Bloomington-based Savigent Software Inc., returns to the Fast 50 List at No. 24 and as SymphonyAI Industrial Digital Manufacturing Inc. The software company had 2020 revenue of nearly $15 million, representing an increase of 77.81% from 2018. In March 2021, Woburn, Mass.-based Symphony IndustrialAI acquired Savigent, changing its name.
For more insight into this fast-growing company, we asked President Barry Johnson …
What are some business decisions your executive team made that were critical to your company's growth from 2018 to 2020?
- Relentless customer focus. Our clients are leaders within their industries, and we help them solve some of their most complex digital manufacturing challenges. We consult with our clients and together develop solutions which deliver high-impact business value leveraging our technology. When we do this, we become a trusted adviser.
- We must innovate so that our technology delivers rapid value for our clients. Starting in 2019, we sponsored employee-led communities of innovation. This has proven to be a very effective way to incubate and scale great ideas from our most important assets, our people.
As your company grows its workforce, what recruiting tools do you use? The goal is to hire great talent and the company strives to bring in a diverse candidate pool as we highly value a diversity of experiences and perspectives in our workforce. We leverage the Symphony Industrial AI, Digital Manufacturing website, LinkedIn, Indeed, Glassdoor, etc. We also use outside recruiting agencies. We are working alongside some of the most prestigious universities in the country to help create and execute curriculum that better prepares the next generation of workers to make their impact in the future or manufacturing.
Have you made any permanent changes to your business operations or offerings because of the pandemic? Our business has generally been pandemic resilient. As more of our clients are facing supply-chain and workforce challenges within their operations, the urgency for manufacturers to digitize has only increased. As for our internal teams, we have primarily gone to remote operations, as well, and we have been using collaboration software to deliver value to our clients.
What are your top goals for the year ahead? Our focus is on delivering AI-based digital solutions with our existing and new clients that empower human-machine teams to drive more productive, safe and sustainable manufacturing operations. AI has barely penetrated the manufacturing operations space, and we intend to lead. We’re also expanding our market access by establishing a formalized partner network to implement our solutions and establishing our own operations in Europe.
Fast facts
Growth rate: 77.81%
2018 revenue: $8,416,607
2019 revenue: $12,842,262
2020 revenue: $14,965,973
Top executives: Barry Johnson, Dominic Gallello, Romesh Wadwani
Headquarters: Bloomington
Business: Manufacturing software platform and services
Employees at end of 2018: 30; Now: 85
