For immediate release: Aug 18, 2008
Posted by: [IEDC]
Contact: Mitch Frazier
Phone: 317.232.8873

Indiana Names 50 'Companies to Watch'

INDIANAPOLIS (Aug. 18, 2008) - Fifty companies from 19 Indiana counties have earned a place in Indiana's inaugural field of "Companies to Watch."

 

The accolade, presented by the Indiana Economic Development Corporation, its Small Business Development Centers network, Purdue University and the Edward Lowe Foundation, recognizes the state's top privately held businesses that employ up to 150 employees and have between $750,000 to $100 million in annual revenue or working capital.

 

"There is no better story to tell than that of a homegrown Hoosier company that continues to grow and create new jobs," said Governor Mitch Daniels. "We're committed to creating the best business environment we can so these 50 Companies to Watch and all the businesses across our state continue to succeed in today's global economy."

 

The 50 "Companies to Watch," which were named after evaluating the more the 420 nominations for the awards, represent industries ranging from steel makers to software developers and laboratories to logistics firms.

 

Nearly 3,800 mid-sized companies with between $5 million and $100 million in annual sales operate in Indiana, according to a recent Indiana Chamber of Commerce Foundation study. Those companies employed more than 386,000 workers and produced more than $55 billion in annual sales.

 

Sponsored in part by KeyBank, Barnes & Thornburg LLP and Katz, Sapper & Miller, the

"Companies to Watch" awards program is an initiative developed by the Cassopolis, Mich.-based Edward Lowe Foundation.  The foundation hosts similar programs in Michigan and Arizona.

 

The 50 "Companies to Watch" will be honored at an Aug. 27 ceremony at the Indiana Roof Ballroom in Indianapolis.   Tickets for the ceremony and dinner are still available and may be purchased online at http://www.indianactw.eventbrite.com/ or by calling 888.472.3244.

 

Complete List of Companies to Watch Winners

COMPANY

PRIMARY BUSINESS

LOCATION

AIT Laboratories

Testing laboratory

Indianapolis

ANGEL Learning Inc.

Education software

Indianapolis

Backhaul Direct LLC

Freight transportation logistics

Indianapolis

ChaCha

Mobile answers service

Carmel

CIM Technology Solutions

Telecommunications integration

Columbus

Compendium Software LLC

Blog search engine

Indianapolis

Cook Biotech Inc.

Biotechnology R&D

West Lafayette

Custom Mechanical Systems Corp.

General contractor

Bargersville

Daman Products Co. Inc.

Hydraulic valve machinery

Mishawaka

DyKnow LLC

Educational software

Indianapolis

Elona Biotechnologies Inc.

Biotechnology R&D

Greenwood

Endocyte Inc.

Biotechnology R&D

West Lafayette

Exacq Technologies Inc.

Video surveillance software

Indianapolis

ExaroMed Inc.

Life sciences marketing

Carmel

eXcellon Technologies Inc.

Electronics engineering

Fort Wayne

Falk-PLI Engineering & Surveying

Industrial engineering

Portage

Hamilton Exhibits LLC

Event displays and marketing

Indianapolis

Helmer Inc.

Laboratory equipment

Noblesville

Indianapolis Jet Center

Aircraft servicing

Indianapolis

Information in Place Inc.

Training software

Bloomington

Intercambio Express Inc.

Financial services

Goshen

JFNew & Associates

Ecological consulting

Walkerton

Kountry Wood Products LLC

Cabinetry construction

Nappanee

Langham Logistics Inc.

Supply-chain management

Indianapolis

Lenex Steel Co.

Steel construction materials

Indianapolis

LGC Associates LLC

Staffing services

Carmel

MainGate Inc.

Sports merchandising, marketing

Indianapolis

Micropulse Inc.

Medical devices

Columbia City

Midwest Toxicology Services Inc.

Testing laboratory

Indianapolis

Midwest Tube Mills Inc.

Steel tubing products

Madison

Mursix Corp.

Metal-stamping machinery

Muncie

Next Wave Systems LLC

Defense system R&D

Pekin

NTsupply.com

Online building products

Indianapolis

Officescape Inc.

Business service center

Indianapolis

Orthodynamics Co. Inc.

Medical device brokerage

Noblesville

Oxygen Education LLC

Training software

Indianapolis

POLARIS Laboratories LLC

Testing laboratory

Indianapolis

Premiere Credit of North America LLC

Financial services

Indianapolis

ProCure Treatment Centers

Cancer treatment center

Bloomington

Professional Consultants Inc.

Engineering services

Evansville

Quadraspec Inc.

Laboratory equipment

West Lafayette

Reel Time Logistics Inc.

Freight transportation logistics

Terre Haute

Sensory Technologies

Telecommunications integration

Indianapolis

Simulex Inc.

Simulation software

West Lafayette

The South Bend Chocolate Co.

Chocolates and confectionaries

South Bend

T2 Systems Inc.

Parking management software

Indianapolis

Univertical Corp.

Metal-plating chemicals

Angola

VMS

Event planning, interactive media

Indianapolis

Warm Glow Candle Co.

Candle making and sales

Centerville

Xtreme Alternative Defense Systems

Defense system R&D

Anderson

About IEDC
Established under Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Indiana Secretary of Commerce Nathan Feltman serves as the chief executive officer of the IEDC.  Since the creation of the IEDC, the state has posted three consecutive years of record-breaking commitments for new jobs. For more information about IEDC, visit www.iedc.in.gov.

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Media Contact:
Mitch Frazier (IEDC) - 317.232.8873 or MFrazier@iedc.in.gov

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