Business View Magazine - October 2016 61
launching seven more Amazon global marketplaces
this year, including our own website,” says Vagenas.
“So we’ll be going international this year. We’re going
to Europe and South America.”
This past year, the company’s continued success has
been recognized by Ernst & Young which nominated
Pharmapacks for its Entrepreneur of the Year award,
and Vagenas, himself, won Crain’s 40 Under 40 award,
“which was a nice honor,” he admits. In addition, the
company’s outstanding growth rate has not gone un-
noticed by other industry watchers. “We’re getting a lot
of calls from private equity companies to buy pieces of
the company,” Vagenas says, “ but we don’t need out-
side money, so we’re not looking at that, right now. We
are currently on pace to hit a run rate of $160 million
by the end of the year, just like we projected – possibly
a little more.”
Another focus for the company, this past year, has
been building upon its warehouse and e-commerce
technologies. “Without the technology we built, and
our internal platforms and software, we wouldn’t be
where we are today,” Vagenas states unequivocally.
“That’s what’s driving our growth.”
And where does Pharmapacks’ CEO see his company
five years in the future? “We have goals of reaching a
billion,” he declares. “Who knows?” And based on the
company’s already first-rate track record, why would
anybody want to argue the point?
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