Staffing Industry
Report
9/16/2005 - Staffing Industry's Hottest Private Firms
Pinnacle Technical Resources is named the nation's third fastest growing private staffing firm by Staffing Industry Analyst
Nina Vaca is a woman with many accolades. And she is only 34. The CEO and founder of Dallas based Pinnacle Technical Resources Inc. received the U.S. Hispanic Chamber of Commerce’s National Hispanic Business Woman of the Year award in both 2003 and 2004. The Women’s Business Enterprise National Council also recognized her as one of 14 outstanding U.S. woman entrepreneurs.
Vaca isn’t alone in her achievements. Her company has received more than 20 awards over the past two years, including the 2005 Entrepreneur of the Year Award in the Southwest Region from Ernst & Young LLP. “You really create your own opportunities,” said Vaca, a third-generation entrepreneur.
Founded as an IT recruiting firm, Pinnacle has evolved into a project-based IT consulting, staffing and outsourcing company. Started in a facility with two telephones, Pinnacle has grown to a 10,000 square-foot headquarters and more than 500 employees nationally. The company has offices in Cincinnati, Dallas, Denver, Los Angeles, New York, St. Louis, Tampa FL and Washington DC, and its clients include AT&T, Citigroup, IBM and Verizon. Its core areas of expertise now include system design and architecture, storage-area networks, data replication, systems monitoring and application integration. Pinnacle offers contract and temporary staffing, as well as permanent placement. The company also handles administrative needs for human resources departments.
Pinnacle has been on a roll recently. From 2003 to 2004, revenue grew 204%. “The industry was coming out of a recession,” explained Vaca, “and we developed a different line of business.” She is referring to its “statement of work” line, which offers fixed prices for clearly defined deliverables. In early 2003, the company introduced its own Web-based software, Progata, which streamlines internal operations and communications between IT managers, sourcing managers, third-party staffing providers and candidates. Vaca said that implementing this proprietary software has helped her business increase profitability and growth and rolling it out to customers has added to Pinnacle’s revenue stream. “Being able to deliver for our customers,” Vaca said, is the key to her company’s success, along with a great team. “As a service organization, we are only as good as our people,” she added. With projected revenue of about $50 million in 2005, nearly double last year’s revenue, this company is one to watch.