Akorbi Ranked #27 in Dallas Business Journal’s Middle Market 50: Based on revenue nearly tripling in 3 years

PLANO, Texas – June 22, 2017 – Akorbi was ranked as the 27th fastest-growing Middle Market Company in North Texas based on their revenue nearly tripling from 2014 to 2016. The award’s ceremony was hosted by the Dallas Business Journal on June 15th at The Ritz-Carlton in Dallas.  The award ranks public and private companies in the Dallas-Fort Worth area with annual revenue of $25 to $750 million.

This award is a welcome acknowledgment of the company’s commitment to aggressive growth (1,267% from 2012 to 2016) fueled by innovation and technology.  It comes on the heels of recognition by the Women Presidents’ Organization and American Express, which ranked Akorbi as the 8th fastest-growing woman-owned/led company globally in its 2017 list (up from 12th place in 2016). The company is also leading its sector as a language service provider. In 2016, Common Sense Advisory ranked Akorbi as the 3rd fastest-growing language services provider in the world.

“It is an honor to be included in this prestigious list with so many respected DFW-based companies,” said Claudia Mirza, CEO and co-founder of Akorbi. “I credit our entire forward-thinking executive leadership team for helping us stay on track with our vision of exponential growth.”

“We appreciate the Dallas Business Journal for encouraging and recognizing outstanding growth in our local community,” said Azam Mirza, President and co-founder of Akorbi. “Although we have a presence around the world and serve a global customer base, we are proud to call North Texas our home.”

About Akorbi

Akorbi is a U.S.-based company that provides enterprise solutions that empower companies to achieve success in the global economy. We help companies connect with employees, vendors and customers in over 170 languages 24×7, in any modality, from any location. Our customizable, enterprise solutions include: technical and multilingual staffing, learning services, multilingual contact centers, video remote solutions, translation/localization and in-person interpretation services. The company holds several certifications including ISO 9001:2008, ISO 13485:2003, EN 15038:2006 and M/WBE Certification.  For more information, visit www.akorbi.com or call 1.877.4.AKORBI.

 About the Dallas Business Journal

Founded in 1977, Dallas Business Journal is the leading source for local business news, research, and events in the DFW area. The publication offers print and digital editions and hosts awards events including Best Places to Work, 40 Under Forty, Women in Business, and the Middle Market 50. For more information, visit http://www.bizjournals.com/dallas.

Exclusive: These Are the 50 Fastest-Growing Women-Owned Companies in the U.S.

50-fastest-growing-women-owned businesses badge

Akorbi has snagged the No. 8 spot on the annual ranking of the fastest growing women-owned or led businesses released by the Women Presidents’ Organization (WPO) and American Express

The list, which is in its tenth year, ranks companies based on both percentage and absolute growth. To qualify, businesses must be privately-held, woman-owned or led, and have reached an annual revenue of at least $500,000 as of Jan. 1, 2012. The 50 companies generated a combined $7.2 billion last year, up from $75 million in 2007, the first year the list was compiled.

Top-ranked Orangetheory is followed by Pinnacle Group, an IT workforce solutions firm based in Dallas, which has remained in the No. 2 spot for the second year in a row. IT services firm Technology Concepts Group International, a newcomer to the list, was ranked No. 3.

Here is the full list of the 50 below:

  1. Orangetheory Fitness
  2. Pinnacle Technical Resources
  3. Technology Concepts Group International
  4. Morning Sun Financial Services
  5. CATMEDIA
  6. Contract Direct
  7. Xtreme Solutions
  8. Akorbi
  9. Maximum Games
  10. Contingent Resource Solutions
  11. Aden & Anais
  12. Nugate Group
  13. Atrium Staffing
  14. MYCA Material Handling Solutions
  15. Ivie & Associates
  16. TKT & Associates, Inc.
  17. Quality Business Solutions
  18. Merrimak Capital Company
  19. BrightStar Franchising
  20. The Revel Group
  21. Prim Construction
  22. Influenster
  23. TransPerfect
  24. CorAnet Corp
  25. Renogy
  26. Twelve, Inc.
  27. CA South
  28. Chas Roberts A/C & Plumping, Inc.
  29. Greene-Group
  30. Ampcus Inc.
  31. Schendel Mechanical Contracting Ltd.
  32. Innovation Office Solutions

Read the Original Article on Fortune.com

Latina Entrepreneurs Elevate Minority Business Issues During Meeting With President Trump

Translation company owner standing in oval office
President Trump meets with women small business owners at the White House.

Twelve days after the U.S. Hispanic Chamber of Commerce facilitated a roundtable discussion with Latina business owners, a meeting with President Trump, Vice President Pence and Linda McMahon, Head of the Small Business Administration, quickly was arranged to continue to elevate the issues and seek further engagement to advance the priorities of women and minority owned businesses.

Joining a total group of eleven women small business owners, we- four Latina business owners- embraced the responsibility to speak up on behalf of the issues and barriers faced by the fastest growing business segment in the country; Hispanic-owned businesses.

The four Latinas at the table with the President included Patricia Funegra, a social entrepreneur and activist, founder and CEO of La Cocina VA, Dyan Medina Gibbens, former Air Force Captain now founder and CEO of the drone company Trumbull Unmanned, Claudia Mizra, an immigrant from Colombia founder and CEO of Akorbi a global provider of multilingual services and staffing and I, Lili Gil Valletta, CEO and co-founder of CIEN+ and CulturIntel.

Lili Gil Valletta, Dyan Medina Gibbens, Claudia Mirza, Paty Funegra

Some of the key issues discussed included mentoring, better awareness of SBA programs to ensure equity in access to capital and opportunities like government contracting, training and STEM programs for children K-12 and removing barriers for lending that disproportionately affect women and minorities.

As private citizens and Latina business owners without party affiliation, we proudly shared our journeys as immigrants and underscored the importance of recognizing America’s shifting demographics and closing inequality gaps.

I particularly brought up the need to engage Hispanics as programs are designed and the need for relevant community outreach and role models among minority children and their parents to foster a culture of education, STEM and innovation. These inclusive strategies can make generational impact by leaving a legacy of systemic changes and programs that empower the diverse segments that are set to drive incremental growth, but have yet to achieve their full potential.

While many organizations have recognized diversity in talent and leadership as a key business priority, many still lag behind when it comes to diversity as a priority for vendor or partner contracting. This is what is called supplier diversity, a term often misunderstood as an effort to fulfill quotas instead of a key strategy to drive innovation, sustainability and economic growth.

The shifting demographics in America are an eminent reality. In fact, the U.S. Census estimates that by the year 2044 we will be a majority-minority nation; however this milestone has already arrived across public schools in America today. In fact, according to the US Census, minorities drive 100 percent of population growth.

But how are these trends linked into the economy of our businesses and nation? Simply said, it’s about growth. Common business sense tells us that investment and priority ought to be allocated to the trends and factors driving growth.

According to the SBA, small businesses have created 66% of net new jobs since the 1970s; a key economic indicator tied directly to the overall health of the economy. In addition, minorities are fueling small business growth and outpacing other segments in firm creation. For example, over the last decade, Hispanic-owned companies have grown at a rate 15 times higher than that of all other firms, according to the U.S. Hispanic Chamber of Commerce; with Latinas outpacing their male counterparts within the segment. African-Americans and Asians also report higher growth rates in new firm creation at 34% and 24% respectively, versus -6% for non-minority firms, according to the Minority Business Development Agency (MBDA). ­­

Among women, Latina owned businesses lead the way driving new business growth according to The 2016 State of Women-Owned Businesses Report commissioned by American Express OPEN. Between 2007 and 2016 the number of Latina owned firms increased by 137% versus 45% for overall women-owned firms.

Unfortunately, while minority owned businesses are driving new small business growth and creating new jobs that play a critical role for American prosperity, a closer look at the revenues performance and access to capital of these businesses highlight concerning inequality gaps that have a direct impact in America’s ability to achieve its full growth potential.

While minority owned businesses drive all the growth, they report disproportionately less average gross receipts at $173,552 versus $552,079 for non-minority firms, according to the MBDA. That is .31 cents to the dollar in revenues, which translates into a $3.1 trillion gap that should be coming into the economy. Overall minority-owned businesses today contribute $1.4 trillion in combined gross receipts. For Hispanic-owned businesses the disparity is greater at .25 cents to the dollar, this according to the U.S. Minority-Owned Fact Sheet published by the MBDA January of 2016. Only earning a third of their full revenue potential also means their ability to generate new jobs is not being exercised at their full potential. Overall, minority firms today represent approximately 28 percent of all firms in the U.S., however they only contribute 0.04 percent in combined gross receipts of all U.S. firms contributing $1.4 trillion out of $33.5 trillion, according to numbers reported by the MBDA.

This issue trickles down to women, particularly Latinas, who lag behind achieving their full economic potential earning 36 cents to the dollar in revenues versus their female counterparts. Overall women-owned businesses report average revenues of $143,431 while Latinas report $52,087. If Latina owned businesses were to reach parity in revenues with their female counterparts this will bring into the economy an additional 172 billion in revenues. Today’s $97 billion would become $269 billion.

The Small Business Administration plays an important role in helping fill these gaps. Programs like Scale Up and Score were mentioned as successful models. However, new strategies must be explored to provide for more flexibility in startup funding, minority business inclusion and bringing flexibility to lending mechanisms.

When the segments that are driving the growth in new small business creation- who are also the ones driving new job creation- are not achieving their full revenue potential, the American economy is not – and will not- prosper at its full potential either. “ Lili Gil Valletta

This is not a minority issue, but an American issue. This is why organizations like the U.S. Hispanic Chamber of Commerce under the leadership of President and CEO Javier Palomarez, have taken a stand to advocate for minority and Hispanic owned businesses. Palomarez has made it clear that his role is one to elevate the priority and economic power we, Latino business owners, represent to the economic well being of this country.

Despite his harsh criticism of Trump during the campaign, he is now open to work with the president on issues they agree on. Palomarez told the New York Times recently “I’d much rather campaign from the inside than complain from the outside.”

As a member of the U.S. Hispanic Chamber of Commerce I am proud to support this call to action. Despite the emotional charge that may be associated with approaching the Trump administration, I am willing to speak out and speak up. In a way, presenting the Hispanic and multicultural business case with hard facts to the board rooms of Fortune 100 companies for the last 20 years of my career have prepared me now to elevate the same priority on a much larger stage at the White House.

In summary, designing inclusive policies and procurement practices is not an altruistic mission but a critical requirement for our economy to grow and for all Americans to prosper. However for that to take place, the segments driving the growth in population and businesses must be properly included, heard and prioritized when decisions are being made. We must find more inclusive and positive ways to work together, especially after a divisive and emotionally charged campaign year; and this meeting represents an important step forward for all.

Meeting With President Trump and Women Business Owners

Claudia Mirza standing outside of whitehouse

Twelve days after the U.S. Hispanic Chamber of Commerce facilitated a round table discussion with Latina business owners, a meeting with President Trump, Vice President Pence and Linda McMahon, Head of the Small Business Administration, quickly was arranged to continue to elevate the issues and seek further engagement to advance the priorities of women and minority owned businesses.

Joining a total group of eleven women small business owners, we- four Latina business owners- embraced the responsibility to speak up on behalf of the issues and barriers faced by the fastest growing business segment in the country; Hispanic-owned businesses.

The four Latinas at the table with the President included Patricia Funegra, a social entrepreneur and activist, founder and CEO of La Cocina VA, Dyan Medina Gibbens, former Air Force Captain now founder and CEO of the drone company Trumbull Unmanned, Claudia Mizra, an immigrant from Colombia founder and CEO of Akorbi a global provider of multilingual services and staffing and I, Lili Gil Valletta, CEO and co-founder of CIEN+ and CulturIntel.

Akorbi Receives Prestigious Women Business Enterprise of the Year Award from the Women’s Business Council – Southwest

Akorbi Receives Prestigious Women Business Enterprise of the Year Award from the Women’s Business Council - Southwest

DALLAS, TX – February 7, 2017 – The Women’s Business Council – Southwest (WBCS) honored Akorbi with its prestigious Women Business Enterprise of the Year Award (over $5 million in revenue) on February 2 at its 2017 Parade of Stars Awards Gala.  The event was held at the Embassy Suites in Frisco, Texas and was attended by hundreds of Dallas/Fort Worth-area entrepreneurs, as well as corporate and community leaders.

The event honored Women’s Business Enterprise (WBE) and Sustaining (Corporate) Members who go above and beyond with their advocacy, volunteer and sponsorship efforts to ensure that women-owned businesses succeed.  It also recognized the corporations and government agencies that provide Women’s Business Enterprises with growth opportunities.

Since being founded in 2003 by Claudia and Azam Mirza, Akorbi’s revenues have soared an impressive 758% in the last three years.  The company plans to continue growing by expanding its translation and interpretation services, worldwide contact centers and learning services, as well as by launching new proprietary technology, which will revolutionize the translation and interpretation industries. The company also plans to continue hiring top industry talent and expanding its global workforce of more than 750 people.

“We are incredibly honored to receive this award and are very grateful for the support we’ve received from the WBCS over the years,” said Claudia Mirza, CEO of Akorbi.  “WBENC certification and WBCS membership have been instrumental in our growth due to the valuable relationships it’s helped us establish with corporate members and other business owners.”

About Akorbi

Akorbi offers global and multilingual business solutions in more than 170 languages to some of the largest companies in the world. The company offers a full range of language, localization and global marketing solutions, including: professional staffing, translation, interpretation, multilingual call centers, business process outsourcing, video remote technologies, sign language interpretation, alternate formats, transcription, eLearning and eDiscovery. The company holds several certifications including ISO 9001:2008, ISO 13485:2003, EN 15038:2006 and M/WBE Certification.  For more information, visit www.akorbi.com or call 1.877.4.AKORBI.

About WBCS
Headquartered in Arlington, Texas, WBCS is dedicated to increasing mutually beneficial procurement opportunities between certified woman-owned businesses, corporations, businesses, government entities, institutions and other organizations. With more than 1,000 WBE members and nearly 100 Sustaining (Corporate) Members, WBCS is in its 21st year of providing national certification to women-owned businesses. To find out more about the WBCS, please visit http://www.wbcsouthwest.org. WBCS is a regional affiliate of the Women Business Enterprise National Council (WBENC) covering Oklahoma, north central Texas, Arkansas and New Mexico. Founded in 1997, WBENC has become a powerhouse organization for women entrepreneurs across the country.

Akorbi Partners with Vital Learning to Create Award-Winning Online Leadership Development Curriculum

animated picture of mountains

PLANO, Texas – December 15, 2016 – Akorbi is proud to announce that the Leadership Essential’s online curricula, designed and developed for Vital Learning, has earned several awards including:

  • International eLearning Association, “Best Mobile Learning” (GOLD)
  • Stevie Award, “Best New Product: Managerial Training” (GOLD)
  • Omni Awards, “Best Educational Video” (SILVER)
  • Best of Elearning! “Leadership Training” (Finalist – announcement of winners pending)
  • Best of Elearning! “Softskills Training” (Finalist – announcement of winners pending)

Akorbi was responsible for designing the online versions of Vital Learning’s Leadership Essential’s series, and for making them fully responsive on any browser, so training can take place anytime, anywhere.  The curriculum was originally designed by Vital Learning to help the company develop leaders across its organization, and the company partnered with Akorbi to take it to the next level, while also reducing training costs.

The new, customized curriculum includes the following five key differentiators:

  1. Learning by doing – exercises that enable learners to participate in the learning.
  2. Behavior modeling & skill practice – includes short scenarios, video and small group breakouts.
  3. Mobile-optimized, “bite-sized” learning.
  4. 5 to 8 modules per course with assessments.
  5. Responsive design.
  6. Accessible on any browser.
  7. Skill development over time – reinforcement tools to deepen learning.
  8. Low cost of ownership.

“I’ve had the pleasure of partnering with Akorbi for more than two years,” said Todd Macey, President of Vital Learning.  “Akorbi’s learning services professionals are passionate and highly-skilled, and they deliver (and over-deliver) quality solutions they stand behind. I highly recommend working with Akorbi’s world-class team.”

“Our partnership with Vital Learning allows Akorbi to offer award-winning leadership and management training that seamlessly integrates into any learning management system, so it can be quickly and easily distributed and accessed by team members,” said Matthew Casey, Ph.D., Assoc. Vice President of Akorbi’s Learning Services Division.  “We’re thrilled by the recognition this online curriculum has received world-wide, and we’re excited to offer it as a customized training solution.”

About Akorbi

Akorbi offers global and multilingual business solutions in more than 170 languages to some of the largest companies in the world. The company offers a full range of language, localization and global marketing solutions, including: professional staffing, translation, interpretation, multilingual call centers, business process outsourcing, video remote technologies, sign language interpretation, alternate formats, transcription, eLearning and eDiscovery. The company holds several certifications including ISO 9001:2008, ISO 13485:2003, EN 15038:2006 and M/WBE Certification.  For more information, visit www.akorbi.com or call 1.877.4.AKORBI.

Akorbi Ranked as the #33 Fastest-Growing Company in the Dallas Area in the SMU Cox Dallas 100

Akorbi Ranked as the #33 Fastest-Growing Company in the Dallas Area in the SMU Cox Dallas 100

Only translation, interpretation, contact center and e-Learning provider to be included in prestigious list for 2nd year in a row

DALLAS, TX – December 5, 2016 – Akorbi was ranked as the 33rd fastest-growing company in the Dallas area (up 13 spots from its #46 ranking in 2015) at SMU Cox’s 26th Annual Dallas 100 Awards ceremony on November 29th.  For the second year in a row, Akorbi was the only translation, interpretation, contact center and e-Learning provider to be recognized in the impressive list of fast growth companies, which spanned just about every industry.  Hundreds of entrepreneurs, community leaders and business executives were part of the prestigious event, which took place at the Omni Dallas hotel.

Since being founded in 2003 by Azam and Claudia Mirza, Akorbi’s revenues have soared.  Earlier this year, the company competed with the fastest-growing companies across the U.S. and secured the #501 spot on the 2016 Inc. 5000 with 758% growth in the last three years.  The Women Presidents’ Organization also ranked it as the #12 fastest-growing woman-owned/led company globally.

Akorbi’s impressive growth has been largely due to the launch of a wide range of multilingual business services (such as staffing, contact centers and e-Learning), which support clients around the world.  The company’s impressive client base includes many government agencies and Fortune 500 companies.

Annually, SMU Cox ranks the top 100 Dallas entrepreneurial companies based on sales growth during a specific period of time. These companies must be privately-held and based in the Dallas Metroplex. This year, SMU Cox looked for a high percentage in sales growth from 2013-2015 as the main criteria for the Dallas 100. Akorbi’s impressive 758% growth in recent years makes the company highly deserving of this recognition.

“It’s an honor to be recognized among so many impressive and fast-growing companies in the Dallas area,” said Azam Mirza, President of Akorbi. “We are incredibly grateful for the support of our community, SMU Cox, as well as our outstanding team, which works tirelessly to serve our clients and distinguish Akorbi in such highly competitive industries.”

About Akorbi

Akorbi offers global and multilingual business solutions in more than 170 languages to some of the largest companies in the world. The company offers a full range of language, localization and global marketing solutions, including: professional staffing, translation, interpretation, multilingual call centers, business process outsourcing, video remote technologies, sign language interpretation, alternate formats, transcription, eLearning and eDiscovery. The company holds several certifications including ISO 9001:2008, ISO 13485:2003, EN 15038:2006 and M/WBE Certification.  For more information, visit www.akorbi.com or call 1.877.4.AKORBI.

Akorbi Ranks #501 in Inc. 5000 Based on Impressive 3-Year Growth of 758%

inc5000

PLANO, Texas – November 8, 2016 – Akorbi, a leading provider of multilingual business solutions, has been ranked by Inc. magazine as #501 in its prestigious Inc. 5000 list, making it one of the fastest-growing private companies in the U.S.  The ranking was based on a remarkable growth rate of 758% from 2012 to 2015.  Since 1982, the Inc. 5000 has highlighted the nation’s most successful private companies and has become a symbol of entrepreneurial success.  Akorbi received the award during the three day conference in San Antonio, Texas, which took place October 21-23.

 

Akorbi’s fast-growth can be attributed to the fact that it’s one of the most diversified companies in the language services industry.  In the last few years, the company has expanded globally and added a variety of new services, including multilingual staffing, business process outsourcing, multilingual call centers, eLearning, interpretation, video remote technologies and so much more.

 

Akorbi also continues to improve its competitive edge by developing proprietary technology.  This year, the company introduced its Unified Multilingual Communication’s Platform (UMCP) which, among other things, is helping companies in the healthcare industry be compliant with Section 1557 of the Affordable Care Act.  Section 1557 prohibits using non-certified interpreters, except in emergency situations.  Akorbi’s UMCP gives healthcare providers access to certified interpreters and translators, from any service provider, in every mode of communication (voice, video and in-person) through a single, secure platform.

 

“We are extremely honored to be part of this exclusive list with so many impressive and fast-growing companies,” said Azam Mirza, President and co-founder of Akorbi. “Our growth wouldn’t be possible without the support and dedication of our more than 600 team members around the world, including our co-founder Claudia Mirza, who work tirelessly to support our global clients and make Akorbi an industry leader.”

 

The Inc. 5000 is the most competitive list of fast-growing private companies.  This year, the average three-year growth rate was a staggering 433% and the aggregate revenue was $200 billion.  The companies generated 640,000 jobs from 2012-2015 – about 8% of all jobs created in the entire economy during that time. The complete results of the Inc. 5000 can be found at www.inc.com/inc5000.

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AKORBI RANKS #501 IN INC. MAGAZINE’S 2016 INC. 5000

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About Akorbi

Akorbi offers multilingual business solutions in more than 170 languages to some of the largest companies in the world. The company offers a full range of language, localization and global marketing solutions, including: professional staffing, translation, interpretation, video remote technologies, multilingual call centers, business process outsourcing, sign language interpretation, alternate formats, transcription, eLearning and eDiscovery. The company holds several certifications including ISO 9001:2008, ISO 13485:2003, EN 15038:2006 and M/WBE Certification.  For more information, visit www.akorbi.com or call 1.877.4.AKORBI.

 

More about Inc. and the Inc. 500|5000

The 2016 Inc. 5000 is ranked according to percentage revenue growth when comparing 2012 to 2015. To qualify, companies must have been founded and generating revenue by March 31, 2012. They had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2015. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2012 is $100,000; the minimum for 2015 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at http://www.inc.com/inc5000.

 

Contact:
Veronica Thomison
MPR Source, Inc. for Akorbi
214.893.3740
vthomison@mprsource.com