SEM named one of 25 businesses in the state to be honored by the Council for Entrepreneurial Development.
Winning second-stage companies represent $172 million in combined annual revenue in 2010; More than 250 projected new jobs in 2011
Research Triangle Park, NC – CED, a private, nonprofit organization that promotes entrepreneurial efforts in North Carolina, has named 25 winners for the second annual North Carolina Companies To Watch awards, honoring growth-stage entrepreneurial companies that demonstrate high performance in the marketplace, exhibit innovative products or display other unique qualities that make them “worth watching.”
North Carolina Companies To Watch is presented in partnership with the Edward Lowe Foundation and is made possible through the support of title sponsors Cherry Bekaert & Holland and Wyrick Robbins Yates & Ponton. This program recognizes the impact that second-stage, entrepreneurial companies make on the marketplace and on the economy. This year’s 25 winners will be honored at an awards ceremony September 21rd in Bay 7 at the American Tobacco Campus in Durham.
The 2011 “North Carolina Companies to Watch” are:
Bennett Aerospace, Inc.
BioAgilytix Labs
BioResource International. Inc.
Chimerix, Inc.
Dorsett Technologies, Inc.
Dry Corp, LLC
Emergency Technologies, Inc.
Expression Analysis
Figure Eight Technologies
FLS Energy
Geomagic
Hickory Nut Gap Farm
Ignite Social Media
Jackrabbit Technologies
K3 Enterprises, Inc.
LoneRider Brewing Company
MercuryGate International
Moog Music, Inc.
Replay Photos, LLC
Riley Life Logistics
Skookum Digital Works
Southern Energy Management
Spoonflower
TransLoc, Inc.
Varrow, Inc.
“These companies exemplify the entrepreneurial spirit that leads to success in the marketplace even during challenging economic times,” said CED President Joan Siefert Rose. She noted that these companies collectively grew revenue by an annual rate of 32 percent between 2007-2010, and added jobs at an annual rate of 36 per cent during the same period. “CED is proud to recognize the accomplishments of all our 25 winners and their significant contributions to our state’s economy,” Rose said.
