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RWD Technologies history
RWD Technologies company history timeline
Too often the employees don't really know how to use the new equipment properly, so the buyers don't reap maximum productivity gains." Deutsch explained the genesis of the problem to the Washington Post in a 1995 interview: "The big companies tend to work from the top down.
Sales totaled $85.7 million and net income topped $9 million in 1997.
RWD enjoyed another strong year in 1998, when sales improved by 34 percent to $114.7 million and net income totaled $13.1 million.
Although RWD's revenues increased to $124.4 million in 1999, it was less than expected, and net income decreased 60 percent to $5 million.
Despite a retooling of its business models in 2000, RWD simply could not overcome a downturn in the economy that led clients to cut back on investments.
Hirsh, Stacey, "Columbia, Md.-Based Technology Consulting Firm to Save Money by Going Private," Baltimore Sun, May 2, 2003.
Given the company's size and struggle to regain profitability, Deutsch decided in 2003 to take the company private once again and eliminate these costs as RWD waited until economic conditions improved.
Sales continued to slide in 2004, falling to $107 million.
In addition, in 2005 RWD hired a pair of executives to expand the Applied Technology Solutions division in hopes of drumming up more business from the pharmaceutical and other regulated industries.
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RWD Technologies competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| GP Strategies | 1959 | $473.1M | 3,300 | 15 |
| Dataset | 1993 | $8.5M | 150 | 1 |
| RLM Communications | 2004 | $8.5M | 150 | - |
| SAP National Security Services | 2003 | $7.9M | 375 | - |
| Celerity | - | $1.0M | 50 | 13 |
| GeoLogics | 1989 | $52.7M | 350 | 15 |
| Cabinet Oudot Roux | - | - | 12 | - |
| Savantage Solutions | - | $6.8M | 100 | 4 |
| MRE Consulting | 1994 | - | 376 | 1 |
| HAVERSTICK CONSULTING INC | 1994 | $240.0M | 1,420 | - |
RWD Technologies history FAQs
Zippia gives an in-depth look into the details of RWD Technologies, including salaries, political affiliations, employee data, and more, in order to inform job seekers about RWD Technologies. The employee data is based on information from people who have self-reported their past or current employments at RWD Technologies. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by RWD Technologies. The data presented on this page does not represent the view of RWD Technologies and its employees or that of Zippia.
RWD Technologies may also be known as or be related to Performance Readiness Solutions, Performance Readiness Solutions, A Group Within Gp Strategies, RWD Technologies, RWD Technologies Inc, RWD Technologies LLC and Rwd Technologies.