DETROIT -- Strategic Staffing Solutions (S3), the Detroit-based global information technology and business services company, Tuesday reported 2011 revenue of $220 million.
The company has now posted 21 consecutive years of annual revenue growth and profitability since its founding in 1990.
"Many companies have their ups and downs financially, but for S3, ever year is a break out year," said Cynthia J. Pasky, S3 president and CEO. "In 2011, we created opportunities for our customers, our team members and our community. We also positioned S3 with new Fortune 500 customers and new solutions that are already posting high sales value. We are well poised for continued success in 2012. "
In 2011, S3 saw a sharp increase in business with customers in the financial industry, which resulted in top revenues for its Charlotte and London branches. Additionally, the Detroit Development Center, which opened in 2010, posted growing sales through expanding its customer base nationally. This garnered a 149 percent increase in business for the DDC. S3 also expanded its global footprint last year with the opening of three branches locations, in Denver, Colo., Hartford, Conn., and Cheshire, England.
"The S3 team is able to expand globally, and offer solutions such as the DDC, because our customers place high value on and trust in our relationships," said Pasky. "This is essential to our business, especially when working with large, global customers through economic challenges. Our customers know that their bottom line becomes S3's bottom line and that we work every day to earn their business."
In 2012, S3 also marked its 21st year of increased charitable giving. The company donated more than one million dollars to organizations globally. S3's two annual fundraisers in Detroit, the Grand Prix Shakedown and the Detroit Charity Golf Outing, raised $44,211 for 2-1-1 On the Go, a Detroit homeless outreach program. Additionally, each of the company's 24 branches coordinated fundraisers, donated resources and volunteered hours to their local charities.
S3 was ranked No. 31 in the nation's Top 50 Fastest Growing Women-led Companies by Women Entrepreneur magazine, 21st in the Top 500 U.S. Women Owned Business by Diversitybusiness.com, and among the Largest Diversity Staffing Firms in the U.S. by Staffing Industry Report.
S3 provides consulting and staff augmentation services, vendor management programs, customized project solutions, a Detroit-based IT development center, call center technology and executive search services. S3 provides these services to Fortune 500 customers in financial, energy, telecommunications, retail and health care industries.
Besides Detroit, the company has locations in Atlanta, Ga.; Los Angeles and San Francisco, Calif.; Charlotte, N.C.; Denver, Colo.; Fort Lauderdale, Fla.; Boston, Mass.; Hartford, Conn.; New Orleans, La.; New York City; Philadelphia, Pa.; Richmond, Va.; Phoenix, Ariz.; St. Louis, Mo., and Dallas, Houston, San Antonio and Austin, Texas. Overseas, S3 has locations in Vilnius, Lithuania and London and Cheshire, England.
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