Today, inspiring news came out of Rochester, New York – the home of Precision OT, a leading provider of optical transceivers and related active/passive components. The company has landed the No. 2 spot on the 32nd annual Rochester Chamber Top 100 list of the fastest-growing privately owned businesses in the Rochester and Finger Lakes region.
For those of you who have been keeping up to date on our blog with Precision OT’s latest news, you will likely know the company as a key player in building the telecommunications networks that support the internet. Specializing in optical transceivers, silicon photonics, signal processing, RF and software-defined networking, the company boasts an impressive 600% jump in revenue over the past three years.
It is this growth rate that helped land the company among the top three of more than 200 applicants. After all, the Rochester Chamber Top 100 is a Greater Rochester Chamber of Commerce and KPMG LLP program that ranks businesses based upon both dollar and percentage growth. Candidates must have earned at least $1 million in revenue each year for the three most recent fiscal years to be eligible. With 50 employees headquartered in Eastman Business Park, Precision OT expects to see steady growth in demand for its equipment from telecommunications, healthcare, education, enterprise and government customers.
“Thanks to Precision OT’s incredible team, we have built one of the world’s fastest growing optical equipment suppliers. We’re honored to be recognized as No. 2 on the 2018 Rochester Chamber Top 100, and we’re proud to continue supporting the Rochester community by employing local talent, partnering with local organizations and boosting the local economy. We want to give back to our hometown, which has been integral to our success.” – Todd Davis, CEO of Precision OT
“This year’s Rochester Chamber Top 100 list shows the fabulous success and amazing diversity that exists in the Rochester and Finger Lakes region’s economic engine. Service companies appeared most on the list, followed by construction, technology, manufacturing, and financial. The one hundred companies combined for more than $12.1 billion in total revenue and employed nearly 23,000 people in the Rochester area. Rochester Chamber congratulates the Top 100 businesses and wishes them continued success and growth.” – Bob Duffy, President and CEO of the Greater Rochester Chamber of Commerce