San Diego Business Journal

Women-Owned Businesses Are a Half Billion Dollar Force

ENTERPRISE: Firms Grow 2.8 Percent in 2011 And Support 3,200 Jobs By Stephanie Glidden Monday, May 7, 2012

Another 40-year-old firm, Innovative Employee Solutions Inc., is No. 3 on the list with revenues of $73.9 million in 2012, up 16 percent from 2010. Karla Hertzog is the founder, but has passed the day-to-day leadership on to Elizabeth Rice, CEO, and Gaby Mergenthal, president.

“Our recruiter services division saw quite an increase in business last year,” said Megan VanderGeest, marketing manager. “The staffing and recruitment industry was on the rise in 2011.”

Employing 27 people companywide, IES is an outsourced payroll and human resources administration services provider.

Software Applications

G2 Software Systems Inc. is new to the list this year at No. 4 with $21.4 million in revenues. The company was founded in 1989 by president Georgia Griffiths and employs 113 people companywide.

“G2 Software is an application development and systems engineering firm,” said Bill Long, CFO. “G2 writes code for various software applications and systems for the U.S. government and other clients that might include a fighter system in a jet, a command system for troops, or a sensor management system that secures high profile boundaries.”

I.E. Pacific Inc., No. 5 on the list, had the largest percentage increase in revenue of 124 percent, growing from $8.65 in revenue in 2010 to $19.38 million in 2011. I.E. Pacific employs 21 people companywide.

Diane Koester-Dion, the company’s president, said in a statement that the increase was due to work issued out of the Naval Facilities Engineering Command in Twentynine Palms.

One of San Diego’s oldest family businesses is Neyenesch Printers Inc., ranked No. 7 on the list with $15.54 million in revenue, up 7 percent from 2010. Employing 69 people in San Diego, Neyenesch can trace its history back to 1899, when William Barrend Neyenesch moved his printing company to San Diego and started printing menus for the Hotel del Coronado. Today his granddaughter, Carol Bentley, is the CEO of the company, which is 67 percent women-owned.

Page 2 of 2

Next