One of National Minority Supplier Development Council Inc.’s ambitious goals for minority business enterprises as a group is to have $1 trillion in revenues by 2025. Serial entrepreneur and global technology innovator Tommy Hodinh expects to play a role in helping the organization reach that target.
“How are we going to do it? We see our key to success in joint ventures,” said Hodinh, president and co-founder, MagRabbit-SystemSoft-AU LLC, and president, chief operating officer and co-founder, MTech Partners LLC.
His portfolio of companies also includes MagRabbit Global Software Services LLC, MagRabbit Dedicated Fleet LLC, Mag-Rabbit Vietnam Co. Ltd., MagRabbit-American Unit LLC, MagRabbit AIW LLC and OESMagRabbit LLC. The companies have a global presence with their software development, information-technology consulting and supply-chain management offerings.
Hodinh and his famiy arrived in the United States in 1972 as a Vietnam refugees. After working his way through the University of Texas, he spent 15 years at IBM Corp. In 1990, he started MagRabbit Inc. in Austin, Texas. The company slogan has always been “More than a hare better and much faster than our competitors.” His clients include AT&T, Dell, IBM, Verizon Communications and Walmart.
Since 2005, Hodinh said MagRabbit has created three successful joint ventures and partners with several companies to gain big contracts with Fortune 500 companies.
“In the last few years, we have created joint ventures with an African American entrepreneur to form Mtech Partners and a Latino-disabled veteran-owned minority business enterprise [MBE] to form OESMagRabbit,” he said. “This year, we have MBE-to-MBE strategists and exclusive partners at the few-billion-dollars revenue level.”
MTech Partners helps its clients succeed by providing products and services that bring competitive advantage through innovation, performance, quality and cost efficiency.
“Last year, we created an Asian global MBE — MagRabbit-System Soft-AU LLC. It has $250 million in revenues and has 17 locations in the U.S. plus Vietnam, Philippines, Taiwan, Japan, Australia, Europe and nearshores,” Hodinh said.