Press releases
Doba Experiences Record Growth, Recognized as an Emerging Elite Company
2 February 2006
OREM, Utah (BUSINESS WIRE) — Doba®, a leader in product sourcing solutions online, experienced unprecedented growth last year with a 218% growth in revenues over the previous year and a tremendous 84% growth in staffing.
Doba was recently recognized as an Emerging Elite company in Utah, distinguishing the innovation, leadership and performance of the company. This recognition is only awarded to fifteen top companies that the Mountain West Capital Network hand selects. To qualify for Emerging Elite status, a company must have been started within the last five years, and have a high ratio of revenues over capital invested.
"It is exciting to be at the forefront of the rapidly growing industry of online product sourcing services. We have emerged as a leader very early in a space that is going to experience tremendous growth over the next decade," said Jeremy Hanks, CEO of Doba. "We will continue to focus on providing our customers with the best and most valuable services to enable them to achieve maximum growth and profitability in their entrepreneurial endeavors. With unmatched service and simplicity, we believe our customer numbers will continue to grow exponentially."
To accommodate the rapid growth of the company, Doba has also recently announced that they will continue to make Canyon Park Technology Center in Orem, Utah, their home. While the move was only across the parking lot, Doba was glad to be moving into a new building and headquarters that allows continued growth and expansion. Doba has been extremely happy with the choice to stay at Canyon Park. Canyon Park's slogan is "Where Companies Come to Grow," and Hanks said, "That has certainly been true for us. We're excited to have found a partner in Canyon Park, who can provide us with the breathing room we'll need as we continue to grow."
"We congratulate Doba for their ability to capture product sourcing opportunities and their rapid growth. We are excited that Doba has made their home here at Canyon Park Technology Center," said Tom Macdonald, CEO at Canyon Park Technology Center.
About Doba
Product sourcing specialist and drop-shipping service provider Doba provides a Web platform that enables small businesses to find wholesale products to resell. Doba leads in providing online product sourcing solutions that link thousands of small retailers to the virtual inventories of wholesale suppliers and vice versa. Doba's simplified technology platform facilitates these new and unique connections and transactions. The core components and value drivers of product sourcing as Doba enables it fall into four areas: access, research, selling, fulfillment. The supplier's distributing ability and the retailer's purchasing power are each aggregated and focused through a single connection point, and economies of scale unattainable to each side present themselves. To complement this platform, Doba also provides education, training, and tools that empower both entrepreneurs to find and sell products, and suppliers to connect to retailers. Doba simplifies and streamlines product sourcing for the emerging market of millions of Web-based entrepreneurs delving into the fray of starting and/or growing a retail business. Doba is: Product sourcing. Simplified.™
About Canyon Park Technology Center (www.canyonparkutah.com)
Canyon Park Technology Center offers more than 1 million square feet of office and data center space with build-to-suit opportunities. No other business park in Utah County offers the technology infrastructure of Canyon Park. Many notable growing companies call Canyon Park their home, including Omniture, Symantec, Convergys, Intuit, LexisNexis, Unicity and Verio.