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Clarity Named to Region’s “Fast 50”

The Austin Business Journal awards Clarity a spot among central Texas’s fastest growing companies

Clarity Resource Group, a technology and business consulting firm, today announced that it has been named by the Austin Business Journal as one of the “Fast 50” growing private companies in the region.

This is the second year in a row that Clarity has placed in the “Fast 50” contest, which the ABJ began about a decade ago and holds annually. The ranking of the 50 winning companies is based on their revenue growth rate over a three-year timeframe, starting with the most recent fiscal year and extending back two years before that.

Clarity has approximately doubled its revenue each year during this period, going from about $3.5 million in 2005 to nearly $8M in 2006, and then surpassing $14.5 million in 2007. This works out to a three-year growth rate of 311%.

“Clarity is one of the companies that showed impressive growth relative to other local businesses who entered the contest,” said Christy Eilers, the ABJ’s Marketing Event Coordinator.

Though the individual rankings of the 50 winners have not yet been announced, Clarity is optimistic about garnering a high rank. Last year it placed first among professional services firms in the under-$10 million category, and this year jumped to the second category by earning substantially more than that. “We’re really pleased to be included in this group of successful businesses, and to help represent entrepreneurship and opportunity in central Texas,” said Jim Urhausen, who founded Clarity in 2004 and serves as a partner.

Clarity, which provides consultants and contractors in application development, e-commerce, information management, and finance/accounting, believes that it owes its success to a relevant product for the digital age, personalized services, and above all, its people.

“We have always stood by the wisdom that you’re only as good as the people you hire,” says Cathleen Anderson, VP of Professional Services at the company. “But we take that one step further by concentrating very intensely on hiring the right people—those who hold themselves accountable, who want to be part of a solutions-oriented team, and who do their jobs as if they owned the company themselves.”

As the contest rules mandate, each company who enters the “Fast 50” contest has its headquarters in either Travis, Hays, Williamson, Caldwell or Bastrop County. All are independent, privately held corporations, proprietorships or partnerships that earned at least $500K in revenue in 2005, the year designated as the revenue starting point for this year’s contest. These companies compete in a wide variety of industries, including finance, construction, technology, and travel.

The winners will receive mention in the Book of Lists, published each December by the ABJ to serve as a business resource, networking tool, and lead generator throughout the area. The ABJ will also honor the winners with an event at the Renaissance Austin Hotel on October 16, 2008.