Caelynx has grown its revenue at least 20 percent each year since it opened in 2005. Back then the engineering firm operated out of the founder’s house. Now it has $3 million in sales and a staff of 23 employees and the occasional intern. It has hired one person over the last year (a sales and marketing professional) and is looking to hire two mechanical engineers to keep its revenue growth in the double-digits.
"It's amazing that we have been able to keep that up," says Hans Steiner, director of business development for Caelynx
The Ann Arbor-based firm specializes in engineering software to provide consulting services. Although the consulting services still make up the core of the business, Caelynx has found a lot of room to grow in selling the software platforms it employs. Software sales accounted for zero revenue two years ago. Now it's 25 percent of the company's bottom line and could reach 50 percent over the next year.
"That's really taking off," Steiner says. "It has become a bigger and bigger part of our revenue."
Caelynx recently was named as one of Ann Arbor SPARK's
FastTrack companies, which means it has had revenue of at least $100,000 in 2009, with a verified annual growth of 20 percent for the following three years. It received the five-year FastTrack award for its continued growth.
Source: Hans Steiner, director of business development for Caelynx
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.