CED NAMES 25 NORTH CAROLINA COMPANIES TO WATCH
Winners Post Strong Revenue, Job Growth Despite a Challenging Economy
RESEARCH TRIANGLE PARK, N.C. – CED, a private, nonprofit organization that promotes entrepreneurial
efforts in North Carolina, has selected its inaugural class of North Carolina Companies to Watch, growth-stage entrepreneurial companies that demonstrate high performance in the marketplace, exhibit
innovative products or display other unique qualities that make them “worth watching.”
From 2006 through 2009, these companies collectively generated $334 million in revenue and added
443 employees (both in North Carolina and out of state), reflecting a 232 percent increase in revenue
and 176 percent increase in jobs for the four-year period. That translates into a 51 percent annual
revenue growth and 41 percent annual growth in employees.
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 new program, which will become an annual event, recognizes the impact that
growth-stage, or 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 23rd at the Raleigh
Marriott City Center.
The 2010 “North Carolina Companies to Watch” are:
Consolidated Asset Recovery Systems, Inc. (Raleigh)
“These companies exemplify the innovation and entrepreneurial spirit that lead to success in the
marketplace and in the future,” said CED President Joan Siefert Rose. She noted that these companies
expect continued growth in 2010, with a 98 percent revenue increase and 49 percent growth in
employees (both in North Carolina and out of state) compared to 2009. “CED is proud to recognize the
accomplishments of all our 25 winners and their significant contributions to our state’s economy,” Rose
said.
The North Carolina Companies to Watch were selected from an initial pool of 190 nominees from across
North Carolina. They are privately held companies of between 6-99 employees and $1 million to $50
million in annual revenue or funds raised from grants, investors or partnerships. The winners represent
the geographic regions of the state as well as different sectors of the economy.
The winning companies also represent a powerful economic engine for North Carolina. During 2005-
2007, there were more than 47,000 second-stage companies in the state, according to
YourEconomy.org, an online resource of the Edward Lowe Foundation. These companies employed
more than one million workers, approximately 37.5 percent of the jobs created by companies
headquartered in North Carolina.
Winners Post Strong Revenue, Job Growth Despite a Challenging Economy
RESEARCH TRIANGLE PARK, N.C. – CED, a private, nonprofit organization that promotes entrepreneurial
efforts in North Carolina, has selected its inaugural class of North Carolina Companies to Watch, growth-stage entrepreneurial companies that demonstrate high performance in the marketplace, exhibit
innovative products or display other unique qualities that make them “worth watching.”
From 2006 through 2009, these companies collectively generated $334 million in revenue and added
443 employees (both in North Carolina and out of state), reflecting a 232 percent increase in revenue
and 176 percent increase in jobs for the four-year period. That translates into a 51 percent annual
revenue growth and 41 percent annual growth in employees.
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 new program, which will become an annual event, recognizes the impact that
growth-stage, or 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 23rd at the Raleigh
Marriott City Center.
The 2010 “North Carolina Companies to Watch” are:
Consolidated Asset Recovery Systems, Inc. (Raleigh)
“These companies exemplify the innovation and entrepreneurial spirit that lead to success in the
marketplace and in the future,” said CED President Joan Siefert Rose. She noted that these companies
expect continued growth in 2010, with a 98 percent revenue increase and 49 percent growth in
employees (both in North Carolina and out of state) compared to 2009. “CED is proud to recognize the
accomplishments of all our 25 winners and their significant contributions to our state’s economy,” Rose
said.
The North Carolina Companies to Watch were selected from an initial pool of 190 nominees from across
North Carolina. They are privately held companies of between 6-99 employees and $1 million to $50
million in annual revenue or funds raised from grants, investors or partnerships. The winners represent
the geographic regions of the state as well as different sectors of the economy.
The winning companies also represent a powerful economic engine for North Carolina. During 2005-
2007, there were more than 47,000 second-stage companies in the state, according to
YourEconomy.org, an online resource of the Edward Lowe Foundation. These companies employed
more than one million workers, approximately 37.5 percent of the jobs created by companies
headquartered in North Carolina.
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