Archive for May, 2010

April 25, 2010: Onepath Systems announced today that the Company is donating warehouse space to the Empty Stocking Fund.  Don Crawford, Executive Director of the Empty Stocking Fund, announced a critical need for warehouse space in an interview aired on WSB Channel 2 in Atlanta last month.  Onepath Systems quickly responded to the need and set up a meeting for Crawford and Rick Harris, Program Director, to tour the Onepath warehouse facility.  In the following days the trucks were rolling and the forklifts were unpacking toys that will be stored at Onepath until the Empty Stocking Fund organizes the distribution to Atlanta’s families in need this Christmas season.  For more information about the Empty Stocking Fund or the Onepath Foundation – click here.

April 20, 2010: Robb Borden, President of Onepath Systems, LLC announced today the formation of the Onepath Foundation.  The Onepath Foundation has been formed as a vehicle for the Company, its partners and employees to give back to the community.  Borden announced that the initial board members of the foundation has been set and meetings of the giving committee will begin in May.  It is the goal of the Onepath Foundation to impact the community today and leave a legacy into the future.  For more information about the Onepath Foundation – click here.

From Atlanta Business Chronicle

In a time of economic uncertainty, the 2010 Atlanta Business Chronicle Pacesetters have raced past the competition — displaying innovativeness and determination.

To qualify, the business had to be privately owned, based in the 20-county metro Atlanta area and not be a subsidiary of another company. It had to have been established in the first quarter of 2007 or earlier; experienced a two-year growth in sales of more than 50 percent; and garnered revenue between $1 million and $300 million in 2009.

Companies are ranked by a growth index formula, used to even the field among businesses of various sizes. The revenue and employee growth indexes are the percent change from 2007 through 2009 multiplied by the absolute change for the same years. A company’s average employee or revenue growth index is the growth index divided by the average growth index of all the companies that qualify. The weighted average growth index is a company’s average employee index score, plus its average revenue index score. Employee growth was weighted 40 percent and revenue growth was weighted 60 percent.  Subscribers can read more – click here.

Onepath Systems provides systems integration services, including professional data services and hardware, audiovisual, fire alarm, security and cabling systems. Founded in 2006 by several former partners of Suntech Systems Inc., an Atlanta-based systems integrator, Onepath experienced revenue growth of approximately 191 percent in 2009.

Onepath’s biggest obstacle through growth has been the lack of adequate capital to fuel future growth. Amid the difficult economy, Chief Financial Officer Jeff Spranger said disciplined cash management and sound accounting principles help the company maintain a strong balance sheet with low levels of debt. “We certainly see our growth continuing at mid-to-high double-digit rates,” said Bob Catanach, vice president of operations.