This past year was one of monumental development for Geoforce. The new directions, people and opportunities the company experienced are some we won’t soon forget.
One of the most visible changes was how quickly we are growing as a company. In 2013, our installed base of oilfield and other customers once again grew tremendously, and we added roughly 50% to our employee roster and started our second headquarter office expansion in as many years. Along with employee growth, we started our year off by expanding internationally and opening the first ever Geoforce international office in Macae, Brazil.
In early spring, our hardware engineers worked with a Pennsylvania high school’s Mythbusters class to launch a Geoforce prototype GPS tracking device into the atmosphere to see if their vessel could reach an altitude of 100,000 feet.
We also had many recognized achievements in 2013. We hit personal milestones; the Geoforce app now processes over 1,500,000 asset tag readings a day. We were named #16 on Metroplex Technology Business Council’s (MTBC) Fast Tech list, #75 on the Dallas 100, and #116 on Deloitte’s Fast 500, and our Vehicle Service Verification module won the General Industry Service Award at the Southwest Oil & Gas Awards gala in Fort Worth, Texas. Additionally, I was named a finalist for the MTBC CEO of the Year, and our CFO, Vincent Hsieh, was a finalist for the Dallas Business Journal’s CFO of the Year.
On September 3rd, we announced that Geoforce had raised a significant round of equity financing from Houston Ventures and Palmetto Partners, two of Houston’s most respected investment firms, so that we could increase Geoforce’s product development, customer operations, and geographic expansion at a more rapid rate.
Late in the year, we began to offer field installation and other services to augment our hardware and software offerings and deliver our customers an even better and more complete “end-to-end” customer experience. Our software product continued to evolve, as, among other things, we added Driver Invoice Verification and Missed Rental Days to our software offerings. Last but definitely not least, in Q4 2013, we launched the latest version of the GT1 Satellite GPS tracking device that received IECEx/ATEX Zone 0 certification – making it the world’s first satellite tracking device with that rating.
Our year had so many memorable moments, and as we look to 2014 our company can’t help but get excited for what’s to come.