Gazette.Net: The focus at Vocus is growth
After so far doubling its sales this year, a Beltsville social marketing and software company looks to grow its workforce by more than 450 by years end.
Vocus plans to hire people in all areas, focusing on its sales and marketing and recruiting sectors, said CFO Steve Vintz. He said recruiting has taken on a larger strategic role at the company.
As more businesses turn to social marketing, their demand increases for software that can help them navigate web channels, like the ones Vocus offers, he said.
With a strong product in hand and a big marketing opportunity, were expanding our sales force, Vintz said. Our assets walk in and out of our door every day.
Vocus has been working with the countys Economic Development Corp. on both a career fair it held Thursday and the expansion, said Gwen McCall, president and CEO of the corporation. The corporation helped Vocus find its Beltsville location.
The county is extremely excited about Vocus, McCall said. Many of these are high-level positions with high salaries. Were excited about what this means for residents in Prince Georges as far as new jobs. Its definitely a win.
The company racked up a net loss of $16 million in the first half of the year, versus $2.6 million in the prior-year period, but revenues rose to $78.5 million from $55.5 million.
The company ranked 489th on Deloittes list of the nation's fastest-growing technology companies in 2011, along with 17 other Maryland businesses. Vocus saw 140 percent sales growth during the last five years. The company employs more than 1,200 people.
Part of Vocus growth this year comes from the 150 jobs connected with its acquisition in late February of iContact, a Raleigh, N.C., provider of email and social marketing software.
Vocus started its push for 450 new employees in the first quarter, Vintz said, adding that the company is well on its way of meeting its goal this year.
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Gazette.Net: The focus at Vocus is growth