Granite Telecommunications, a supplier of voice, data and other services to large multi-site businesses, has surpassed the $1 billion annual revenue mark a number of months ahead of its own forecast.
The company has come a long way since CEO and President Rob Hale and his father founded the company using rented office space above a Quincy, Mass., bridal salon with less than a dozen employees in 2002.
Over the course of its 12-year history, the company has grown to over 1,200 employees and serves 13,500 business and government customers at over 240,000 locations across the United States and Canada with over 1.35 million phone lines and 115,000 data lines.
Granite has found a sizeable niche to simplify the way large businesses, including major retail chains like Lowes and Target, get their voice and data services across multiple geographies. These businesses traditionally would have had to work with multiple service providers to fulfill their service requirements.
While providing traditional POTS services is its bread and butter service offering, the company said that its growth is being driven by the expansion of its data offerings, including data and IP products. Granite offers a growing IP-based service portfolio based on the MPLS-based network that it built in 2012.
"Reaching $1 billion in annualized revenue means we are continuing to surpass the high expectations of our customer base for reliable, cost-effective communications solutions. I couldn't be prouder of the company and our valued employees," said Hale in a release.
In celebration of meeting the $1 billion mark, the service provider will award all employees a $1,000 bonus and raffle another $1 million across its employee base, with more than 100 employees taking home an additional $5,000 to $100,000. Continuing with its philanthropic ways, Granite will also donate $1 million across five charities: Dana Farber Cancer Institute, Alzheimer's Association, Autism Speaks, Boston Children's Hospital and the Animal Rescue League of Boston.
Over the past few years, Granite said it has been growing over 20 percent each year.
To accommodate its growth, the service provider recently opened an office in New York City, marking the fifth newly opened and expanded office space for the company. Besides New York City, Granite has expanded its headquarters in Quincy and opened new offices in Atlanta, Miami and Providence, R.I., in recent years.
- see the release
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