N2grate, a cloud-based server hosting firm founded in 2010, is ranked No. 1 on Washington Technology’s 2015 Fast 50 list of companies that have seen accelerated growth over the past year, the publication reported Tuesday.
Mark Hoover writes n2grate generated revenues of $28.5 million in fiscal 2014 at a compound annual growth rate of 292.57 percent.
Steve Halligan, president and chief operations officer of n2grate, co-founded the company with former federal judge and current company vice president Jack Farley, the report said.
Halligan noted the company “” which provides cloud integration, IT infrastructure and data center services to federal agencies “” works to establish a business approach that focuses growth in the civilian market.
Hoover reports that n2grate’s current customers include the departments of Health and Human Services, Labor and Homeland Security.
“[With] focus comes results,” Halligan told Washington Technology.
“But until you really focus, I don’t think you’ll see the growth or hit expectations.”