Advanced Concepts and Technologies International (ACT 1) announced on Tuesday that the Virginia Chamber of Commerce recognized ACT I as one of the fifty fastest growing companies in Virginia in 2019 with the 24th position on the “Fantastic 50” list.
“It is an honor for ACT I to be recognized by the Virginia Chamber of Commerce as the twenty fourth fastest growing company on the list of Fantastic 50,” said Michael Niggel, ACT I CEO. “The company’s growth is a testament to our employees’ hard work and our corporate commitment to delivering value and results for our clients.”
Now in its 24th year, the FANTASTIC 50 program is the only annual statewide award recognizing Virginia’s fastest growing business. Nominations for the 2019 FANTASTIC 50 were sought last fall from local chambers of commerce, economic development organizations, and through the sponsors’ networks; companies may also nominate themselves.
To be eligible, a company must be privately held with headquarters in Virginia, show revenues between $200,000 and $200 million, and demonstrate positive revenue growth and positive net income in its most recent fiscal year over the previous year. Companies are judged on four-year revenue history. The professional service firm Dixon Hughes Goodman verifies all award entries.
The recipients of the list were announced during an awards banquet at the Westfield Marriott in Chantilly on May 2nd by the Virginia Chamber of Commerce.
“It is our honor to recognize the entrepreneurial spirit of the fifty fastest growing businesses within the Commonwealth,” said Barry DuVal, president and CEO of the Virginia Chamber of Commerce. “We are glad to toast the Virginia business leaders and the dedicated employees who have brought these companies continued success.”
About ACT I
ACT I is an ISO 9001:2015 certified small business and assessed at CMMI Level 3 for services delivering mission-critical Total Acquisition Management, Cyber Security, and Foreign Military Sales solutions to customers across the globe.
We are retained by the U.S. Department of Defense, Defense Health Agency, Department of Homeland Security and other Federal Agencies, and allied partners to support their most complex programs in the areas of Acquisition Strategy, Program Management, Healthcare Advisory Support, Engineering, Logistics, Financial Management, Security and Cyber, Contract Negotiation Support, and Security Cooperation and Assistance Services.