The Technology Business Alliance of Nevada (TBAN) yesterday named 1Velocity as the Startup of the Year. The award will be presented at TBAN’s annual TechNevada Honors luncheon on October 21. Other honorees include Zappos.com, Falcon Technology, Smart City Networks, and Tate Snyder Kimsey Architects.
TechNevada Startup of the Year: 1Velocity
Founded in Las Vegas in 2006 by Justin Steele, Brett Lewis, Kim Payne and Mike Ballard, 1Velocity has pioneered the use of millimeter-wave spectrum for metro Ethernet telecommunication services. 1Velocity now serves customers in both Reno and Las Vegas, providing Internet Access and Ethernet private lines to government and businesses.
The increasing use of shared applications, web services, and IP-based solutions is increasing demand for larger data connections. But many organizations cannot get the bandwidth they need without spending tens of thousands of dollars to bring in fiber.
At the same time, the growing importance of data services to government and business is driving the need for redundant data line providers.
One key characteristic that makes 1Velocity unique is that they do not share any physical infrastructure with other telecommunications carriers. Delivering speeds up to 2 Gbps, 1Velocity can often provide high bandwidth connections to locations other carriers cannot reach.
Independent organizations rank 1Velocity highest in average speed and customer satisfaction among local carriers. More than half their sales continue to come from existing customers.
1Velocity’s customers include some of the most well-known and highly respected organizations in Nevada: Allegiant Air, the State of Nevada, the Cities of Las Vegas and North Las Vegas, Palms Hotel & Casino, Grand Sierra Resort, Bank of Nevada, Desert Radiologists, and the Ultimate Fighting Championship.
Despite the economic downturn, 1Velocity’s revenues have grown this year by sixty-five percent and by more than 850 percent in the last two years.
