Atlas Travel & Technology Group Recognized as a 50 Fastest Growing Women-Owned/Led Company by Women Presidents' Organization & Capital One
MARLBOROUGH, Mass., May 9, 2019 (Newswire.com) - The Women Presidents’ Organization (WPO) has announced the 12th annual ranking of the 50 Fastest-Growing Women-Owned/Led Companies™. Winners were announced during the WPO Annual Conference, held this year in Charlotte, North Carolina. The companies featured on this year’s list - which included Atlas Travel & Technology Group - span a wide variety of industries, including technology and finance, emerging sectors for women. Aggregate revenues of the 50 companies are $5.9 billion, representing a significant impact towards women-led companies’ contributions towards the global economy.
Elaine Osgood, founder and CEO of Atlas Travel & Technology Group, based in Marlborough, Massachusetts, has been ranked 37 among this year’s WPO 50 Fastest-Growing Women-Owned/Led Companies list.
Atlas Travel & Technology Group (ATTG) unifies travel management and technological innovation with our two corporate holdings: Atlas Travel and Prime Numbers Technology. Between the two, ATTG employs approximately 200 individuals and provides globally competitive service across our extensive portfolio of offerings.
“At Capital One, we are passionate about supporting women business owners and leaders,” said Jenn Flynn, Head of Small Business Bank at Capital One. “The rise in women-owned businesses is an exciting trend to watch. These women are a real force, as reflected in the WPO 50 Fastest winners, and they are inspiring others to achieve great levels of success.”
“I am delighted that this year our rankings show that women entrepreneurs are branching out into every sector of business,” said WPO President and Founder Dr. Marsha Firestone. “We are also very encouraged that companies of all sizes, such as Atlas Travel & Technology Group, are represented. Some smaller but very successful companies demonstrated significant growth this year.”
All eligible companies were ranked according to a sales growth formula, combining percentage and absolute growth. To qualify for the ranking, businesses are required to be privately held, woman-owned/led companies and have reached annual revenues of at least $500,000 as of 2013 and every subsequent year. Applicants are not required to be WPO members.
Additional facts about the 2019 50 Fastest Growing Women-Owned/Led Businesses:
- Average age of women-owner/leader is 50, younger than the average age of 51 last year
- Aggregate revenue is $5.9 billion
- Average 2018 revenue was $117.1 million
- Average number of employees on first day: 9; projected average for 2019: 492
- Funding sources at company start:
- 78% with their own funds
- 22% with funds from friends and family
- 6% with a bank loan
- 6% with a line of credit
- 4% with a credit card
- 8% with private investors/angels
All 50 companies were honored at a special event at the 2019 WPO Annual Conference at the Westin Charlotte on Thursday, May 2, 2019. Following the luncheon and awards ceremony, WPO hosted a “Guide to Growth” discussion featuring a selection of 50 Fastest winners sharing advice for established entrepreneurs working to increase businesses.
About Atlas Travel & Technology Group
Launched in 2013, Atlas Travel & Technology Group (ATTG) encompasses corporate travel management leader Atlas Travel and technology innovator Prime Numbers Technology. Atlas Travel is an award-winning, full-service travel management company that provides corporate travel planning, vacation planning, and meeting & incentives services. Prime Numbers Technology is dedicated to helping clients drive significant savings in business spend through industry-leading data analytics, contract and spend optimization, and benchmarking solutions.
About Capital One
Capital One Financial Corporation is headquartered in McLean, Virginia. Its subsidiaries, Capital One, N.A. and Capital One Bank (USA), N.A., offer a broad spectrum of financial products and services to consumers, small businesses and commercial clients. We apply the same principles of innovation, collaboration and empowerment in our commitment to our communities across the country that we do in our business. We recognize that helping to build strong and healthy communities – good places to work, good places to do business and good places to raise families – benefits us all and we are proud to support this and other community initiatives.
About The Women Presidents’ Organization
The WPO is the premier peer advisory organization connecting women who own multi-million-dollar companies. In monthly meetings across six continents, chapters of 20 women presidents from diverse industries invest time and energy in themselves and their businesses to drive their corporations to the next level. Local WPO chapters are coordinated by a professional facilitator and meet monthly to share business expertise and experience in a confidential setting. For more information, contact 212-688-4114 or visit www.womenpresidentsorg.com. Follow the WPO on Twitter @womenpresidents and Facebook @TheWPO.
Source: Atlas Travel & Technology Group