An information technology consulting firm based in Reston is growing faster than any other company in the D.C. area, according to the Washington Business Journal.
Goldschmitt and Associates topped the newspaper’s 2023 ranking of the 50 fastest-growing companies in the region, as determined by the average percentage of revenue growth it saw from 2020 to 2021 and 2021 to 2022.
Headquartered at 11601 Quail Ridge Court, Goldschmitt and Associates reported $115.81 million in revenue last year — a whopping 573.4% increase, on average, from $5 million in 2020 and $10.1 million in 2021.
Though aware that the company has been evolving recently, its leaders say they were still shocked to come out on top when the WBJ announced the list at an awards dinner held at The Ritz-Carlton in Tysons on Oct. 20.
“It’s been so busy given our recent growth that we honestly had no idea where we would be in the ranking,” Laura Kelmelis, director of special programs and security, said by email. “Every time another group was announced we were completely shocked…To be #1 is a huge honor, and one we are extremely proud of.”
Kelmelis and Vice President of Finance Nancy Jones attended the dinner and live-texted their reactions to President and CEO Marc Goldschmitt and Chief Operating Officer Rachel Sutler. The messages escalated throughout the evening from “Our name hasn’t been called yet” to “We are in the top 10!” and culminating at “#1!!!, Omg,” according to Goldschmitt.
Founded in 1998, Goldschmitt and Associates provides computer programming, business management, data analytics, system training and other IT services to government, educational, private and nonprofit clients, according to its website. It has 206 employees and an office in Leesburg in addition to its Reston headquarters.
The firm has also been ranked among the fastest-growing companies in the U.S. by the Inc. 5000 three years in a row. For the 2023 list, it came in at no. 34 overall, no. 1 among Virginia companies and no. 2 in the IT services category.
“We had a lot of help and guidance to enable our growth,” Goldschmitt said. “As we continue to grow, it’s important that we pay it forward and help other small and emerging companies to learn from both our successes and mistakes.”
Including Goldschmitt and Associates, a total of 19 Fairfax County-based companies made the WBJ’s list of the area’s 50 fastest-growing companies in 2023, an accomplishment highlighted by the Fairfax County Economic Development Authority in a newsletter on Friday (Nov. 3).
4. Shiftmed (Tysons)
5. Turn2Partners (Herndon)
12. Shirley Luu and Associates (Tysons)
13. Metaphase Consulting (Reston)
17. Modus Create (Reston)
22. IT Concepts (Tysons)
23. Trustar Bank (Great Falls)
24. PBG Consulting (Tysons)
29. Vika Cos. (Tysons)
30. Inalab Consulting (Fair Oaks)
33. The Alliance Group (Tysons)
34. Omega World Travel (Fairfax)
36. Hive Group (Tysons)
39. Avertra (Herndon)
42. Unissant (Herndon)
44. Bogart Wealth (Tysons)
47. Steampunk (Tysons)
50. Hitt Contracting (West Falls Church)
To be eligible for the ranking, companies had to be private and independently owned. They also had to have a local headquarters and “sustained revenue growth for three years in a row,” making at least $2 million in 2020 and at least $10 million in 2022, according to the WBJ.
This year’s list had 51 companies total as a result of a tie between Hitt Contracting and Largo, Maryland-based Apex Petroleum Group for the final spot.
“Making it any place on the List is a big accomplishment,” the WBJ said in its announcement. “And some of this year’s winners have fought especially hard over the past few years to recover from the pandemic, including several from the hospitality and restaurant industry.”
Makers Union in Reston Town Center will feature a special holiday bar (courtesy Thompson Hospitality) Makers Union, a restaurant and pub based in Reston Town Center, is welcoming the holidays…
The Foster Glen townhomes in Oak Hill are the only development in Fairfax County currently selling workforce dwelling units at 120% AMI (via Google Maps) In the future, people who…
The restaurant Indochen is slated to open in Reston Town Center next spring (courtesy Indochen) A restaurant that fuses flavors from a different continent is coming soon to Reston Town…
Behind the Rotunda Condominiums in Tysons (staff photo by Angela Woolsey) Low Interest in Virginia’s Medical Cannabis Program — “A new study that takes a close look at Virginia’s medical…