In business there are few better indicators of success than continuous growth. For the third year in a row, the Center for New Ventures and Entrepreneurship (CNVE) at Mays Business School at Texas A&M University, hosted the Aggie 100, an award ceremony recognizing the fastest growing 100 Aggie-owned and operated businesses. This year the top honor went to Hubert Glover ’92, CEO and president of REDE, Inc.
“This is my Oscar. I will cherish this the rest of my life,” said Glover holding his crystal plaque in an acceptance speech at the Aggie 100 luncheon on Friday, October 22, at the Zone Club in Kyle Stadium. More than 600 people were present to celebrate the success of the entrepreneurs being honored.
REDE, Inc., based in Metairie, Louisiana, provides IT and administrative services to clients such as NASA and the United States Department of Energy. In the 2004-2006 period, they experienced an incredible compounded annual growth rate of 371.32 percent.
Glover’s win of the number one spot in the Aggie 100 is significant: he is the first Mays Business School grad to achieve that honor. Glover earned his PhD in accounting from Texas A&M University in 1992. He founded REDE, Inc. in 1998 and since that time has served corporate entities ranging from federal small business contractors to Fortune 500 commercial enterprises. Glover has also served as a senior member of the business faculty at Clemson and Georgia State Universities.
The Aggie 100 class of 2007 can boast $3.3 billion in total revenues, and has alumni from as far back as 1959 and as recent as 2001. The minimum annual growth rate experienced by one of these companies is 30 percent. To view the entire list of winners, visit the site www.aggie100.com.
At the award ceremony, the Aggie 100 classes of 2005 and 2006 announced a gift of $55,000, which will establish the Aggie 100 Entrepreneurial Scholars Fund to support the Aggies of tomorrow. The class of 2007 was challenged to make a similar investment in the future of their alma mater.
Richard Scruggs, director of the CNVE concluded the ceremony with the announcement of plans to host the first annual conference for entrepreneurs. Called “Envision08”, this summit will be held at the Marriot River Center in San Antonio, April 23-25, and will feature successful entrepreneurs and well-known authors. For more information, visit the website http://www.envision08.com/.
The Texas A&M Center for New Ventures and Entrepreneurship provides encouragement, education, networking and assistance to entrepreneurially-minded students, faculty and Texas businesses. Founded in 1999, the Center is part of Mays Business School’s Department of Management. The Center enhances student education through campus speakers, competitions, work experiences and financial support.
For more information, please contact Lenae Huebner, assistant director of the CNVE, at email@example.com.