When retail rebounded in 2010, Federated Service Solutions bounced with it.
The Farmington Hills-based company helps retailers deploy technology across the U.S. After taking a hit from the recession, the 7-year-old company grew its client list, revenue, and staff last year, and expects that to continue in 2011.
“This year was a really exciting year,” says Jennifer Ferris, president of Federated Service Solutions. “It was our best profit year in our history. It was a big jump.”
jump allowed the company to raise its revenues and create
five new jobs in 2010, rounding out its staff to 55 people and the
occasional intern. The firm is currently looking to hire a variety of
employees now, including 11-15 technical staff. It expects to create 17
jobs this year as it looks to double its revenue growth.
says the driving force comes from national retailers making the leap
from the red to the black last year. She expects a spending freeze to
continue to thaw, allowing other firms like hers to grow.
Source: Jennifer Ferris, president of Federated Service Solutions
Writer: Jon Zemke