Business Observer's annual Gulf Coast 500 publication named PropLogix the third fastest-growing company among the leading 500 organizations along Florida’s Gulf Coast.
The publication considers businesses from nine Florida counties, from Collier to Polk.
Sarasota-based PropLogix partners with real estate agents, real estate attorneys, and title agents to complete due diligence for real estate dealings. The company’s revenue skyrocketed by 354 percent between 2014 and 2015, and CEO Tim Healy projects revenue for 2016 will increase by 100 percent over last year.
“We've been able to see this growth by investing in technology,” Healy said. “Plus, we've kept that one-on-one contact with our clients and by listening to their needs, we can bring them the services that will make their lives easier.”
PropLogix added to its business model earlier this year by expanding from Municipal Lien Searches and Association Estoppels to now including Surveys and Permit Resolution. In addition, the company partnered with a top name in closing software and plans many more business integrations in the near future.
While financial and product-related expansions are notable, PropLogix has also expanded manpower by more than three times since 2014. There are more than 50 full-time employees working for the business, and new positions mean more workers will be brought in for future development.