INDIANAPOLIS -- Five Indiana companies were recognized as Companies to Watch Spotlight Award recipients at the sixth annual Companies to Watch ceremony in Indianapolis yesterday.
The accolade, presented by the Indiana Economic Development Corporation, the Indiana Small Business Development Center and the Edward Lowe Foundation, recognizes past Companies to Watch honorees that have demonstrated continued growth, success and commitment to Indiana since receiving their Companies to Watch award.
Companies honored were New Albany-based boice.net, a security, data center, networking infrastructure and wireless solutions provider, Indianapolis-based hc1.com, a healthcare relationship management provider, Carmel-based Mainstreet, a real estate investment company, Fort Wayne-based Prairie Quest, Inc., a professional services firm and Sellersburg-based Rivera Consulting Group, an information technology firm.
boice.net, a 2012 Companies to Watch recipient, has added 22 full-time employees since 2012 and has seen a 20 percent revenue increase. In the fall of 2012, the company was named a Cisco Gold Partner, which is the highest level of certification that a Cisco Value-Added Reseller can receive.
hc1.com, a 2011 Companies to Watch recipient, recently changed its name from Bostech Corporation due to the success of hc1, its healthcare relationship management platform. The company has exceeded 500 lab locations, processing 200 million diagnostic tests annually utilizing this platform. As a result, hc1.com's revenue has grown by 71 percent since 2012.
Mainstreet, a 2010 Companies to Watch recipient, has more than doubled its revenues since receiving the award, opening a new property in Westfield, Ind. and making plans to open a third location in Avon, Ind. Mainstreet is also developing several other senior communities in the Indianapolis area.
Prairie Quest, Inc., a 2010 Companies to Watch recipient, has increased its full-time staff by more than 30 people and has seen a revenue increase of 42 percent in the last year. The company has acquired new clients, purchased new equipment and recently opened an office in Dayton, Ohio.
Rivera Consulting Group, a 2011 Companies to Watch recipient, has released a new software architecture and cyber defense product to offer as part of its service offerings, helping the company land contracts with the U.S. Army. The company has hired 45 new employees and has seen a revenue increase of more than 42 percent since 2012.
The sixth annual Spotlight Award winners were honored along with this year's 25 Companies to Watch recipients during a ceremony at The Indiana Roof Ballroom yesterday. Companies recognized as Companies to Watch are privately held businesses incorporated in Indiana, employ six to 150 full-time employees and have between $750,000 to $100 million in annual revenue or capital. More information about the award can be found at http://indiana.companiestowatch.org.
The Indiana Small Business Development Center (ISBDC) creates a positive and measurable impact on the formation, growth, and sustainability of Indiana's small businesses by providing entrepreneurs expert guidance and a comprehensive network of resources. Funding comes from government, organizations, and businesses, committed to growing Indiana and local economies. Statewide funders include the Small Business Administration and the state of Indiana. To learn more about the ISBDC and to become a client visit: www.isbdc.org.
The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.