Advanced Concepts and Technologies International, LLC (ACT I) today announced its recognition as the 15th fastest growing company in Virginia according to the Virginia Chamber of Commerce. The announcement followed the official notification of ACT I’s selection by the Chamber as part of their annual Fantastic 50 awards.
An industry-leading provider of Total Program/Acquisition Management, Intelligence, Cyber, Security, and Foreign Military Sales solutions, ACT I joined companies from across Virginia on the Fantastic 50 list being recognized for continued growth. ACT I was proud to be named to the list for a second year in a row, having been named the 24th fastest-growing company on the Fantastic 50 list in 2019.
“It is an honor for ACT I to be recognized again in 2020 as one of the fastest-growing companies in Virginia,” said ACT I CEO Michael Niggel. “Being named 24th in 2019, and now the 15th fastest growing company in the Commonwealth in 2020 is a testament to the incredible team we have at ACT I. Their commitment to driving mission success for our customers is what makes us an industry leader and what will continue to propel our growth forward in the future.”
Virginia’s FANTASTIC 50 award program is a signature event of the Virginia Chamber of Commerce. Now in its 25th year, the FANTASTIC 50 program is the only annual statewide award recognizing Virginia’s fastest growing business.
“Small business is the heart of our economy and we are pleased to honor the entrepreneurial spirit and hard work of Virginia’s fifty fastest growing businesses,” said Barry DuVal, President and CEO of the Virginia Chamber of Commerce. “Although we are unable to honor these business leaders and their dedicated teams in-person, due to COVID-19, we applaud each of these companies who continue to set the bar higher every year and want to ensure they receive the recognition they deserve for their contributions to the Commonwealth.”
Nominations for the 2020 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 (2015-2018.) The professional service firm Dixon Hughes Goodman verifies all award entries.