Strategic Staffing Solutions Tops $200 Million in Sales in its 20th Year

1412

DETROIT, Feb. 1, 2011 – Strategic Staffing Solutions (S3), the Detroit-based global information technology and business services company, reported today earnings of $205 million in 2010, continuing its track record of growing every year since its founding in 1990.
 
“The S3 team has been celebrating 20 years of service for the since October 1, and this record sales accomplishment is the icing on the cake,” said Cynthia J. Pasky, S3 president and CEO.  “For the first time ever, we actually exceeded the internal sales goal we set for the company at the beginning of the year, topping $200 million.  S3 has achieved an average 23 percent annual growth for the past 20 years. I couldn’t be more proud of our team and more thankful to our customers and communities.”
 
S3 marked another company record, contributing $860,000 to charities globally in 2010. “Our gift to ourselves and the community for our 20th anniversary was to give more than ever before to charities,” Pasky said.  “As part of our charitable mission, S3 made sure we touched every community we serve in our more than 20 locations globally, not only financially, but with a donation of time and non-monetary resources.”
 
Pasky said several key factors contributed to S3’s continued success in 2010, including the fact that S3 was able to expand its customer base in financial services, the largest segment of its work.  Much of this increase in revenue was in its European operations, in Lithuania and the Gibbs-S3 Partnership in London, which collectively grew by $14 million.
 
The company also doubled its sales in the health care and insurance industry, which was largely the result of the creation of the Detroit Development Center (DDC), an application development Center that opened in Downtown Detroit in April.  The DDC’s first anchor customer is Blue Cross Blue Shield of Michigan (BCBSM) that made the strategic decision to insource jobs to the Center instead of outsourcing offshore. Since then, S3 has been able to sell the DDC’s services nationally, resulting in the Center growing from 53 employees when it opened in April to more than 200 by the end of 2010.
 
“The DDC, which will continue to grow in 2011, is a perfect example of how S3 can grow through offering innovative solutions for our customers,” said Pasky. “Our basic approach to business is that S3 sees opportunity where other companies see barriers.  The DDC was an unheard-of concept one year ago, and now companies nationally are insourcing IT work to Detroit, instead of outsourcing offshore.
 
“One of the most rewarding aspects of the DDC is that many of our employees had been laid off and faced the prospect of being forced to leave Michigan to find work. It represents the kind of innovation we need to see more of as we work to rebuild the Michigan economy.”
 
S3, which celebrated its 20th anniversary Oct. 1, received several prominent accolades last year including recognition as a Top Business by Diversitybusiness.com, a 101 Best and Brightest Companies to Work For and a Michigan Economic Bright Spot by Corp! Magazine, and a Top Workplace by the Detroit Free Press.  The company was also ranked 31 in the nation’s Top 50 Fastest Growing Women-led Companies by Women Entrepreneur magazine, 19th in the Top 500 U.S. Women Owned Business by Diversitybusiness.com, and the 7th Largest Diversity Staffing Firm in the US by Staffing Industry Report.  

Facebook Comments