Crain's NY Names Convene as New York City's Fastest Growing Company
Earns Top Spot in Fast 50 with 3,463 Percent Revenue Growth from 2009 through 2012
NEW YORK, Oct. 7, 2013 /PRNewswire/ -- Crain's New York Business has recognized Convene (www.convene.com) as the fastest growing company in New York City.
The business publication's October 7, 2013 issue features its second annual listing of the Fast 50 (http://www.crainsnewyork.com/features/fast50). Companies selected for the Fast 50 had more than 100 percent revenue growth for three consecutive years and overall revenues greater than $10 million. The list includes both privately held companies, and for the first time, publicly-traded firms.
The article cites Convene's co-founders and principals, Christopher Kelly and Ryan Simonetti, as "… noticing a shortage of meeting space for one-day events in the city, they set out to fill the gap. They were on to something—and the firm saw sales skyrocket by 3,463 percent from 2009 to 2012."
Convene, the nation's fastest growing conference center network, currently operates three conference centers in Manhattan. In July 2013, the company announced two additional centers,101 Park Ave. near Grand Central, scheduled to open later this year; and Tysons Corner, Virginia, marking its first location outside of New York and the start of its national expansion. The 1800 Tysons Boulevard center will serve the Washington, D.C. metropolitan region when it opens in early 2014.
"Behind our topline revenue growth, we have quietly built strong infrastructure and human capital that will power expansion within and beyond Manhattan," said Mr. Kelly. "We expect demand for outsourcing meeting space to continue to grow and we are working closely with our clients and landlord partners to serve them both in an expanded capacity."
"We are genuinely grateful to our team, clients, capital partners, vendors and landlords who have collectively written the first chapters of Convene's story. We look forward to sharing continued success and growth together in the future as we expand our national footprint and service offerings," said Mr. Simonetti.
Convene (www.convene.com) is the leading developer, owner and operator of urban day conference centers in the United States. Its full suite of business services includes meeting and collaboration space rental, "room service building catering," audiovisual and conference planning support. Offered through various lease, joint venture and management arrangements, the company partners with landlords and tenants to enhance the quality of commercial office buildings and improve the workplace experience through better service and space design.
Emily Simmons / Rick Anderson / Henry Feintuch
212-808-4904 / 718-986-1596 / 212-808-4901
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