Torch Recognized by Inc. for Hire Power Award
Torch was recognized again in 2013, for the second consecutive year, as recipient of the INC Hire Power Award for job creation. Torch is among the 437 private growth companies that are HIRE POWER AWARDS honorees, leading the way in creating more American jobs. While the honorees are found across the country in 25 categories, industries with the most Hire Power companies include health, financial services, software, human resources and IT services. Torch is classified in the government Services category. States with the most honorees include California, Florida, Texas, Ohio, New York, Massachusetts, Illinois and Utah.
The following article, by Lucy Berry with al.com, was published on al.com on Oct. 30, 2013. The original article may be found by visiting al.com.
Inc. Magazine has ranked four Huntsville companies among some of the top job creators in the state over the past 18 months.
Torch Technologies (No. 6), GaN (No. 7), nLogic (No. 8) and The Pinnacle Schools (No. 10), all of Huntsville, nabbed spots on the magazine’s Hire Power Awards list, which recognizes companies that are creating the most jobs across all industries.
Torch Technologies, which was founded in 2002 and has engineering prime contracts worth more than $1.4 billion, added 37 jobs in 2012-13, according to the Inc. ranking. The company grew 212 percent over the past three years and brought in revenues of up to $125 million in 2012.
GaN (Geeks and Nerds) serves mostly military customers in aerospace and defense and added 35 jobs, Inc. reports. With more than $16 million in revenue last year, the 9-year-old company has 118 employees and experienced 132 percent growth over three years.
nLogic, an employee-owned small business that works in the aerospace and defense sectors, added 26 jobs and employs 73 people. Growth jumped 137 percent over three years at nLogic, which exceeded annual revenue by $13 million.
The Pinnacle Schools, a company that offers therapeutic programs for young people in the Huntsville area, created 23 new jobs and has 70 total employees, Inc. Magazine said in the report.