01 Jul Key Tech Acquired…By Its Employees!!!
We are delighted to announce that Key Tech is now a 100% employee-owned company accomplished through an Employee Stock Ownership Plan (ESOP). This comes on the heels of a landmark year in 2018, where we celebrated 20 years in business and had our best year ever.
The move to 100% employee ownership is in keeping with our commitment to our strongest asset – our people. Transitioning the firm’s financial future to our employees underscores our philosophy that everyone here should act and think like owners. And now we are ensuring that everyone responsible for our success will directly benefit from it.
Key Tech’s people-first business strategy has served the company well since our founding in 1998. It has always been our plan for our employees to own the company and our aim to remain independent and privately held. Our culture of integrity and our friendly environment of exceptional and creative talent is closely held and nurtured.
Our move to employee ownership does not change the day-to-day leadership of Key Tech. You’ll continue to recognize the faces of leadership here. Employee Stock Ownership Plans reward employees for company growth through a long-term retirement benefit. We expect this to further enhance our remarkable retention of exceptional talent.
Employee ownership also means that our clients can continue to expect to be treated like family as we grow. Key Tech’s collaborative projects bring clients into the fold, working sometimes for years alongside our engineers and designers, to develop solutions for their most challenging technology needs. We are now positioned to take each of those relationships forward into the coming decades with the care and engagement our clients have come to enjoy and expect.
Ask anyone here – all of us at Key Tech are excited about our new future.