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Evolve Technologies Projects 30% Revenue Growth in 2011


February 22, 2011 - Fairfax, VA

Evolve Technologies (www.evolvetech.com) today announced two new additions to its staff as the company ramps up to support new and ongoing customer-focused support contracts for 2011. An information technology (IT) service provider for small- and medium-sized businesses (SMB) and organizations in the DC Metro Area, Evolve Technologies' is poised to continue its year over year growth with a projected 30 percent for this year.

Core Facts:

  • Evolve Technologies' contract-based business model has secured $1.2 million in revenue for 2011. New customers and upgraded support contracts are projected to increase revenue by nearly 30 percent.

  • Historically, revenue increased 17 percent from 2009 to 2010 while the customer retention rate increased by 25 percent for the same period. The company has maintained a three percent EBIDTA (earnings before interest, taxes, depreciation and amortization) growth over the past six quarters.

  • Meet Dan Damiani -- with more than ten years of experience in IT services, Damiani joins Evolve as a senior network engineer. Most recently, Dan worked at OutsourceIT Corporation as a member of the project management team. Prior to his work at Outsource IT Corporation, Dan served as a network infrastructure and telephony consultant and as director of Technical Operations at Dial a Geek, LLC. He studied computer science at the University of Maryland.

  • Meet Cyndi Lucas -- bringing more than eight years of staff management and supervision experience, Lucas assumes the newly developed service coordinator role at Evolve Technologies. In this capacity, she will assist in all aspects of the service department and provide support to inventory management and sales as it relates to the service and technical team. Prior to joining Evolve, Lucas worked for various lobbying and legislative advocacy organizations managing volunteers and field staff. Most notably, she served as a Field Strategies Manager for the American Civil Liberties Union. Cyndi has a degree in sociology and International studies from Loras College in Iowa.

Quote:

Dave Sobel, CEO, Evolve Technologies, said, "Information technology has evolved to the point where it is no longer an option not to have an expert supporting your company. Similar to a legal counsel or financial consultant, IT service providers are becoming a necessity in today's highly connected corporate environments. As Evolve looks to the future and the projected growth of our customer base, the addition of both Dan and Cyndi will help to ensure our ability to continue to provide efficient and reliable IT support and services to all of our customers."

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About Evolve Technologies
Evolve Technologies (www.evolvetech.com) is a consulting firm that provides information technology (IT) and computer networking services to small business, faith-based and nonprofit communities in the DC Metro Area. Based in Fairfax, Va., Evolve Technologies' services and solutions include server installation and network management, virus protection and network security, backup services and disaster recovery, cloud computing, and total information technology outsourcing. Evolve Technologies is a Microsoft Certified Partner, an IBM Premier Business Partner and partners with numerous other leading technology providers including Cisco, Cymphonix, Dell, HP, StorageCraft and Xerox. In addition, Evolve Technologies is the winner of numerous awards including the Microsoft 2007 U.S. Field Partner Award for Customer Satisfaction & Experience, the MSPmentor 100 and 250 and the ConnectWise 2008 "Best New Idea Award."

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Press Contact
Elizabeth Palm
DPR Group, Inc.
240-686-1000
epalm@dprgroup.com

Company Contact
Dave Sobel
Evolve Technologies
703-426-7100
busdev@evolvetech.com

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