The Great Recession hit IPS Technology Services hard, winnowing its revenues to frightening levels in 2009. But that sort of challenge only set up the Troy-based IT firm for a comeback bigger than the company's leadership could ever imagine.
The 10-year-old firm tripled its revenues within two years. Then it quadrupled that number, putting it solidly into seven-figure territory. The company also hired eight people over the last year, expanding its business to 25 employees.
"We got a couple of huge contracts and some big clients we won over," says Pradip Sengupta, president & CEO of
IPS Technology Services.
The company also expanded into staffing, sending new employees to other companies in the IT and engineering fields. It is also growing its work in the mobile sector and handling more clients in healthcare.
"We are poised for growth because mobile is one of the biggest things out there," Sengupta says.
Source: Pradip Sengupta, president & CEO of IPS Technology Services
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.
Enjoy this story?
Sign up for free solutions-based reporting in your inbox each week.