AUSTIN BUSINESS “ESOLVIT, INC.” WINS HIGHEST NATIONAL HONOR FROM U.S. DEPT. OF COMMERCE

Austin, TX, October 2020 – Austin business, ESOLVIT INC, wins the U.S Department of Commerce’s highest, and most prestigious national award from among 11 million minority business across the country. ESOLVIT is a global professional IT services and solutions firm, has been awarded Minority Professional Services Firm of the Year by the United States (U.S.) Department of Commerce’s (DOC) Minority Business Development Agency (MBDA). This award is only presented to a minority-owned firm that has achieved outstanding success in professional, scientific and/or technical services. The MBDA National Minority Enterprise Development Week Awards are the highest level of national recognition that a U.S. minority-owned firm can receive from the U.S. Department of Commerce.

Secretary of the U.S. Department of Commerce, Wilbur Ross, congratulated the winners and is quoted as saying, “Minority and women-owned companies are essential to the economic health of our nation. We commend all of you for persevering through one of the most difficult periods in American history. Your businesses employ over 6 million Americans and you contribute more than 1.8 trillion dollars to the US economy. You are doing the work of the nation. Thank you!” Furthermore, National Director of MBDA, David J Byrd, stated, “You are amazing leaders! I applaud your business accomplishments, dedication, and continuous drive for success. We recognize your creativity, ambition, and determination as an example of the contribution's minority-owned enterprises make to our economy.” Additionally, Efrain Gonzalez, Jr. Associate Director from the Office of Business Development at the U.S. DOC’s MBDA said, "[ESOLVIT] is among a select few American businesses that have achieved this unique success. You are an inspiration to other minority businesses across the country."

ESOLVIT has had an outstanding year. The cutting-edge IT services company works hard to meet and exceed the evolving needs of its national and international clients. This is why the company has been recognized multiple times in 2020 for demonstrating excellence in IT management and business operations with awards such as the U.S Department of Commerce ’s National MBDA Minority Professional Services Firm of the Year and the recent U.S. Pan Asian American Chamber of Commerce National Fast 100 Asian American Business Award. These special acknowledgements put a spotlight on the outstanding achievements and robust growth of ESOLVIT, one of the country’s most successful, global minority companies.

ESOLVIT Founder, CEO, and National Association of Women Business Owners (NAWBO) 2020 Woman Business Owner of the Year Usha Boddapu said, “We are privileged and honored to win this award from among 11 million minority-owned businesses across North America. We are proud to represent Texas on the international stage as this type of national recognition sets us apart from thousands of other businesses and amazing leaders who compete to win each year. Our company’s teamwork, dedication, and commitment allow us to consistently produce the superior, global products and services we have become known for over the past 15 years. These new awards will lead us to new business opportunities; and when combined with our excellent service and high-quality product lines – ESOLVIT will grow into a billion-dollar organization within the next decade.”

Chairman and Co-Founder of ESOLVIT, Sri Rao Boddapu said, “As an Indian American, it is a great honor to receive such a prestigious award. This success is a tangible representation of us reaching the "American Dream". The dream was realized in part due to our consummate dedication and teamwork, which has led to superior service and therefore, expansion of our company. This special recognition is a powerful statement in support of our company’s vision that is not only unique, but a necessary component in our achievements within the technology industry, as well as in the national and global marketplace. ESOLVIT’s vision also includes giving back to the community; and we are dedicated to this journey that will not only support, assist, and inspire the next generation, but allow us to continue to make a positive impact on the economy.”

Since 1983, MBDA has hosted the National MED Week observance honoring the outstanding achievements and leadership of minority-owned firms, organizations, and advocates from across the Nation. This year, the U.S. Department of Commerce MBDA honored award winners in a virtual “How I Did It” interview series during National Minority Enterprise Development Week, September 14-19, 2020. Theseries showcased ESOLVIT’s innovative solutions to overcoming obstacles and how the cutting-edge IT services company thrives under challenging circumstances. The virtual event also featured award winners and special keynote addresses from Wilbur Ross (U.S. Secretary of Commerce Keynote Speaker), David J. Byrd (National Director Minority Business Development Agency), Antavia Grimsley (National MED WEEK Program Manager), Linsey Davis (ABC News Correspondent, Host of How I Did It Series), Maria Elena Salinas (Keynote Speaker, Peabody Award Winning Anchor), D.J. Vanas (Keynote Speaker, Thriving Through Adversity: Calling All Winners).

Please find Usha Boddapu’s full interview at the following link: https://vimeo.com/456652566