Burgos Group Soars on the 2018 New Mexico Technology Flying 40
ALBUQUERQUE, NM, June 11, 2018 – Burgos Group continues to soar towards new heights as one of the 2018 New Mexico Technology Flying 40. This annual listing, founded and organized by Technology Ventures Corp., recognizes the fastest-growing technology companies in the state. This is Burgos Group’s fifth year as one of New Mexico’s Flying 40, with another consecutive year taking the No. 2 position for revenue growth.
Burgos Group’s revenue has seen a 307 percent increase over five years, from $5.5 million in 2013 to $22.6 million in 2017.
“We expect to reach about $28 million this year,” said President and CEO Mario Burgos. “We have contracts in nine states now, and we expect to be in at least 12 states within the next 18 months. The Flying 40 shows that many companies like ours have found New Mexico to be a great place to start and grow a business.”
Eligibility for the 2018 New Mexico Technology Flying 40 is determined by falling under one of the following categories: top revenue growth companies with revenues between $1 million and $10 million, top revenue growth companies with revenues of more than $10 million, and top revenue-producing technology companies irrespective of revenue growth. This year’s Flying 40 companies saw a collective revenue of $865 million to New Mexico’s economy last year while providing high-paying jobs to 4,800 employee—an increase of 43 percent in the past five years.
The Flying 40 includes companies from varying technology divisions, including aerospace, aviation, construction & facility management, engineering, information technology, and solar energy. Last year’s revenue growth for the Flying 40 can be viewed here.
The 2018 New Mexico Technology Flying 40 is the 21st annual celebration of New Mexico’s technology companies. This year’s event will be held at the ABQ BioPark Aquarium and Botanic Garden and expects 600 participants.