Parallel Technologies Named One of Fast 50

Parallel Technologies has been recognized by the Minneapolis/St. Paul Business Journal as one of its 2013 Fast 50 companies. The Fast 50 are the fastest growing private companies in the Twin Cities, based on revenue growth over the past three years.

Parallel Technologies President/CEO Dale Klein was asked:

Have you sought financing from new or alternate sources in the past year?

No

Number of employees at

End of 2010: 71

End of 2012: 92

What are the three most pressing needs in your industry?
  • Clarity and understanding of clients’ business objectives is paramount.
  • Sorting through the myriad technologies and the noise to develop the right solution to solve the right problem
  • Relying on the status quo rather than creativity and innovation
What is the biggest challenge your company will face in the coming year, and what is your strategy to overcome it?
  • Developing and aligning new employees to Parallel Technologies’ vision, strategy and execution model
  • Bringing together traditionally solid infrastructure technologies and respective managers to strive toward a common strategic goal
  • Translating data produced by infrastructure into meaningful and timely information to impact business results
What are your three tips for managing and motivating your people?
  • Create and communicate a clear vision the team can rally around.
  • Ensure that all team members understand how they fit into the vision.
  • Empower them to succeed, and get out of their way.
Are you profitable?

Yes

How do you handle the ups and downs, and unexpected curves of business?

It’s challenging. We’ve developed a portfolio of solutions that help balance some of the variability with technology-services firms. We maintain strong visibility in our business forecasts, allowing us to anticipate changes and have time to develop strategies.

Always expect change. Know your next two to three moves, and strive to understand the catalyst or early warning signal for change.

Parallel Technologies Inc.

Growth rate: 89.94%
2010 revenue: $12,075,151
2011 revenue: $15,954,262
2012 revenue: $22,935,201
CEO: Dale Klein
Year founded: 1983
Employees: 88
Business: Designs, implements and integrates networks and critical infrastructure

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Jamie Masur

Marketing Coordinator