Fastest risers on CDN Top 100 list: growing despite talent gap

With a combined estimated revenue of between $86.5-$105 million, the four fastest risers on the CDN Top 100 Solution Providers exemplify what it takes to grow as a business in the IT services industry.

We spoke with an executive at each of these companies about some of the factors that may have influenced the rise in the rankings over the past year.

Although each of them had a unique story, a few recurring trends did emerge – good and bad. In fact, of the four executives that were interviewed, three of them said the biggest challenge they faced as a company was the ability to manage growth while finding adequate talent to support it. One of the other trends that emerged was a move away from hardware and towards a much more software-focused approach.

Mark Avila, business development manager, SolutionStack

SolutionStack’s team, which helped the company make between $10 million and $15 million.

Mark Avila said the expansion of its sales team helped SolutionStack last year make between $10 million and $15 million, but finding the talent for that expansion wasn’t easy. “I think one of the challenges that is out there is just finding a really solid talent network,” he said. “The people that we have found are one in a million. The obstacle is finding that needle in the haystack.”

With a sales team that grew from five people to nine, Avila said they were able to put more focus into the sales of managed services by working with partners in the IT industry who had more experience handling managed services. “Part of that has been like working with other partners out there within the IT industry who do handle managed services, which basically opens up a new business opportunities for us,” said Avila.

Coreen Bouchard, founder, PureLogic IT Solutions

Coreen Bouchard, founder of PureLogicIT

PureLogic IT Solutions, which brought in revenue in the range of $35 -$40 million in 2018, shifted focus to its security portfolio by developing unique security offerings, according to Coreen Bouchard. “That includes a lot of professional services, some unique software, and then some unique hardware associated to that,” she said. This also meant it needed to grow its team by adding dedicated account managers, which Bouchard said has led to a greater sense of trust and loyalty from its customers.

“Working with excellent people and building that trust over several years, and having technical capabilities behind the scene, is really what has fueled a lot of our growth,” she said. But once again, finding talent was not an easy task. Bouchard said the biggest challenge was finding “qualified people that are technical” and sales staff that can also provide back office support.

Shaun Roberts, president, Softlanding Solutions Inc.

Shaun Roberts, president of Softlanding

A Microsoft partner since its founding, most of the services Softlanding Solutions provides are aligned with Microsoft technologies, and more specifically, its cloud portfolio. And the recent move towards cloud has helped Softlanding Solutions really take off, said Shaun Roberts, leading to a 2018 revenue in the range of $6.5 – $10 million.

“Adoption of cloud and the wave of cloud migration has really been taking off. And that’s certainly a big part of increasing activity over the last year,” he Roberts. “We have an offering we refer to as managed transformation. So helping organizations approach a digital transformation journey and guiding them on that process. And often that includes migration to the cloud and modernizing how they manage their infrastructure and applications.”

The company’s growth, Roberts said, has led to a “tug of war” to acquire the talent. “We invest a lot in our office. We invest a lot in training our people and making sure we have a good work environment. But certainly, we would love to be hiring faster,” he said. “But it’s a bit of a tug of war out there. It’s quite a big issue out there right now in today’s climate.”

Rajiv Jolly, chief executive officer, SourcetekIT

Rajiv Jolly, chief executive officer of SourcetekIT

As a company that focuses almost exclusively on security services, Rajiv Jolly said their biggest challenge, and simultaneously the source of their strongest differentiation, has been addressing the knowledge gap among customers about the importance of cyber security. “People still take security in Canada very, very lightly,” said Jolly. “They’re not understanding how badly it can hurt them and how it can bring their businesses down.”

But he said being proactive by hosting webinars and other educational events has created a sense of trust with customers, who are then much more willing to let SourcetekIt to do what they feel is necessary to protect that client. “They are willing to listen to it more and are saying ‘Are we vulnerable?’,” said Jolly. “We are best in providing that kind of identification of what their security is and what it should look like.”

 

 

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Buckley Smith
Buckley Smithhttps://www.itbusiness.ca
Staff writer for IT World Canada. Covering the world of technology as it applies to business. Buckley is an avid sports fan who loves travel, food, and music. Can be contacted at [email protected] or 416-290-2000.

Related Tech News

CDN in your inbox

CDN delivers a critical analysis of the competitive landscape detailing both the challenges and opportunities facing solution providers. CDN's email newsletter details the most important news and commentary from the channel.