50 new second stage companies selected for 2014 class of Colorado Companies to Watch

By: InnovatioNews Tuesday June 24, 2014 Tags: Axion Health, David Tolson, Denver, Tom Carson, Westminster

 

DENVER - Fifty second-stage companies have been named to the 2014 Colorado Companies to Watch list, a program launched in 2009 by the Colorado Office of Economic Development and International Trade in conjunction with the Edward Lowe Foundation.

Last year, the 50 companies generated $413 million in total annual revenue, up 34 percent compared to 2012.

Between 2010 and 2013, the companies generated $1.1 billion in revenue and added 1,005 employees both in Colorado and out of state, reflecting a 141 percent revenue increase and a 131 percent job increase in the four-year period, according to CCTW.

"Colorado Companies to Watch recognizes and celebrates the businesses that form the backbone of the state's economy," said David Tolson, CCTW's board chair and managing director of Platinum Sponsor CapitalValue Advisors.

"The winners selected each year epitomize the hallmarks of a growth-oriented company."

This year's companies include tech companies, food companies, manufacturers, financial services, bioscience and health care firms, including Westminster-based Axion Health.

"Our employees work diligently every day to provide employers and their workers with the best occupational health, safety, wellness and engagement tools," said Tom Carson, Axion's CEO.

"We are excited to have been selected for this great honor and recognition."

A full list of this year's Companies to Watch is available at http://colorado.companiestowatch.org/index.ctw

To be considered for inclusion on the list, a company must be Colorado-based, privately held, employ 6 to 99 FTE employees and have $750,000 to $50 million in annual sales or a similar range of working capital.

The 50 selected 2014 companies were chosen from 1,200 applicants.

This year's class-- CCTW's sixth - marks 300 companies that have been recognized with more than 10,500 full-time equivalent jobs created.