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hilip Verges is the Founder of the Small Equity Initiative, a global advocacy group for small and medium enterprises, their entrepreneurs and the investors that support them. Through education, advocacy and economic social commentary, the Small Equity Initiative is dedicated to improving the worldwide small business investment market to in turn, promote a global peace by reducing emerging market poverty.
Before Mr. Verges founded Small Equity Initiative, he launched NewMarket Technology in 1997, which has grown into an international company focused on systems integration in emerging markets worldwide with over $100 million in annual revenue, over 500 employees in six countries and customers across the globe.
Philip Verges has been committed to public service from an early age. After three decades of balancing what he considered competing commitments to public service and earning a living, he is now dedicated to creating profitable opportunities in the world's emerging markets to directly reduce poverty.
In high school, Verges achieved the rank of Eagle in the Boy Scouts of America. Before he was old enough to vote, he worked on George Bush's campaign for President in 1980 going door to door in Dallas, Texas. After graduating from high school in 1983, he enlisted in the U.S. Army. He was subsequently accepted to the United States Military Academy at West Point, graduating in 1988 as a commissioned Lieutenant and marrying his high school sweetheart. After 10 years in uniform, and shortly following the birth of the first of five children, he and his wife made the decision to exit the Army. He then went to work for Electronic Data Systems (EDS) as a mechanical engineer where he learned computer programming, followed by going to work for a small technology consulting firm out of St. Louis. In 1997, Mr. Verges launched a technology start-up in with his two brothers, sister and father. The family-founded technology business, known today as NewMarket Technology, has grown through various ups and downs to a $100 million technology services company with offices in Asia, South America and the United States. Today, he remains as Chairman of the NewMarket.
NewMarket has earned awards and been recognized in industry rankings through the years and in 2008, Mr. Verges was recognized as an Ernst and Young Entrepreneur of the Year Finalist and a Tech Titans Corporate CEO Finalist.
Throughout his career, Philip Verges has also maintained his commitment to public service. He serves in the United Nations International Strategy for Disaster Reduction (UNISDR) Private Sector Advisory Group. Mr. Verges also serves as a board member of Honduras Hope to foster business investing initiatives throughout the Episcopal Diocese of Honduras. Close to home, he serves on the board of the Shelton School and has served as a judge of the Dallas Science Fair and as a business mentor for school principals in the Dallas Independent School District.
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