Summary
21st Century Software Inc
Founded in 1992
Description
21st Century Software, Inc. is a privately held corporation whose purpose is to develop and market enterprise disaster recovery solutions. The organization completed the restructuring of its core businesses in January of 1998 and announced the formation of the Disaster Recovery Group based in Wayne, PA. 21st Century Software's stated vision for the future is to further provide effective products and support to their Fortune 500 clients and position the organization for rapid growth. With over 30 sales, marketing, administrative and technical/development personnel, 21st Century Software, Inc. has positioned itself to be the market leader in both disaster recovery solutions and innovative enterprise solutions. DR/VFI was created in 1988 and grew from the needs of organizations to identify and recover critical data. In 1995, 21st Century Software began marketing DR/VFI as part of a suite of storage management and disaster recovery tools. With the latest reorganization, 21st Century Software has further strengthened its market position by acquiring the VFI product while maintaining all the technical and development personnel. The current organizational structure joins all business entities under a common banner branching out into new platforms and business opportunities. 21st Century Software's development staff includes senior developers with practical experience in development of business applications and operating system utilities on multiple platforms. The development team personnel have been creating and implementing disaster recovery solutions for over 30 years. 21st Century Software sales and marketing is driven by the directive that "customers do come first". Service and customer satisfaction is the primary responsibility of each of the individual representatives. The move to the high-tech Route 202 corridor of Southeastern PA has been made by the original sales management staff thus maintaining the same high standard of responsibility to the customer.
Strengths
- 21st Century Software Inc has a strong market share in their industry
- Demonstrating revenue growth that is faster than the industry average
- The number of employees is growing faster than the industry average
- Employees are staying with the company and less likely to churn compared to the rest of the industry
Weaknesses
- Revenue generated per employee is less than the industry average
- Variance of revenue growth is more than the industry average
- Since 21st Century Software Inc was founded, the company has experienced slower revenue growth than the industry average
Annual Revenue
21st Century Software Inc's annual revenue
$17508000
Based on Kona Equity data
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Revenue per employee
$729500
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Variance of revenue growth
1.51
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Annual revenue growth since founding
$547125
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Revenue growth rate from first known quarter to current
271.3%
Employee Count
24 employees
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Employee growth rate from first known quarter to current
280.0%
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Current employees on Linkedin
78
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Churned employees
42
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Churn rate percentage
53.85%
Executives
G Score - 4
The G Score is an eight-point scale where firms are given a score of 1 for each of the criteria that they pass. The G score compares a company against the industry median to find those that are healthy and growing.
- G1 Revenue is greater than the industry median.
- G3 Revenue growth rate from the first known quarter to current is higher than the industry average.
- G4 Employee growth rate from the first known quarter to current is higher than the industry average.
- G8 LinkedIn Churn is lower than the industry average.
Location
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Key Information
- Name: 21st Century Software Inc
- Category: Computer software
- Industry: Software Company
- SIC: 73; 737
- NAICS: 541511; 5182
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Firmographic data G Score of 4 Founded in 1992 SIC: 73 SIC: 737 NAICS: 541511 NAICS: 5182 #Software Development & Design #Software
Frequently Asked Questions
21st Century Software Inc's headquarters are located at 940 West Valley Rd., Ste. 1604 Wayne, PA 19087.
21st Century Software Inc's official website is 21stcenturysoftware.com
21st Century Software Inc's annual revenue is $17.5 M.
21st Century Software Inc's SIC: 73; 737
21st Century Software Inc's NAICS: 541511; 5182.
21st Century Software Inc has 24 employees
21st Century Software Inc is in the industry of Computer software.