News Releases

TM Floyd & Company Celebrates Its 30th Year in Business - 7/20/2007

TM Floyd & Company Implements Lean Six Sigma Program - 1/7/2007

TMF Announces the Appointment of a New Healthcare VP - 11/15/2006

TMF Director Addresses the CCR at IBM's On Demand Conference - 11/15/2006

TMF Project Manager Presents at 12th Annual NCHICA Conference - 11/15/2006

7/20/2007

TM Floyd & Company Celebrates Its 30th Year in Business

From its simple beginnings in 1976, TM Floyd & Company has flourished into a 280-person organization servicing the Healthcare and Property & Casualty insurance industries by providing Executive Level, Subject Matter, Business Analysis, and Information Technology (IT) expertise.

In 1974, two associates and Terry Floyd started an IT consulting company. They operated the business successfully for two years, but it was determined that each had different regional preferences for where they wanted to do business, so in 1976 the organization was divided geographically. Terry’s focus was on the South and the Midwest and he named the entity TM Floyd & Company.

In the early years of TM Floyd & Company, the concept of consulting and contracting was novel to the IT industry. Much effort was devoted to simply selling the concept—that is, the practicality and cost effectiveness of consulting. About the only consulting going on at the time was through the large hardware vendors and the accounting firms. Initial efforts were successful because the first few employees wore many hats. The organization didn't grow substantially until the mid-1980's, when the business became strong enough to add the necessary infrastructure and overhead to generate that growth.

In an industry that has seen fierce competition from offshore organizations, TM Floyd & Company has continued to prosper. When asked why he thought that was the case, Terry responded by saying, “We've chosen to run this business with the understanding that repeat business is our ‘bread and butter.' Earning repeat business requires that we sometimes make a sacrifice to satisfy a client or to ensure a successful engagement. We always learn and grow—even from an occasional failure. In the end, we improve, we have more successes, and we've built a better foundation from which to grow the company."

"As we consider our future as a company, we'll need to anticipate major shifts in the industry. We'll need to be able to respond to the inevitable changes, as we have in the past. To react quickly, we'll need to stay flexible. We'll also need to continue to foster a company culture that embraces rapid change."

"This is an evolving industry, and even after 30 years in the business, I still don't dare to predict what it will be like ten years from now. I am confident about one thing, though. It'll be different than it is today. That's what keeps us always alert, always excited about what's next, and always looking ahead."