Cadnetics was recently named to Pittsburgh’s Fast 50 list for the third time. Founded in 1993, Cadnetics has been innovative in technology and design since its doors opened. They position themselves as a Premier Technology Partner through its production of architectural and engineering drawings, drafting, animation, and illustration services.
Cadnetics’ primary service is using software to allow those involved in developing new buildings to see what those buildings will look like when completed. Architects, interior designers, engineers, contractors, home builders, and developers use their services to make sure the finished product will work for the end user. They added another service that provided an additional revenue stream during the pandemic: virtual building tours designed to give those designing and building the structure a completed vision of the project.
Cadnetics has a focus on moving the industry forward, and that is reflected in being chosen as part of the Fast 50, which ranks privately held companies based on revenue growth between 2018 and 2020. Rather than feeling a negative impact from the pandemic, Cadnetics grew at a rate of 89.9% between 2018 and 2020, with 2020 revenue coming in at $4 million, ranking it No. 10 on the 2021 Fast 50.
James Mauler, President and CEO, Cadnetics, attributes their aggressive expansion plan and ability to hire remote workers as well as creating new revenue streams as a factor in their success. He said their growth was also as a result of optimistic developers and building owners, “We saw an initial dip in the first two months when they shut everything down. We took a little bit of a hit, but then things picked back up. The owners and developers were still pushing forward on their projects, despite the pandemic.”
Mauler said his expansion plans have just begun, and he hopes to increase the company’s revenue six-fold in the next decade, “We’re hoping to make the Fast 50 list every year moving forward,” he said. “We want to take our company from a $4 or $5 million company to a $30 million company in the next 10 years. I’m hoping to have 200% growth next year. We’re setting the foundation by rebranding and with recruitment campaigns to grow significantly in the coming years.”
