such as Coca-Cola, Nike and Apple, as well as locally to Carmel-Clay Schools and Community Health Network, among others.

And it ends discussing Exacq’s growth:

With concerns prevalent about liability and theft, and businesses wanting to protect people and property, Underwood sees Exacq continuing to grow. The company ranked No. 173 on the Inc. 500 list of fastest-growing companies in 2010, and he said he’s been notified that it’s back on the list for 2011.

The full article can be read here.

Exacq #7 on IBJ fastest-growing Indianapolis-area private companies list

Zooming In on Security Market – IBJ on Exacq

Indianapolis Business JournalThe Indianapolis Business Journal edition for the week of September 27, 2010, has a feature story on Exacq Technologies entitled Zooming In on Security Market. The article starts out:

Think of video surveillance technology and what comes to mind? Maybe a corporate security officer with a Stacy Keach mustache, squinting behind a blurry TV monitor.

Exacq feature in Indianapolis Business JournalOr, as they do it at Exacq Technologies, an employee whips out his iPhone to reveal thumbnail videos from cameras watching its Fishers headquarters. He taps one box to pull up a full-screen image from a camera atop the roof. Tapping again, he pans and zooms in on the parking lot. Talk about the ultimate app.

“It gives even a small-business owner the ability to manage their business without being on-site,” said Exacq President David Underwood, who co-founded the maker of video management system software and servers.

Among its customers is no less than Apple Computer, which uses Exacq’s video surveillance system at its California campus and in some of its retail stores.

The article is fairly in-depth, with interviews with Exacq customers, industry analysts, and a competitive assessment. One of the Exacq security integrators interviewed was Koorsen Security Technology, a SecurityNet and PSA Security reseller:

For an upstart company to come in and win customers in this segment is no easy feat, said Skip Sampson, vice president of Indianapolis-based Koorsen Security Technology.

Security types tend to be conservative and hard to penetrate with a new brand, he said, explaining that a video surveillance system can last for decades.

“You’re normally married to [a brand] for a long time,” he added.

What’s helped Exacq penetrate the market quickly has been that its top executives have worked for other security firms, Sampson said.

The full article can be read here.

Indianapolis Business Journal feature on Exacq, Sept 27, 2010

Exacq makes 2010 Inc. 500 list at #173

Exacq on the 2010 Inc. 500 listInc. Magazine just released their 2010 Inc. 500 list today. The Inc. 500 is an annual listing of the fastest-growing private companies in the United States.

Exacq Technologies came in at #173, reflecting a 1642% growth rate over four years, from 2006-2009. We’re of course pleased to have made the list, and we certainly appreciate our reseller partners and customers who have made this possible by their enthusiastic adoption our product line since it was introduced in 2006.

The Inc. 500 website breaks this year’s list down by categories. We’re in the Security category. The vast majority of the companies in that category are in IT or identity security. Exacq is the highest-ranked physical security company on the entire list, with only two others in the top 500  involved in physical security.

To qualify for the Inc. 500 list, companies must have been founded and generating revenue by June 30, 2006, they had to be based in the United States, privately held, for profit, and independent – not subsidiaries or divisions of other companies – as of December 31, 2009, with a minimum required revenue for 2006 of $80,000 and a minimum for 2009 of $2 million.

The Inc. 500 profile of Exacq Technologies is here:
http://www.inc.com/inc5000/profile/exacq-technologies

We issued a press release today on our Inc. 500 listing.

As a point of historical reference, the last time we applied for the Inc. 500 list was ten years ago, when we owned Integral Technologies, where we made the list at #237.

Thanks again to all of the employees at Exacq, to our sales channel, and especially to our customers. This is quite an honor.

Exacq #173 on the 2010 Inc. 500 list