Economic Impact in 2011 of the
2012 Colorado Companies to Watch Awardees
(50 Second-Stage Companies)

Page Updated 04/24/2014 08:48:53

$377 million in total annual revenue
65.0 percent increase in total annual revenue compared to 2010

1,787 full-time equivalent employees
1,599 in Colorado • 188 out of state

607 net new jobs projected for 2012
499 in Colorado • 108 out of state

Increasing Impact

From 2008 through 2011, these companies generated $964 million in revenue and added 902 employees (both in Colorado and out of state), reflecting a 103 percent increase in revenue and 102 percent increase in jobs for the four-year period. That translates into a 30 percent annual revenue growth and 27 percent annual growth in employees.

These companies project continued growth in 2012, with a 47 percent revenue increase and 34 percent growth in employees (both in Colorado and out of state) compared to 2011. If their projections hold, these companies will have generated $1.5 billion in revenue and added 1,509 employees over the last five years - a 199 percent increase in revenue and 171 percent increase in jobs since 2008.

  2008 2009 2010 2011 2012
(projected)
Revenues
(millions of dollars)
$186 $173 $228 $377 $555
Employees
(full-time equivalent in Colorado and out-of-state)
885 996 1,244 1,787 2,394

Companies of the 2012 Colorado Companies to Watch

  • 34 Degrees
    Company Head: Craig Lieberman, President & Founder
    Located in: Denver
    Founded in: 2003
    Primary Business: wholesale trade
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 6
    Expected FTEs in 2013: 9
    Website: 34-degrees.com/
  • Agloves
    Company Head: Jennifer Spencer, President/Owner
    Located in: Boulder
    Founded in: 2010
    Primary Business: retail trade
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 7.5
    Expected FTEs in 2013: 10
    Website: www.Agloves.com
  • Air Comm Corporation
    Company Head: Keith Steiner, CEO
    Located in: Boulder
    Founded in: 1987
    Primary Business: manufacturing
    Sites in Colorado: 1
    Sites Elsewhere: 1
    FTEs in 2012: 79
    Expected FTEs in 2013: 87
    Website: www.aircommcorp.com
  • Altitude Digital Partners
    Company Head: Jeremy Ostermiller, CEO
    Located in: Denver
    Founded in: 2009
    Primary Business: advertising, public relations, and related services
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 15
    Expected FTEs in 2013: 25
    Website: www.altitudedigitalpartners.com
  • AppliedTrust
    Company Head: Trent Hein, CEO
    Located in: Boulder
    Founded in: 2001
    Primary Business: computer systems design and related services
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 26
    Expected FTEs in 2013: 29
    Website: www.appliedtrust.com
  • Aventura
    Company Head: Howard Diamond, CEO
    Located in: Denver
    Founded in: 2008
    Primary Business: information technology
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 33
    Expected FTEs in 2013: 56
    Website: www.aventurahq.com
  • Backflip Studios
    Company Head: Julian Farrior, CEO
    Located in: Boulder
    Founded in: 2009
    Primary Business: arts, entertainment, and recreation
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 35
    Expected FTEs in 2013: 65
    Website: www.backflipstudios.com
  • BAIR Analytics Inc.
    Company Head: Sean Bair, President
    Located in: Highlands Ranch
    Founded in: 1997
    Primary Business: computer systems design and related services
    Sites in Colorado: 1
    Sites Elsewhere: 1
    FTEs in 2012: 25
    Expected FTEs in 2013: 35
    Website: www.bairanalytics.com
  • BCOR
    Company Head: TIM BERGMAN, CEO
    Located in: Louisville
    Founded in: 2001
    Primary Business: arts, entertainment, and recreation
    Sites in Colorado: 8
    Sites Elsewhere: 1000
    Website: www.BCOR.net
  • Beacon Communications LLC
    Company Head: Michael Hester, Managing Partner
    Located in: Denver
    Founded in: 1998
    Primary Business: construction
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 50
    Expected FTEs in 2013: 68
    Website: www.beaconcom.com
  • Birko
    Company Head: Kelly Green, Chairman/Owner
    Located in: Henderson
    Founded in: 1953
    Primary Business: manufacturing
    Sites in Colorado: 1
    Sites Elsewhere: 1
    FTEs in 2012: 64
    Expected FTEs in 2013: 69
    Website: www.birkocorp.com
  • Boulder Ice Cream
    Company Head: Scott Roy, President
    Located in: Boulder
    Founded in: 1994
    Primary Business: manufacturing
    Sites in Colorado: 1
    Sites Elsewhere: 1
    FTEs in 2012: 10
    Expected FTEs in 2013: 6.5
    Website: www.bouldericecream.com
  • Business Controls Inc.
    Company Head: Steven Foster, President
    Located in: Greenwood Village
    Founded in: 1994
    Primary Business: administrative and support services
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 18
    Expected FTEs in 2013: 21
    Website: www.businesscontrols.com
  • Cerapedics Inc.
    Company Head: Paul Mraz, President and CEO
    Located in: Westminster
    Founded in: 2001
    Primary Business: manufacturing
    Sites in Colorado: 1
    Sites Elsewhere:
    FTEs in 2012: 20
    Expected FTEs in 2013: 22.5
    Website: www.cerapedics.com
  • Chromatic Technologies Inc.
    Company Head: Lyle Small, President & Founder
    Located in: Colorado Springs
    Founded in: 1993
    Primary Business: manufacturing
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 38
    Expected FTEs in 2013: 42
    Website: www.ctiinks.com
  • Clean Energy Collective
    Company Head: Paul Spencer, Founder and President
    Located in: Carbondale
    Founded in: 2009
    Primary Business: utilities
    Sites in Colorado: 3
    Sites Elsewhere:
    FTEs in 2012: 7.5
    Expected FTEs in 2013: 28.5
    Website: www.easycleanenergy.com
  • Connexall USA
    Company Head: John Elms, President
    Located in: Boulder
    Founded in: 2010
    Primary Business: information technology
    Sites in Colorado: 2
    Sites Elsewhere: 8
    Website: www.connexall.com
  • Couragent Inc.
    Company Head: Gordon Nuttall, CEO
    Located in: Fort Collins
    Founded in: 2010
    Primary Business: computer systems design and related services
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 5.5
    Expected FTEs in 2013: 9
    Website: www.couragent.net
  • ECSTeam
    Company Head: Rob Hale, President
    Located in: Greenwood Village
    Founded in: 1999
    Primary Business: information technology
    Sites in Colorado: 1
    Sites Elsewhere:
    FTEs in 2012: 63
    Expected FTEs in 2013: 81
    Website: www.ecsteam.com/
  • Elite Brands
    Company Head: Terry Cekola, Owner and President
    Located in: Denver
    Founded in: 2003
    Primary Business: wholesale trade
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 38
    Expected FTEs in 2013: 42
    Website: www.elite-brands.com
  • Gateway Products Inc.
    Company Head: Arthur (Ted) Simon, President
    Located in: Holly
    Founded in: 1976
    Primary Business: manufacturing
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 31.5
    Expected FTEs in 2013: 33
    Website: www.SU-PER.com and www.SU-PERstore.com
  • Geotech Environmental Equipment Inc.
    Company Head: Jeffrey Popiel, President and Chief Executive Officer
    Located in: Denver
    Founded in: 1978
    Primary Business: manufacturing
    Sites in Colorado: 1
    Sites Elsewhere: 7
    FTEs in 2012: 92
    Expected FTEs in 2013: 98
    Website: www.GeotechEnv.com
  • Gibson Athletic
    Company Head: Brian Smith, President
    Located in: Denver
    Founded in: 1974
    Primary Business: manufacturing
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 46
    Expected FTEs in 2013: 61
    Website: www.gibsonathletic.com
  • Gnip Inc.
    Company Head: Jud Valeski, CEO
    Located in: Boulder
    Founded in: 2008
    Primary Business: information technology
    Sites in Colorado: 1
    Sites Elsewhere: 0
    Website: gnip.com
  • Gorilla Logic Inc.
    Company Head: Stu Stern, CEO
    Located in: Boulder
    Founded in: 2002
    Primary Business: information technology
    Sites in Colorado: 1
    Sites Elsewhere: 2
    Website: www.gorillalogic.com
  • Grower's Organic
    Company Head: Brian Freeman, Owner, President
    Located in: Denver
    Founded in: 2005
    Primary Business: wholesale trade
    Sites in Colorado: 1
    Sites Elsewhere:
    FTEs in 2012: 36
    Expected FTEs in 2013: 40.5
    Website: www.growersorganic.com
  • Integrated Listening Systems
    Company Head: Randall Redfield, CEO
    Located in: Denver
    Founded in: 2007
    Primary Business: health care and social assistance
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 15
    Expected FTEs in 2013: 20
    Website: www.integratedlistening.com
  • Janska LLC
    Company Head: Jan Erickson, President
    Located in: Colorado Springs
    Founded in: 2003
    Primary Business: manufacturing
    Sites in Colorado: 1
    Sites Elsewhere:
    FTEs in 2012: 15.5
    Expected FTEs in 2013: 23
    Website: www.janska.com;www.janskawellnesswear.com
  • Lightning Eliminators & Consultants Inc.
    Company Head: Avram Saunders, President & CEO
    Located in: Boulder
    Founded in: 1971
    Primary Business: lightning, surge and grounding protection products, solutions and services
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 28.5
    Expected FTEs in 2013: 29.5
    Website: www.lightningprotection.com
  • LT Environmental Inc.
    Company Head: Thomas Murphy, President
    Located in: Arvada
    Founded in: 1992
    Primary Business: scientific and technical consulting services
    Sites in Colorado: 4
    Sites Elsewhere: 4
    FTEs in 2012: 95
    Expected FTEs in 2013: 110
    Website: www.ltenv.com
  • Madwire Media
    Company Head: Joe Kellogg, CEO
    Located in: Loveland
    Founded in: 2009
    Primary Business: information/media
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 87
    Expected FTEs in 2013: 120
    Website: www.madwirewebdesign.com
  • Mobile Epiphany LLC
    Company Head: Glenn Kletzky, President and CEO
    Located in: Aurora
    Founded in: 2008
    Primary Business: computer systems design and related services
    Sites in Colorado: 1
    Sites Elsewhere: 0
    Website: www.mobileepiphany.com
  • Mountain West Insurance & Financial Services LLC
    Company Head: Darrell Camilletti, Managing Member/CEO
    Located in: Craig
    Founded in: 1998
    Primary Business: finance and insurance
    Sites in Colorado: 5
    Sites Elsewhere:
    FTEs in 2012: 36
    Expected FTEs in 2013: 69.5
    Website: www.mtnwst.com
  • mywedding.com
    Company Head: Woody Pastorius, President and CEO
    Located in: Castle Rock
    Founded in: 2003
    Primary Business: information/media
    Sites in Colorado: 1
    Sites Elsewhere: 1
    FTEs in 2012: 67.5
    Expected FTEs in 2013: 75.5
    Website: www.mywedding.com
  • NIMBL
    Company Head: Yosh Eisbart, CEO and Co-Founder
    Located in: Denver
    Founded in: 2009
    Primary Business: information technology
    Sites in Colorado: 1
    Sites Elsewhere:
    FTEs in 2012: 10
    Expected FTEs in 2013: 22
    Website: www.benimbl.com
  • Payment Solutions
    Company Head: Kenneth Salazar, CEO
    Located in: Loveland
    Founded in: 2004
    Primary Business: finance and insurance
    Sites in Colorado: 1
    Sites Elsewhere:
    FTEs in 2012: 75
    Expected FTEs in 2013: 110
    Website: www.paymentsolutionsdirect.com
  • Redwing Electric Inc.
    Company Head: Samantha Quintana, President
    Located in: Trinidad
    Founded in: 1996
    Primary Business: construction
    Sites in Colorado: 1
    Sites Elsewhere: 1
    FTEs in 2012: 9
    Expected FTEs in 2013: 9
    Website: redwingelectriconline.net
  • Rocky Mountain Popcorn Company
    Company Head: Karen Bradley, CEO & President
    Located in: Centennial
    Founded in: 1986
    Primary Business: manufacturing
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 6
    Expected FTEs in 2013: 6
    Website: www.rmpopcorn.com
  • Rustic Log Furniture
    Company Head: Randy Jackson, President
    Located in: Alamosa
    Founded in: 1996
    Primary Business: manufacturing
    Sites in Colorado: 2
    Sites Elsewhere: 0
    FTEs in 2012: 34.91
    Expected FTEs in 2013: 45
    Website: rusticlogfurniture.com
  • SendGrid
    Company Head: Jim Franklin, CEO
    Located in: Boulder
    Founded in: 2009
    Primary Business: information technology
    Sites in Colorado: 1
    Sites Elsewhere: 1
    FTEs in 2012: 67
    Expected FTEs in 2013: 120
    Website: www.sendgrid.com
  • SkyFuel Inc.
    Company Head: Richard LeBlanc, President and CEO
    Located in: Arvada
    Founded in: 2007
    Primary Business: manufacturing
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 34
    Expected FTEs in 2013: 42
    Website: www.skyfuel.com
  • SolidFire
    Company Head: Dave Wright, CEO
    Located in: Boulder
    Founded in: 2009
    Primary Business: computer systems design and related services
    Sites in Colorado: 1
    Sites Elsewhere: 0
    Website: www.solidfire.com
  • Sophono Inc.
    Company Head: James Kasic, CEO, President
    Located in: Boulder
    Founded in: 2010
    Primary Business: manufacturing
    Sites in Colorado: 1
    Sites Elsewhere: 1
    FTEs in 2012: 16
    Expected FTEs in 2013: 24
    Website: www.sophono.com
  • SoundTraxx
    Company Head: Steven Dominguez, President/Owner
    Located in: Durango
    Founded in: 1990
    Primary Business: manufacturing
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 29
    Expected FTEs in 2013: 34
    Website: www.soundtraxx.com
  • Symplified
    Company Head: Eric Olden, Founder, CEO and Chairman
    Located in: Boulder
    Founded in: 2006
    Primary Business: information technology
    Sites in Colorado: 1
    Sites Elsewhere: 0
    Website: www.symplified.com
  • Tensentric Inc.
    Company Head: Wade Lukianow, President / CEO
    Located in: Boulder
    Founded in: 2009
    Primary Business: scientific and technical consulting services
    Sites in Colorado: 1
    Sites Elsewhere:
    FTEs in 2012: 32
    Expected FTEs in 2013: 38
    Website: www.tensentric.com
  • Versi-Panel Enclosures/Companion Habitats
    Company Head: Kevin Kvols, President
    Located in: Colorado Springs
    Founded in: 1986
    Primary Business: manufacturing
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 39
    Expected FTEs in 2013: 39
    Website: www.vpenclosures.com
  • Vforge Inc.
    Company Head: Ken Young, President
    Located in: Lakewood
    Founded in: 1999
    Primary Business: manufacturing
    Sites in Colorado: 2
    Sites Elsewhere: 0
    FTEs in 2012: 90
    Expected FTEs in 2013: 105
    Website: www.vforge.com
  • WellTok Inc.
    Company Head: Scott Rotermund, President
    Located in: Denver
    Founded in: 2009
    Primary Business: health care and social assistance
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 20
    Expected FTEs in 2013: 34
    Website: welltok.com
  • Zia Consulting Inc.
    Company Head: Michael Mahon, President & CEO
    Located in: Boulder
    Founded in: 2003
    Primary Business: computer systems design and related services
    Sites in Colorado: 1
    Sites Elsewhere: 0
    FTEs in 2012: 19.5
    Expected FTEs in 2013: 32.5
    Website: www.Ziaconsulting.com