john gorst
Gig Harbor, WA (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Insynq, Inc.
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Startup
Location:
Gig Harbor
Industry:
Internet
Year Founded:
1998
Number Employees:
10-50 people
Business Stage:
Growth (profitable)
Entity Type:
"C" Corporation
Description:
Company Overview
InsynQ is a cloud service provider with 15 years operational history. The Company hosts more than 300 software applications critical to small and medium businesses and provides managed IT services for those applications.
Like the application solutions InsynQ provides, The Company’s business model is highly scalable. InsynQ’s revenues have grown at a 30% year-over-year clip since 2010. Today more than 5,500 business owners and employees rely on the InsynQ platform for licensed applications such as Intuit Quickbooks, Peachtree and MS Office. As cloud services are only now penetrating the majority of technology adopters, management is confident in strong continued Company growth.
Led by Founder and CEO John Gorst, InsynQ seeks to expand its customer base through acquisition, leading a consolidation trend among cloud application providers and capitalizing on growing market demand for cloud computing solutions.
Business Model
InsynQ generates revenue through monthly user fees, application usage fees and private, customized cloud server fees. Each of these three revenue streams is recurring and scales in tandem with client acquisition and added product offerings.