Wow! It has been a while since this site was updated with our quarterly results, this year has just been flying past.

Q1-2012 

The first quarter was good, we accomplished a fair amount of work on projects put in motion at the end of 2011. Our focus was on expanding our reach into Canada with VoIP hardware sales, launching our new Video Conferencing division and a number of internal projects centered on systems improvements and company culture.

Financially the company did great, far better than Q1 the previous year and ahead of our overall expectations, even while making a lot of internal changes.

Importantly, on March 14th, the company officially turned 10 years old and we did, in true form, take time to celebrate as a group.

Q2-2012

Second quarter until now has been something big and notable, a turning of the page for the company in a very positive way.

There have been a lot of changes in the company landscape, the projects being worked on and the overall definition and communication of purpose, strategy and vision for the company.

Internally there have been some new hires to grow and improve our customer service department, software development team and sales force. Others within the organization have been promoted or moved into roles well suited for their skills and passion.

Financially speaking, the company did excellent and continued to grow on pace with projections. Again, this growth was accomplished even with the many changes going on within the company.

Q3-2012

Still in the works, a little less than a month to go and things are really moving forward well.

Off of the heels of the management strategic summit, we have a lot more of our future defined and have a clear path as to how to get there.

I’m very much looking forward to writing up our year end results and sharing the many successes accomplished by the great team at STH.

Sayers Technology Holdings is celebrating its best year EVER! (so far)

Although the year isn’t completely over yet, we have so much to be proud of, so many accomplishments and even more planned for the coming years.

Before any recaps and expectations, it is important to note that these are made possible by the great people driving the companies forward every day. Thank you!

Some of these may have been covered in previous quarterly updates, nonetheless, here are some of our highlights for the year.

  • We purchased our new headquarters last December and spent much of our 1st quarter this year getting settled in, remodeling, building and optimizing the space for our continual growth and evolution. We managed to do this while continuing our operations uninterrupted and making Q1-2011 an exceptional quarter despite various inconveniences of relocating 20,000  sq. feet of business.
  • Our engineering team was able to completely rewrite our order entry and CRM platform to improve performance, enhance the buying experience and provide greater post sale support to customers that purchased through our call center, now able to access their orders, invoices and even custom pricing via the online store.
  • The IT and Operations staff completely rebuilt our internal and external networking and systems infrastructures, cleaning up 9 years of accumulated “stuff”. Our internals are now running on redundant virtual hosts in their own temperature controlled server room, our external systems have been moved to a new host that is twice as powerful and half as expensive!
  • The accounting department has done a spectacular job this year after taking on and completing the acquisition of our new home late last year. Along with managing and maintaining our A+ credit rating, ensuring timely receivables and adjusting inventory levels to keep pace with our growth, they have reduced company debt by mid six figures and reduced annual expenses also by mid six figures.
  • Our marketing department has been hard at work all year. They have launched dozens of single product stores such as SPA504g.com and SPA508g.com to highlight a specific products and the accessories supported by it. The also prepared dozens of videos to highlight the company, products and support issues such as configuration. The Why Buy from VoIP Supply video is a good example.
  • The company was active within the community, supporting several local charities and organizations. Camp Good Days and the Buffalo City Mission were the two primary organizations though there were several other smaller involvements. Collectively, the company donated more than $25,000 financially and several staff members donated their personal/work time to be involved.
  • Financially, the company rocked! We were able to exceed our annual projections before December even started and December has been an exceptional month on top of the holiday chaos. Our top line was at projections, our bottom line exceeded them due to greater than expected reduction in expenses. We projected revenue growth of 15% and exceeded it handily. Oh yeah, I forgot to mention that we did all of this with the same number of full time employees. This small fact is a testament to the individual skill development and dedication exhibited by the staff.
  • Lastly… In a few months, on March 14th, we will be celebrating 10 years in business. We’ve had many years of acceleration via triple digit growth, a few years stalling the engine and pushing the company vehicle uphill, finally reaching the top, firing up the engine and we’re back to dominating the race!!

So now what? Maybe we should sit back and enjoy what we’ve built, watch it run, be satisfied as it is… Don’t count on it! Like I’ve said many times, nothing improves without change, embrace it!!

As we roll into our tenth year, 2012, we will be ignoring the Mayans and planning on being here for another 100 years. There are many initiatives and projects underway as I write this, plans to grow our existing business, enhance our offerings to the more than 100,000 existing customers and other plans to improve our people, processes and overall effectiveness.

I’d love to tell you the details, even high level overviews of these plans, but I can’t. I’m sorry. I’m sure you’ll hear about them soon enough :)

Happy Holidays and Happy New Year to all of you! Thank you for making 2011 as awesome as it has been and for helping ensure that 2012 will be even more incredible. You, my customers and staff, are wonderful! Thanks.

Another great quarter for STH and its companies, plenty to be proud of….

VoIP Supply: Just recently the company was named on the list of Western New York’s Top CEOs (previously Top 100 Private Companies) – this is our 7th consecutive time on this list. We added a new member to our sales team in Q3 and he is proving to be a valuable asset to the organization. VoIP Supply added a few new brands this past quarter including LifeSize and Panasonic as well as the AT&T Synapse PBX. Financially, Q3 was our most profitable quarter since early 2008 and far exceeded our earnings projections. Our VSP Program for Service Providers continues to grow exceptionally well with many new providers participating.

Sayers Distribution and VoIP Fulfillment: The division has grown well this year and particularly this past quarter. Sayers Distribution added several new customers to its portfolio and the VoIP Fulfillment team added about a dozen new service providers. Daily/Monthly output from this division more than doubled in Q3 and continues to accelerate into Q4 and 2012.  Leveraging strategic partnerships, both distribution and VoIP Fulfillment have expanded their offerings to include Just In Time orders and Global Delivery to more than 100 countries.

Sayers Media Group: Although there has not been too much activity within SMG since the recession start in 2008, where our focus was primarily on VoIP Supply, we have prepared a significant project for this division and are currently building the infrastructure to launch, support and grow a global services suite to debut in 2012. Stay tuned for updates on this project.

Q4 is already well underway and there will be a lot to shout about by the time it is all over. We have hired several additions in October/November for specific roles, projects and tasks – all very exciting! We are expecting this to finish up as our best year ever and setting the stage for our 10th year of business (2012) to continue the trend in many areas of the business.

Another Awesome Quarter at Sayers Technology Holdings

April through June was yet another great quarter for Sayers Technology Holdings and its various divisions. Despite global economic uncertainty, our companies are growing in line with projections and plans set forth a year ago.

VoIP Supply made some exciting changes in Q2 and was able to do so with little to no disruption to our customers or our staff. Following on the heals of a major commerce platform revision in Q1, we integrated that platform with our ERP solution and implemented a new and far more efficient order entry system. Not only is this system faster and easier for our customers, it also provides online access to all of our managed accounts and telephone (non-web) based accounts, roughly 65% of our 115,000 customers worldwide. Financially the company remains highly profitable and on track for significant year-over-year growth at the top and bottom of the numbers.

IP Camera Supply remained inline with projections and also is on track for significant year-over-year growth. The company was also able to benefit from and utilize our centralized commerce platform enhancements and efficiency gains. We are looking forward to continued growth and profitability within our surveillance division for the remainder of the year and many more thereafter.

Sayers Distribution (VoIP Fulfillment) is experiencing extraordinary growth and will continue within the current quarter and the next few years. Though launched just a few months ago in November 2010, this division of the holding company will be reaching its break even mark in Q3 and is expected to complete this year in the black. The customers brought in during Q2 and anticipated growth the remainder of the year will allow us to expand our warehousing facilities and purchase a second warehouse within the commerce park.

Additionally, there are two very exciting projects in the works during Q3/Q4 that will take the company well beyond our projections and anticipated growth, look for details as these divisions/projects reach completion this year.

Core Values and Associate Success Attributes

April was an excellent month for the company relative to its division’s financial accomplishments, project progress and completion as well as further defining the long term vision and road-map. We held our quarterly all hands on deck meeting off-site to discuss our company core values, associate success attributes, spend time together away from the office and to enjoy some live comedy to wrap up the evening. The event was excellent and really helped paint that picture for all to see and envision where they can and will fit into our future.

So what exactly are our Core Values and what are Success Attributes?

Our Core Values:

These values define our company, how we operate, why we exist and what our customers, vendors, employees and partners can expect in dealing with our companies. They are why we have been successful and will continue to excel at achieving our objectives.

  • Come to play and deliver excellence
  • Be entrepreneurial with drive, passion and determination
  • Always be learning and sharing knowledge
  • Nothing improves without it, create and embrace change
  • Demonstrate integrity to everyone

What exactly do we mean in stating these core values?

  • Our workplace is a playground where we are able to have fun, enjoy our role, feel welcome, encouraged and supported. While we aim to have fun each day at work, it does not take from our objective of delivering nothing short of excellence in every customer experience.
  • This company exists to embrace the entrepreneurial spirit, nurture it and grow it from within. The tenacity of an entrepreneur is encouraged in all associates regardless of their role. They (associates) are each their own company working collectively to achieve success.
  • Pro athletes do not improve their skill exclusively during a game, they practice, review, receive coaching, practice, practice and more practice. The same is required of anyone that wants to be a PROfessional in their own career. Learn every day and share with those around you.
  • Change is critical to our business and no change within our organization is designed to make things worse for anyone. We change a lot and do not expect to stop changing as we are relentlessly seeking to improve.
  • Integrity contains a lot of characteristics, for us it is our charter for conducting business ethically, delivering on our word, exceeding set expectations, being honest and forthright and remaining true to our values.

Our Associate Success Attributes:

These terms are the descriptive characteristics of those that work in the company. In order to excel and be part of an exceptional team, everyone is hired and tested based on their exhibition and demonstration of these attributes.

  • Integrity (be respectful of others, demonstrate sound business ethics and solid moral values; be honest, humble and trustworthy)
  • Passion (for your profession, the customer; for your need to be successful and delivering the highest quality)
  • Positive (have a winning attitude towards all others; be energetic and engaged at all times)
  • Entrepreneurial (be a leader; embrace change, be disciplined, persistent and adaptable; be driven, self-motivated and resilient,)
  • Enthusiast (seek out new technology; utilize the newest products, software and tools for the sake of efficiency and understanding)