Inc. awarded Total Resource Management, Inc. (TRM) inclusion on its first-ever Inc. 5,000 list of the fastest-growing private companies in the country.
Total Resource Management is a leading provider of technology and consulting services, focused on enterprise asset management (EAM) for asset-intensive industries. This singular focus for TRM has enabled consistent growth since TRM’s founding in 1993.
In recent years, TRM has faced more competition than ever from major technology integrators and consulting firms, as EAM technology has become ubiquitous. With this increased competition, Garner Bennett, president of TRM, comments, “We can attribute our success to the quality of our staff and the value we provide our customers. Over the years, we can trace our standing to the ongoing support that we bring to existing clients and our growing reputation of delivering true value to the practice of managing assets and the underlying technology that manages assets.”
TRM has also made sure that it partners with best-of-breed providers in the industry — IBM, HP, Lawson, and Symantec, among others — and is always striving to increase its market share in EAM implementations and provide the best possible solution to clients. Bennett added “This achievement from Inc. honors all of our employees and business partners and is the direct result of their dedicated contribution to TRM and to going the extra mile for our clients.”
Lisa Shephard, Maximo Administrator for the Bureau of Engraving and Printing (BEP), commented on TRM’s services. “Over the past year and half, TRM has been supporting BEP’s Maximo implementation from development and deployment to project management. They have been professional, skilled and knowledgeable — meeting all deliverables with an excellent success rate. I would highly recommend TRM for an IT implementation or business process re-engineering.”
One of the trends noted by Inc. editors is that new laws and regulations have turned into new business opportunities. Physical assets and the lifecycle management of these assets represent the largest expense for asset-intensive organizations. Both clients and TRM recognize that factors like:
- Compliance with Sarbanes-Oxley and GASB 34 and 35
- Aging infrastructures
- A retiring workforce
- The ever-present, do-more-with-less business imperative
Drive organizations to focus on smarter asset lifecycle management and increasingly rely on technology to manage, track and report asset management information and expenses. In addition, the market is seeing recent technological advances (RFID, enterprise application integration, etc.) which are causing IT assets to merge with physical assets in the EAM space. With this in mind, Bennett concludes, “These market facts only provide more opportunity for TRM and we continue to see large projects on the horizon and steady growth. In fact, TRM is adding to its ranks and is actively recruiting experienced EAM consultants and technologists.”
Inc. 5000 Methodology
The 2007 Inc. 5000 list measures revenue growth from 2003 through 2006. To qualify, companies had to be U.S.-based and privately held, independent – not subsidiaries or divisions of other companies – as of December 31, 2006, and have had at least $200,000 in revenue in 2003, and $2 million in 2006.
The 2007, Inc. 5,000, as revealed online at www.inc.com, reported median revenue of $9.4 million and median three-year growth of 140 percent. Complete information on this year’s Inc. 5,000, can be found at www.inc.com/inc5000. The list features a profile for each company, almost all of them written as a result of Inc. interviews with management. In addition, the list is searchable according to numerous criteria, including industry, city, state, region, and year founded.
Total Resource Management, Inc. (TRM) delivers strategic consulting and information technology solutions in an Integrated Asset Management framework. We help organizations improve the management and performance of their enterprise assets, both tangible (facilities, infrastructure, production and logistics) and intangible (technology, business processes and human capital). Over the past decade, the company has supported well over 200 clients with asset management technology expertise (EAM, CMMS), consulting, systems engineering, training and productivity software for Maximo that result in significant improvements to their business operations. Its headquarters are located in Alexandria, Virginia and supporting offices in Virginia, California, Pennsylvania, and Hawaii. More information is found at www.trmnet.com.
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