McLean, VA – Octo Consulting Group, a leading provider of technology and management consulting services to the Federal government, has received recognition from Washington Technology Magazine as one of the area’s fastest growing businesses. Octo Consulting is the second-fastest growing firm with a compound annual growth rate of 227.75%; this is their first Fast50 award.
“This award is testament to the hard work of our team and our commitment to our results-driven approach. As we look to the future, we’re confident we have the team and strategy to sustain growth while staying true to our roots as a small consulting firm,” says Mr. Mehul Sanghani, President of Octo Consulting Group.
The Washington Technology Fast50 awards go to companies with at least five years of government contracting revenue, which is then calculated to determine a five-year compound annual growth rate. To be considered, companies also must be a categorized as a small business. Many of the companies on this year’s list are either 8(a) or veteran-owned. For more information about the Fast50 please visit: http://washingtontechnology.com/articles/2011/08/01/fast-50-methodology.aspx.