North Suffolk-based Reed Integration’s third consecutive year of being named to an annual list of Virginia’s 50 fastest growing companies is a tribute to its employees, company officials said this week.

“The real key to our success is finding the right employees and putting them in the right places,” said Reed Vice President Steve Waddell, whose wife, Becky Reed, is the company’s president and chief executive officer.

This year, Reed Integration is No. 10 on the Virginia Chamber of Commerce Fantastic 50 list. That’s seven places better than in 2014.

Reed Integration is the only Suffolk-based company to make the list, and it achieved Hampton Roads’ highest rank.

The company provides technical services — systems engineering, project management, functional analysis and the like — to government and commercial clients.

Speaking via cellphone Thursday while traveling to Chantilly for the Fantastic 50 awards banquet — which he combined with two business appointments — Waddell said the company has grown and diversified in the past 12 months.

It has also added 10 more employees, he said, bringing the total on the payroll up to about 50, and is currently looking to hire four more.

Waddell cited new contracts with the U.S. Coast Guard, NASA and the U.S. Army.

The Army contract is with the Program Executive Office for Enterprise Information Systems in Fort Knox, Ky. “That’s our first contract with the Army,” Waddell said.

He said the training side of the business has seen “dramatic growth,” in particular with the U.S. Department of Health and Human Services.

“We are trying not to be totally dependent on the DoD,” he said. “Part of our strategy is not to be solely reliant on one area.”

On the non-government side, Oceaneering selected Reed Integration to provide project management training, Waddell said.

Inclusion on the chamber’s fastest-growing companies list has helped the company continue to grow, according to Waddell.

“Certainly it helps us when we submit proposals,” he said, adding the distinction is “an indication of success.”

After moving in two years ago, Reed Integration has already outgrown its facility in Harbour View’s Bridgeway Technology Center, Waddell said.

“We expect to be doubling our space in the next year,” he said, adding the intention is to remain at Bridgeway.

“We have found Suffolk to be a great business partner,” Waddell said.

More than 400 people were expected at Thursday’s awards banquet at the Westfields Marriott.

“In charting the chamber’s Blueprint Virginia long-term business plan for the commonwealth, 7,000 business leaders agreed on a path to ensure we remain a leader in technology, innovation and startups,” Virginia Chamber President and Chief Executive Officer Barry Duval remarked in a news release. “When we cultivate a business environment where entrepreneurs can start and grow successful businesses, Virginia wins.”