Kris Collo Named to Exclusive List of Young Business Leaders by Washington Business Journal
Herndon, Virginia – MicroPact, Inc., the global leader in Data-First™ Case Management and Business Process Management (BPM) software, announced today that Kris Collo, CEO, President and Founder of MicroPact, has been named one of Washington Business Journal’s 40 Under 40 Honorees. The awards recognize Washington, D.C.’s top business leaders who are under the age of 40 and have displayed business excellence while maintaining a commitment to the community.
Collo launched MicroPact using two personal credit cards and $15,000 of his own money when he was just 21 years old. Since then, the entrepreneur and business leader has created hundreds of jobs at a growing business that contributes millions of dollars to the regional economy each year.
“While I’m grateful for the recognition from the Washington Business Journal, the real credit for MicroPact’s success goes to our dedicated team members who give their all each and every day to make sure the needs of our customers are met or exceeded,” said Collo. “I could not have built MicroPact without the support from my friends and family, and the strong personal and professional relationships I’ve established over the years in this community.”
MicroPact currently employs more than 200 professionals at its headquarters in Herndon as well as a satellite office in Denver. The company, which posted a 49% increase in sales last year, continues to expand its reach into federal, state and local government as well as commercial and international markets. While many companies that count federal agencies among their customers suffered in 2013 because of Sequestration and a partial federal government shutdown, MicroPact maintained its upward trajectory by growing revenue for the 17th consecutive year.
Collo has established MicroPact as a leading technology company that now consistently competes and beats-out large federal contractors and software vendors for federal work, including IBM, Microsoft, and Oracle. MicroPact is one of only a handful of companies whose products meet the federal government’s stringent FedRAMPSM security requirements – which saves the government the cost, time, and staff associated with conducting redundant agency security assessments.
Outside of the office, Collo serves on the Board of Directors of New Futures, a Maryland-based nonprofit organization that provides scholarships, career education services and mentoring to low-income young people pursuing Career and Technical Education (CTE) throughout the Washington, D.C., region. New Futures awards these scholarships to students who apply for shorter-term post-secondary educations, such as associate’s degrees or vocational certificates.
“Kris has been a wonderful addition to New Futures,” said New Futures Executive Director Greg Cork. “Kris has a formidable business acumen and a deep commitment to social justice. We are extremely lucky to have someone as talented and passionate as Kris helping us to fulfill our mission of creating educational opportunities for rewarding careers.”
For nearly two decades, MicroPact has focused on engineering web-based, commercial off the shelf (COTS) solutions for US Government agencies and Fortune 500 corporations. Today MicroPact solutions serve 97% of federal agencies with 500 or more employees, and enjoy a 97% annual renewal rate.
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