It’s no surprise that revenue at Mindgrub, a Baltimore technology company founded in 2002 by one-time teacher Todd Marks, grew by 50 percent from 2017 to 2018.
Revenue at Mindgrub, after all, is always growing.
“Mindgrub is known for innovation,” Marks said. “We have (a research and development) department that produces new products in the areas of augmented and virtual reality, gamification, robotics, smart city initiatives, IOT and more.
“These innovations help keep our brand in the forefront of our industry and has been a force multiplier for our extreme growth.”
Mindgrub’s business model is based on “finances and transparency,” Marks said. Each department is given a budget to track and follow and managers meet daily “to discuss any pain points and to work as a team to resolve them.”
That model, Marks noted, has landed Mindgrub on the Inc. 5000, Inc. magazine’s annual list of the country’s 5,000 fastest-growing small companies, for seven consecutive years.
Locally, The Daily Record named Marks an Innovator of the Year in 2016 and the Baltimore Sun cited Mindgrub as one of the area’s top workplaces in 2018.
Marks is chairman of the Maryland Tech Council and a board member of both the Northeastern Maryland Technology Council and the Economic Alliance of Greater Baltimore.
Michele L Whelly, president and CEO of the latter organization, praised Marks as “a true champion not only for the tech community but also for the region” in her letter nominating Marks for the top CEO award.
She added: “Todd Marks exemplifies how a true corporate leader benefits their company, their employees and their community.”