The Significance of the 2023 Washington Technology Fast 50

Introduction

The Washington Technology Fast 50 recognizes the noteworthy contributions of small businesses that serve government customers. The rankings are based on compound annual growth rates from 2018 through 2022. The 2023 list features several small businesses, 19 of which have appeared on the Fast 50 for two consecutive years. The diverse categories of these businesses showcase their capabilities and highlight their importance in the market.

Remarkable Work of the Fast 50 Companies

What sets these 50 companies apart is the remarkable work they do for government agencies. These small businesses are not merely sustaining the function of government agencies but are also actively involved in advanced technology projects. For example:

BrainGu (No. 19), is providing software and application development services for the Air Force’s Advanced Battle Management System, a component of the Department of Defense’s Joint All-Domain Command and Control program known as JADC2.
Analygence (No. 30) is contributing to critical military and intelligence programs through artificial intelligence, machine learning, and robotic process automation. Their clients include U.S. Cyber Command, the Air Force, and the Air Combat Command.

Varying Sizes of Companies on the List

The sizes of the small businesses on the Fast 50 list vary significantly. TekSynap Corp. (No. 25), a small, disadvantaged business, reports employing more than 1,000 people and working across several industries, such as telecommunications and wireless technologies. At the other end of the scale, Valid Evaluation (No. 5) employs only 16 individuals, and Crown Point Systems (No. 16) has 23 employees. The size of the remaining Fast 50 companies ranges from the 30s to a few hundred.

Assessing Capabilities and Customers

The Fast 50 provides an opportunity to assess individual companies’ capabilities and their respective clients. The rankings also offer relevant information on contracts and leadership. Every company’s website is available to explore further their work and accomplishments.

Conclusion

The Washington Technology Fast 50 plays a vital role in recognizing exceptional small businesses that serve the government market. The contributions of the Fast 50 honorees demonstrate the significant role that small businesses play in the government marketplace. The rankings are available on the website, where there is also a feature to control cookies and opt-out of personalized advertising.

Originally Post From https://washingtontechnology.com/opinion/2023/10/2023-fast-50-showcases-small-business-tech-skills/391597/

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