The IEDC, its Small Business Development Centers network, Purdue University and the Edward Lowe Foundation presented the "Companies to Watch" competition.

Press Release

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.

Source: Indiana Economic Development Corp.