High Performance Technologies
Company: High Performance Technologies, Inc., Reston, VA
Company Description: Founded in 1992, High Performance Technology, Inc., designs IT solutions that help our federal customers protect America’s safety and prosperity. Our experts use applied science, performance-based architecture, and systems engineering to help our customers achieve the results they need. Headquartered in Reston, Virginia, HPTi has over 240 employees in sites across the country.
Nomination Category: Company Categories
Nomination Sub Category: Best Overall Company of the Year
Nomination Title: High Performance Technologies, Inc.
1. Tell the story about what this nominated company achieved since January 1 2008 (up to 500 words). Focus on specific accomplishments, and relate these accomplishments to past performance or industry norms. Be sure to mention obstacles overcome, innovations or discoveries made, and outcomes:
High Performance Technologies, Inc. (HPTi) achieved commendable success in 2008.
The Virginia-based technology services company won several important new
contracts and was honored with multiple awards, including the National Capital
Business Ethics Award—a particularly satisfying accomplishment in a year when
the business world contended with the far-reaching consequences of unethical
behavior among corporations. HPTi also achieved its highest ever client
satisfaction score—a rating of 94%.
In addition to the Ethics Award, for the second year in a row, HPTi was the only
company in Virginia to earn a Plaque for Progress in Performance Excellence from
the U.S. Senate Productivity and Quality Award for Virginia. Based on the
Malcolm Baldrige National Quality Award, this award recognizes companies for
developing and executing outstanding business processes. HPTi also achieved CMMI
Level 3 certification – a prestigious software development accreditation.
HPTi’s quality performance was directly responsible for increases in the
company’s net worth, book value, revenues, and profit. In 2008, revenues grew to
$73.6 million, a 23% increase over 2007 (the industry average was only 14%).
Profit increased by 14% in 2008 despite increased spending on business
development and bidding activity. At year’s end, HPTi’s contract backlog was
$291 million, almost 4 times 2008 revenue, which compares very favorably with
the industry average of 2.3 times 2008 revenue and provides the firm with the
stable revenue needed to finance future growth. In response, the Private Company
Index used HPTi in its top-growth index in 2008. The company also moved up the
list in its second year on the Inc. 5000 list of fastest growing privately held
The industry accolades did not stop with HPTi’s financial success. The firm was
a recipient of the 16th Annual CARE (Companies As Responsive Employers) Awards,
which recognize outstanding companies that provide family-friendly workplace
policies and benefits. HPTi was also named one of DC’s Best Workplaces for
Commuters, an honor HPTi has received every year since the award’s inception.
Additionally, HPTi was a finalist for the GovCon Government Contractor of the
Year (mid-sized firm), a finalist for Best Overall Company at the American
Business Awards, and a Top Technology Employer as determined by the Washington
HPTi is also dedicated to community investment. The firm sponsored problem
solving competitions at Penn State and James Madison Universities. HPTi’s
President Tim Keenan serves on the boards of advisors at The Ohio State, James
Madison, and George Mason Universities. For its dedication to developing and
hiring young talent, HPTi was named a Top Entry-Level Employer for 2008 by
CollegeGrad.com. The year also saw the company’s charitable donations increase
by 13% over 2007. Community service involvement and participation grew to
include several more events, such as Relay for Life, the March of Dimes, and
Lee’s National Denim Day.
Armed with quality employee programs, a heart for the community, and savvy
business practices, HPTi was able to expand its mission of serving the federal
government and consequently creating solutions for America’s safety and
2. List hyperlinks to any online news stories, press releases, or other documents that support the claims made in the section above. IMPORTANT: Begin each link with http://, and enclose each link in square brackets; for example, [http://www.youraddress.com]:
National Capital Business Ethics Award
CARE Award http://www.careawards.net/finalists.htm
Top Entry-Level Employer http://www.collegegrad.com/topemployers/hpti.shtml
Stevie Finalist /aba/company-categories
The Ohio State University Alumni Achievement Award
3. Provide a brief (up to 100 words) biography about the leader of this nominated company:
As one of the firm’s co-founders, Timothy Keenan is president and CEO of HPTi.
As part of his leadership philosophy, Tim always keeps an open door. His
bi-weekly e-mails to the firm foster open communication, and he is constantly
investing his time and energy into the firm’s culture. Outside of HPTi, he
volunteers on university advisory boards, and he coaches youth sports. Tim was
awarded the Stevie for Best Executive in 2007. That year, he was also honored
with the highest individual award in government contracting: the GovCon Award
for Best Executive.