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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowRevenue growth FY 2022 to 2024: 93.44%
2024 revenue: $17.17 million
Three straight: Secured Tech is a Fast 25 company for the third consecutive year, but in previous years it had a slightly different name: Secured Tech Solutions. CEO and co-founder Nate Holmes said that, “as we continue to grow and diversify offerings, it’s more simple and more clean to have Secured Tech. It’s just simpler, quicker name recognition.” Also, the domain name securedtech.com was available. It wasn’t when the company started.
Evolving services: Secured Tech started six years ago as an iPad repair company. Working with K-12 school districts, it now does everything from selling new Chromebooks to recycling used ones. In between, the company’s services might include selling an underwritten accidental damage protection plan; doing repairs; selling cases, accessories and chargers for its devices; selling software solutions; and buying those devices at the end of their life or recycling them if they’re not working properly anymore or if they’re beyond economical repair.
Adding on: Secured Tech is adding onto its Fortville headquarters. What had been a 5,000-square-foot building will be expanded by 11,000 square feet, Holmes said. The expansion, scheduled to be finished by June 1, will allow the company to consolidate a couple of different operations into one location. Secured Tech also is implementing a new enterprise resource planning system to help streamline its core business processes.
New territory: Secured Tech has identified North Carolina, South Carolina and Virginia as its newest territories. The company calls them “focus states.” “It’s where we spend our time, talent and resources sending out our sales team,” Holmes said. “Our senior director of sales and our VP of sales have been on the road a lot trying to make connections and form relationships there.” The company’s representatives spend a lot of time consulting with school districts to help them make the most economical use of their devices, Holmes said.
More growth: Holmes said Secured Tech’s e-commerce revenue is up 200% year over year. With that occurring, the company this year plans to launch a program called Ed Tech Surplus on its website to refurbish and sell some of the units it has bought back from school districts. Ed Tech Surplus “is going to be our own, homegrown e-commerce channel, which hopefully we can drive traffic to,” Holmes said.•
Check out more of IBJ’s ranking of Indy’s fastest-growing companies.
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