Top 40 Growth Company Beats All Odds
Just like any other young professional, Tracey Grace was committed to her career and performing with her eye on excellence, as she emerged from the prestigious University of Pittsburgh with an MBA. She has successfully knocked down many barriers as the founder and CEO of IBEX IT Business Experts (IBEX), a training, technology, and professional services firm.
There have been many economic downturns that have forced companies to rethink the ways they approach business. This was the case for a Dutch consulting firm where Grace held several roles, eventually moving up the ranks to become VP. She was challenged to grow the company’s revenues right in the crux of what is known today as The Great Recession. This challenge was met by her fierce tenacity and fervor to succeed. She took the company to record breaking numbers in a new unexplored vertical—IT training and consulting—specifically in the healthcare field right as health systems were migrating to electronic health records.
Although she was producing, the company’s leadership decided this was not a viable growth segment and advised her to refocus. They did not see a valuable future in the Health IT space. This became a pivotal turning point for Grace’s future. Given the relationships she had formed, and her work ethic, she could not bring herself to sever ties so easily with this newfound customer base who valued her expertise and relied upon her guidance. And this marked the birth of an independent consultancy that would become IBEX IT Business Experts today—an award-winning certified woman, minority-owned small business.
After launching the company, of course, there were growing pains. Navigating as a newly minted entrepreneur is not an easy task. With limited resources Grace gravitated to the federally funded support resources, one of which was the Georgia MBDA Business Center. “The Georgia MBDA Business Center was pivotal in sharing information and providing collaboration that helped send me on a strong path forward. At one event the Center referred me to, I reconnected with an acquaintance who referred me to a client that I’m still winning contracts with today,” says Grace. MBDA is the only federal agency tasked with promoting the growth and competitiveness of minority-owned businesses. They provide technical training, market knowledge and insights and networking for nominal fees and in many cases offer free programming designed to provide greater access to capital, contracts and markets.
“We were able to share a poster in the first Poster Walk Competition at an Advanced Manufacturing Summit, and one of the attendees from Chicago came to us and wanted to collaborate on a government contract,” explains Grace. This is a true testament to the importance of the community MBDA cultivates for small minority owned businesses.
“As IBEX continues to grow, we are focused on giving back, keeping in mind our early hardships, we have been able to develop a solution to help enterprises to better engage minority owned businesses through our technically advanced supplier diversity vendor management system, Certifiably Diverse,” says Grace. Within the next five years, IBEX’s intent is to exponentially increase its footprint by introducing proprietary products aimed at both national and international markets.
IBEX was recently selected as one of the 2021 Georgia Fast 40 for middle market growth by Atlanta’s Association for Corporate Growth. The company was invited to be one of three groups on a project with the Department of Transportation, and Ms. Grace was recently named to the board of North Fulton Community Charities. IBEX has retained a spot on the Inc. 5000 list of growing companies for the last three years and is ranked as number 32 for the Inc. list in Georgia. To learn more about IBEX, be sure to check out their website and follow them on Facebook, Twitter, and LinkedIn.