Envisage Information Systems

Envisage named one of Central New York’s Top Ten Places to Work

James McDonough — Mon, 03 Jun 2013 17:52:25 +0000

Ithaca, NY

Two Ithaca-based companies received an award for being a best company to work for at the Central New York Business Journal’s “Best Places to Work” awards ceremony on Tuesday, May 14th.

HOLT Architects, a local architecture firm since 1963 was named as a Best Place to Work in the under 50 employee category – citing their focus on quality of life, professional development, volunteerism, innovation, and design excellence as factors in determining their rank.

Envisage Information Systems, a rapidly growing Ithaca based independent software development company since 1995, was celebrated for their family–oriented culture, bottom-up management style, and ultra-flexible work environment. Envisage was named a ‘Best Places to Work’ in the over 50 employee category.

More than 1,100 employees participated in the surveys conducted by Research and Marketing Strategies Incorporated which determined the top ranked companies. The non-profit, for-profit, and private companies came from 16 Central New York counties and each was scored on components including employee satisfaction and company initiatives.

CNY’s Best Places to Work is a BizEventz/CNY Business Journal event with AmeriCU Credit Union as the 2013 presenting sponsor.

Read the original article from the lansing star: http://www.lansingstar.com/business-a-technology/9625-ithaca-companies-named-best-places-to-work#ixzz2VB1leHwp

Envisage Brings In a Schwab Vet

Matt — Mon, 12 Nov 2012 21:23:50 +0000

An Ithaca, New York-based technology company has a new senior leader roaming its halls.

Envisage Systems, LLC has brought in Daren Free to serve as chief operating officer, according to a company news release. Free will work with Steff McGonagle and Robb Jetty, the co-founders of Envisage.

“I was really excited about the fact that its a unique company that is ethics based,” Free told the 401kWire in a phone interview.
Free said he expects that in the next few years, Envisage will “take a lot of our knowledge and continue to build out the product side of our business.”

Prior to joining Envisage, Free worked as the chief operating officer at Schwab Retirement Technologies and vice president for Schwab’s retirement business for 11 years. He’s also worked at American Management Systems, and served in the United States Marine Corps.
This continues a trend of personnel expansion for the firm, as reported by the 401kWire here.

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Envisage Information Systems Expands Leadership Team

Matt — Mon, 05 Nov 2012 16:09:14 +0000

Ithaca, NY (November 5, 2012) – Envisage Information Systems, LLC is proud to announce and welcome Daren Free to the senior leadership team.

Mr. Free brings over 21 years of experience in information technology and financial services industries. He comes to us from Charles Schwab where he served as the Chief Operating Officer for Schwab Retirement Technologies and Vice President with Retirement Business Services for 11 years. Prior to joining Charles Schwab, he was a Senior Principal at American Management Systems and served as a Captain in the United States Marine Corps.

Steff McGonagle and Robb Jetty, the co-founders of Envisage Information Systems, are pleased to have Daren join the leadership team. Mr. Free will transition into the Chief Operations Officer position as Mr. Jetty continues his focus on strategic initiatives.

“Envisage has an incredible value proposition, reducing clients’ time to market with differentiating technology. The component-based software methodology coupled with deep industry knowledge enables Envisage to support some of the largest 403(b) providers and Third Party Administrators with customized client facing and back-office solutions. Envisage has an outstanding opportunity to continue its record setting and profitable growth.” said Mr. Free.

Steff McGonagle further commented: “We are excited to have Daren join our team with his unique blend of technical knowledge, business expertise and executive leadership. He will play a key role in supporting our team’s continued growth.”

About Envisage Information Systems
Envisage Information Systems, LLC is the largest independent software development company focused exclusively on providing web interface, data connection, common remitter and workflow automation products to America’s retirement industry. The company’s software products are deployed as on-demand or on-premise solutions. Since 1995, Envisage has been at the forefront of web technology, developing automation solutions for data driven applications in the retirement plan services market. The company has grown to over 18 million dollars in sales, with multiple offices and a team of over 165 retirement industry experts. The Corporate Headquarters is located at 31 Dutch Mill Road in Ithaca, NY. Envisage has made the INC. 500/5000 two years in a row, with their 2012 entry placing the company at number 382 nationwide and number 2 in New York State.

Contact: John Miller, Executive Vice President

Phone: 607.275.5710

Email: John.Miller@EnvisageSystems.com

Visit us online at www.envisagesystems.com

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Envisage Grows Rapidly

Matt — Tue, 11 Sep 2012 16:32:18 +0000

ITHACA — A local software development company has added more than 100 employees in the past three years, and by the end of 2012 expects to reach more than $15 million in revenue.

Around 2009, Envisage Information Systems, which provides recordkeeping systems and other software products for the retirement industry, had about 30 employees and generated $5 million in revenue. But some new federal regulations that emerged that year started the firm on a path to rapid growth, President and CEO Steff McGonagle says.

The rules applied to 403(b) retirement plans. They’re similar to 401(k) plans, but used by colleges, hospitals, and other nonprofits. The new regulations mandated new levels of accountability and required a consolidated overall picture of what was happening in the plans.

“They didn’t have all the software pieces needed to have this complete pictorial of everything in their plans,” McGonagle says. Envisage built a software product, known as Common Remitter, to help the industry meet the new rules, McGonagle says. The company worked with a client in Kansas to design the product.

The client went live and ran the system for about a year before a national player in the space found out about it and signed on. The product allowed Envisage to grow its revenue and helped the staff swell to its current total of 150. That’s up from 120 less than a year ago.

Envisage’s clients are the recordkeeping firms that serve plan sponsors and there are plenty more to capture, McGonagle says. “We’ve just barely hit the tip of the iceberg,” he says. “We are definitely poised to double in size again over the next two years.” Envisage Information Systems has added staff in administration, business analysis, software development, and quality control. Hiring will continue in those areas, McGonagle says.

The company in May moved into a new 15,000-square-foot building at 31 Dutch Mill Road in Ithaca. Envisage acquired the building and renovated the interior to consolidate staff from multiple locations in Cayuga and Tompkins counties.

The firm plans to complete exterior renovations to the new building this year as well. However, Envisage is already out of space at the new site and plans are in the works to open branch offices in Binghamton, Rochester, and Syracuse. A Binghamton office will open in August and locations in Syracuse and Rochester will follow this fall.

The branches will also help Envisage expand its recruiting footprint, McGonagle says. The offices will house a mix of employees and start with 20 to 30 people each, he adds.

Market demand is not the problem for Envisage, McGonagle notes. How fast the company grows will depend on how fast it can scale up staff and infrastructure to keep pace.

Last year, Inc. magazine ranked Envisage 808 on its fifth annual Inc. 5000 list of the nation’s fastest growing private companies. The firm ranked 76 within the information-technology services industry.

McGonagle founded Envisage in 1990 with Robb Jetty, the company’s vice president for finance and administration. The company has been focusing on the retirement industry since 1998 and has clients nationwide.

Jetty and McGonagle own the firm with several angel investors.

This article was written by Kevin Tampone of The Central New York Business Journal

Envisage Ranks #382 on Inc. 500

Matt — Sat, 18 Aug 2012 16:41:27 +0000

Congrats Team! Envisage has moved from the 808th spot on the Inc 500/5000 to the 382nd this year! Way to go!

Check it out here: http://www.inc.com/inc5000/profile/envisage-information-systems

401(k)Wire Highlights Growth at Envisage

Matt — Mon, 12 Dec 2011 16:36:02 +0000

GENOA, NY December 1, 2011 - 401(k)Wire showcases the recent growth in the team here at Envisage in an article released last week titled “An Industry Software Specialist Expands its Management Team”. It highlights the overall growth of the company, as well as the expansion of the management team.

The article also shows that growth is expected to continue in the future. Each member of the management team that was interviewed supported that we will continue to expand parts of our team in order to accommodate our growth.

President and CEO, Steff McGonagle noted that some of the recent growth is due to the completion of the Remote Data Connectors, enabling Envisage’s websites to connect to SunGard’s Omni Plus recordkeeping platform.

To read the full article, click on the link below:

http://www.401kwire.com/article.asp?storyID=38406&wireID=1&r=envisage&template=article&bhcp=1

(subscription required)

Envisage Selected For Inc. 500/5000 List

Matt — Tue, 13 Sep 2011 16:39:03 +0000

Envisage Information Systems Ranks No. 808 on the 2011 Inc. 500/5000 with Three-Year Sales Growth of 387%

GENOA NY, September 13, 2011 – Inc. magazine ranked Envisage Information Systems NO. 808 on its fifth annual Inc. 500|5000 list; an exclusive ranking of the nation’s fastest-growing private companies. Envisage also ranked an impressive NO. 76 within the IT Services industry. The list represents the most comprehensive look at the most important segment of the economy—America’s independent entrepreneurs. Envisage joins Spirit Airlines, television maker Vizio, Honest Tea, Dunkin Donuts and Metrokane, makers of the Rabbit corkscrew, among other prominent brands featured on this year’s list.

“We work with retirement plan services providers by leveraging technology to automate service delivery and back office workflow. This award from Inc. is a credit to the value which is created by the unique way the Envisage and Client team members join forces to produce the right results for our clients, and in turn their clients.” “It is refreshing to see the retirement industry recognizing value from the 16 years of continuous product development this team has focused on within our niche of a very dynamic and competitive industry” said Steff McGonagle, Principal.

Envisage Information Systems, which McGonagle founded in 1990 with COO Robb Jetty, has averaged an annual revenue growth rate of 387 percent over the past three years. The company uses a unique delivery model which captures the best of the highly customized “Custom” solutions needed by sophisticated record keepers with the lifetime cost and time to market savings generated from a traditional mature “product” delivery model. The licensable building blocks include rich web portals for retirement plan service providers that seamlessly integrate to back-office systems like SunGard’s OMNI PLUS and Schwab’s SRT record keeping systems, as well as Common Remitter solutions, Document Management and workflow automation systems, along with web based data scrubbing and transformation toolsets.

In a stagnant economic environment, median growth rate of 2011 Inc. 500|5000 companies remains an impressive 94 percent. The companies on this year’s list report having created 350,000 jobs in the past three years, and aggregate revenue among the honorees reached $366 billion, up 14 percent from last year.

“Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. magazine Editor Jane Berentson.

Methodology

The 2011 Inc. 500/5000 is ranked according to percentage revenue growth when comparing 2007 to 2010. To qualify, companies must have been founded and generating revenue by March 31, 2007. Additionally, they had to be U.S.-based, privately held, for profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2010. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2007 is $100,000; the minimum for 2010 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Companies on the Inc. 500 are featured in Inc.’s September issue. They represent the top tier of the Inc. 5000, which can be found at www.inc.com/500.

About Envisage Information Systems

Envisage Information Systems is the largest independent software development company exclusively providing web interface, data connection, common remitter and workflow automation products to America’s retirement industry. Since 1995, Envisage has been at the forefront of web technology, developing automation solutions for data-driven applications in the retirement plan services space.

About Inc. Magazine

Founded in 1979 and acquired in 2005 by Mansueto Ventures LLC, Inc. (www.inc.com) is the only major business magazine dedicated exclusively to owners and managers of growing private companies that delivers real solutions for today’s innovative company builders. With a total paid circulation of 710,106, Inc. provides hands-on tools and market-tested strategies for managing people, finances, sales, marketing, and technology. Visit us online at www.inc.com.

CONTACT:

Dave Young

813-264-6046

dyoung@envisagesystems.com

www.envisagesystems.com

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Envisage Inc5000 press release final

Envisage Is Growing

Matt — Thu, 04 Aug 2011 22:27:58 +0000

Envisage added 20 new team members to its ranks in the past few weeks bringing total headcount up to 120. A number of new client initiatives underway have driven recent growth as demand for process automation and additional service delivery through web portals increases. This latest expansion adds 6 seasoned industry business analysts as well as experienced software developers, quality assurance testers and project managers.

Envisage Opens Ithaca Office

Matt — Sat, 20 Nov 2010 23:27:47 +0000

In response to new business growth, Envisage opened its second office location today, convenient to the Ithaca airport and in closer proximity to the city of Ithaca. The new facility offers an open floor plan conducive to immediate collaboration and is surrounded by team rooms, conference rooms and a large break room. Known as the Dutch Mill Road office, this new facility will accommodate project teams of up to 50 people.

System Integration

Matt — Mon, 13 Sep 2010 16:09:20 +0000

“The work Envisage has done in the first steps of automating our back office remittance processing has resulted in a 30% reduction in the time it takes for us to process a payroll. This has resulted in a savings of over 2,600 man-hours per month. Envisage is able to create specialized components which allow the new automated processing to tie into our existing systems and support our unique business processes.”

- Mark Benavidez, Systems Consultant with CPI Qualified Plan Consultants, Inc.