|
Government intelligence needs spur SpecTal
to the head of the list of state’s fast-growth
companies
by Heather
B. Hayes
for Virginia Business
May 2006 After 9/11, government intelligence agencies suddenly
needed a lot of extra hands to fight a global war on
terror. Reston-based SpecTal was there with the right
experts at the right time and the right place.
As a result, the consulting company
has vaulted to the top of the top of the Fantastic 50,
an annual list of
Virginia’s fastest-growing companies. Its revenue
grew by more than 4,000 percent from 2001-2004, the period
covered by the competition. SpecTal’s revenue
reached $47 million last year.
SpecTal has more than 300 employees, nearly 40 percent
more than it had in 2004, and Ann Holcomb, the company’s
vice president and CFO, estimates that personnel rolls
will hit 360 by the end this year.
COMPANY
PROFILE
|
Highest
Revenue Growth
SpecTal
Location: Reston
Founded: 1999
Top Execs: Ann Holcomb, Ron Hammond and Ed Balint
|
|
The company provides defense and intelligence agencies
with expertise in human intelligence, collection management,
targeting analysis, languages, and regional, technical
and functional support, along with training and technical
development.
SpecTal’s name stands for “Specialized Talent.” Holcomb
says that is an indication of the experience and drive
of its employees. “People here work every day like
it’s their own company,” she says. “We’re
like a dot com with profit. That’s the kind of
energy you see around here.”
SpecTal’s history is essentially a tale of two
companies. Started in 1999 by John and Louise Cross,
it functioned as a very small business providing consulting
services to the intelligence community until the couple
decided to slow down. In 2002, they hired three Electronic
Data Systems employees — Holcomb, Ron Hammond and
Ed Balint — to come in and take the company to
the next level.
“The three of us were actually
looking to start our own business and this was really
a better deal for us, because
the Crosses already had a platform, six employees,
a payroll and a contract,” Holcomb says, noting
that the Crosses continue to sit on the board of directors.
The company’s new leaders all had substantial experience
working for the Department of Defense and intelligence
agencies. They identified their existing strengths and
knew which people they needed to hire to bolster their
services. “We’d all been working long enough
in this industry to be able to know, contact and hire
the best possible people,” Holcomb says.
SpecTal’s leadership changeover
occurred at a critical time for its government clients.
After 9/11,
intelligence
and federal law enforcement agencies needed to rapidly
gear up to fight a global war on terrorism. Officials
filled their gaps in expertise by turning to companies
with the right blend of skills and resources. SpecTal
fit the bill perfectly and quickly became a preferred
vendor.
Holcomb says one factor that helps
keep SpecTal competitive is its commitment to employees.
SpecTal gives employees
opportunities to contribute to its growth and to develop
their potential as future company leaders. For instance,
employees that provide successful leads on new business
for the company receive a percentage of the first six
months of profit. The company also promotes from within
based on work ethic, commitment to mission and ability
to work as a team member. Holcomb notes that the company’s
corps of management directors, many of them in their
30s, was selected from employee ranks. SpecTal also
strives to match employee skills and interests to the
right position.
As a result, employee retention levels are currently
at 98 percent.
"A satisfied employee base tends to
self-propagate, and that is the best form of advertisement
we could
have,” says
Holcomb.
Since the intelligence community continues
to need the expertise and security clearances that SpecTal
employees
offer, Holcomb and her partners expect its growth to
continue unabated for some time. Their goals include
establishing a firm foothold in the federal sector
while further developing the company’s skills
mix so they can expand its client base in state and
local agencies
and first responder circles.
“Our goal is really to become
known as the ‘go-to’ company
for the type of specialized talent that we possess,” says
Holcomb.
|