10 minutes with Tami Cole
DocStrats owner Tami Cole rebooted her career by learning to code
At 23 years old, Cole was unsatisfied working for the state. When the opportunity came to join an IT boot camp, Cole leapt at the chance. The decision changed her life.
Industry roundtable: Technology
Is the Albany area welcoming to tech firms? Has New York state been supportive? How do you find qualified people?
Law firm Hodgson Russ and Albany Business Review recently convened a panel of 8 technology industry leaders at the Massry Center for Business at the University at Albany to answer these questions and others. Michael DeMasi, senior reporter at the Albany Business Review, moderated the discussion.
You can read the full article here: http://www.bizjournals.com/albany/feature/table-of-experts/industry-roundtable-technology.html
DocStrats New CEO Maps Out Plan to Double Workforce
Tami Cole is positioning DocStrats to boost sales by going after more private sector and health care customers, a move that will double the staff to 50 employees in the next three years.
Cole is the new owner and CEO of DocStrats in Rensselaer, New York, the company formerly known as Documentation Strategies. Her growth plans include increasing the company’s presence in New York City, where about four employees are based. The company already has women-owned business status in New York State. By obtaining similar certification in New York City, Cole believes DocStrats will be able to attract more government contracts in the city.
Cole acquired the company four months ago from Ann Moynihan for an undisclosed amount. Moynihan founded the company 34 years ago, transforming what began as a technical writing and training business into a full-service information technology and IT services consulting firm.
For the first year as owner and CEO, Cole planned to break even. The company already has made 85 percent of that revenue goal. That has positioned Cole to bring in a new executive next month who will serve as chief financial officer and chief operating officer for the company. It also is allowing the company to look into new opportunities like building up the training arm of the business and potentially expanding into cyber security services.
Moynihan to leave Documentation Strategies
Moynihan to leave Documentation Strategies, names next CEO34-year-oldDocumentation Strategies, has named the next leader of the information technology consulting firm.
Moynihan will leave Documentation Strategies in the coming months, after helping Tami Cole to transition into the role of president and CEO. Moynihan says she’d considered selling the company for several years. She began talking with Cole about a leadership transition about a year ago.
“It’s a good continuation,” Moynihan says. “I also think that the fact that she is a woman and is interested in getting re-certified as a women-owned-business is advantageous to the company. With her background and interest, it’s a good fit and tells a good story. The business stays in the area and she’s got an opportunity to make changes and grow the company.”
Inc. 500|5000 Ranking for Documentation Strategies.
Again in 2014, Documentation Strategies was named to Inc. magazine’s annual Inc. 500|5000, an exclusive ranking of the nation’s fastest-growing private companies. This is the company’s second consecutive year on the list.
“Being named to the Inc. 500|5000 list for a second year is a major step in our company’s growth. It’s a tribute to the highly qualified and hard-working staff at Documentation Strategies and the work they do every day to ensure that our clients are pleased,” said Ann Moynihan, president of Documentation Strategies.
“Our clients continue to ask us to help them in other technology areas, so we’ve brought in new resources and developed additional expertise to meet their needs. That has, in turn, fueled our growth,” said Moynihan.
“Not all the companies in the Inc. 500|5000 are in glamorous industries, but in their fields they are as famous as household name companies simply by virtue of being great at what they do. They are the hidden champions of job growth and innovation, the real muscle of the American economy,” said Inc. Editor Eric Schurenberg.
Top Computer Consultants in the Region
In the most recent ranking of the top computer consultants in the 11-county Capital Region, as published by the Albany Business Review on May 2, 2014, Documentation Strategies moved up to number 10 from its 2013 position at number 14. The ranking is based on 2013 consulting revenue.
BizWomen Mentoring Monday
Documentation Strategies President Ann Moynihan was selected to be one of the local business leaders participating in a new mentoring event held by the Albany Business Review in April 2014.
The event offered attendees the opportunity to choose from 40 mentors who are the most influential women in the community for one-on-one coaching sessions in five-minute conversations.
TVHS Business Alliance partner of the month for March.
In March 2014, Documentation Strategies was named Tech Valley High School’s Business Alliance partner of the month. President Ann Moynihan, an early and founding member of the Business Alliance, brought in Vice President Preetham Morkonda to continue the tradition the company established for involvement in the school. Preetham has become a frequent visitor to the school, presenting to students, participating on panels to review student presentations, and serving on a fundraising event committee. Tech Valley High School cited Documentation Strategies for its “exemplary support of Tech Valley High, demonstrating how small businesses can be involved providing both financial support to the school’s foundation and active involvement in the school’s programs.”
Meet one of Tech Valley’s Brightest
Documentation Strategies was featured as one of “Tech Valley’s Brightest” in the March 2014 edition of the MicroKnowledge e-newsletter. You can read the feature at MicroKnowledge Leadership Institute Graduate
Documentation Strategies Vice President Preetham Morkonda is a member of the 2014 class of the Leadership Institute, an award-winning, skills-based professional development program of the Rensselaer County Regional Chamber of Commerce. The program incorporates a “learning from leaders” approach to successful leadership training. Its mission is to provide an opportunity to develop an individual’s leadership, entrepreneurial and team building skills, increasing participants’ value to their organization and to the greater community. Preetham was chosen to participate by members of the Leadership Institute’s Selection Committee following his application to the program
Ann Moynihan is currently serving a three-year term as a member of the Rensselaer County
Regional Chamber of Commerce Board of Directors. She is also a board member of the Center for Economic Growth, which is committed to promoting Tech Valley as a thriving center for innovation and accelerated business growth.
Small Business of the Year in 2012
The Small Business Council of the Albany-Colonie Regional Chamber of Commerce named Documentation Strategies Small Business of the Year for 2012. The award honors businesses with fewer than 100 employees that are setting the standard for business excellence in Tech Valley. The award to Documentation Strategies recognized the company for its business growth, employment growth, sound business practices and community involvement.
Forty Under 40 Class Member
Preetham Morkonda was named to the Albany Business Review’s 2012 class of “40
Under Forty,” a group of business leaders selected from hundreds of nominations submitted by Business Review readers for this prestigious recognition. The 40 Under Forty roster of past honorees is filled with CEOs, bank presidents, business owners, accountants, attorneys and entrepreneurs. For many of them, it is the first public recognition of the success to come. The Albany Business Review has been identifying the up and coming generation of business leaders since 2000. The annual spring celebration of the 40 honorees is one of the biggest events on the business community calendar, drawing up to 800 people for lunch in downtown Albany.
Capital Region Economic Development Council Member
In 2011, Ann Moynihan was appointed by New York State Governor Andrew Cuomo to the Capital Region Economic Development Council. She continues to play an active role on the council. Governor Cuomo created 10 Regional Councils to develop long-term strategic plans for economic growth for their regions. A key component of Governor Cuomo’s transformative approach to economic development, these councils are public-private partnerships made up of local experts and stakeholders from business, academia, local government, and non-governmental organizations.