RTP, N.C. – July 28, 2010 – BlueStripe Software, the leader in next generation application management solutions, has been named one of 25 North Carolina Companies to Watch by CED, a private, nonprofit organization that promotes entrepreneurial efforts in North Carolina. The inaugural class of North Carolina Companies to Watch represents growth-stage entrepreneurial companies that demonstrate high performance in the marketplace, exhibit innovative products or display other unique qualities that make them “worth watching.”
“BlueStripe is honored to be included in the first ever list of North Carolina Companies to Watch,” said Chris Neal, BlueStripe co-founder and CEO. “The Research Triangle Park gives BlueStripe powerful advantages that have contributed to successful acquisition of key enterprise customers.”
BlueStripe and the other honorees represent a powerful economic engine for North Carolina. During 2005-2007, there were more than 47,000 second-stage, or growth-stage companies in the state. Those companies employed more than one million workers, approximately 37.5 percent of the jobs created by companies headquartered in North Carolina.
“BlueStripe exemplifies the innovation and entrepreneurial spirit that lead to success in the marketplace and in the future,” said CED President Joan Siefert Rose. “CED is proud to recognize the accomplishments of all our 25 winners and their significant contributions to our state’s economy. BlueStripe is certainly worthy of watching, and we look forward to seeing continued growth and achievement.”
The North Carolina Companies to Watch program recognizes the impact that growth-stage, or second-stage, entrepreneurial companies make on the marketplace and on the economy. The 25 winners were selected from an initial pool of 190 nominees from across North Carolina. They are privately held companies of between 6-99 employees and $1 million to $50 million in annual revenue or funds raised from grants, investors or partnerships. The winners represent the geographic regions of the state as well as different sectors of the economy.
BlueStripe Software is a leading provider of Transaction and Application Monitoring Solutions for IT Operations and Support teams. BlueStripe’s flagship Transaction and Application Performance Management software, called FactFinder, delivers Transaction Monitoring, Application Performance Monitoring, and Server Monitoring together in a single tool, tracking transactions end to end across the data center and through the cloud. This transaction-centric Application Management approach allows IT Operations teams to know where Transactions go, where they get stuck, and why. For additional information, please visit http://bluestripe.com.
CED (formerly The Council for Entrepreneurial Development) is a private, nonprofit organization founded in 1984 to identify, enable and promote high-growth, high-impact companies and accelerate the region’s entrepreneurial culture. Headquartered in Research Triangle Park, CED is the oldest and largest entrepreneurial support organization in the nation, with more than 5,500 active members. CED provides know-how, networking, mentoring and capital formation resources to new and existing high-growth entrepreneurs through annual conferences, programs and web-based resources. Visit www.cednc.org for more information.
Established in 1985, the Edward Lowe Foundation is a nonprofit organization that supports entrepreneurship through research, recognition and educational programs, which are delivered through entrepreneur support organizations (ESOs). The foundation focuses on second-stage companies — those that have moved beyond the startup phase and seek significant, steady growth. The foundation also encourages economic gardening, an entrepreneur-centered strategy providing balance to the traditional approach of business recruitment. Headquartered in Cassopolis, Michigan, the foundation was established by Edward and Darlene Lowe to "champion the entrepreneurial spirit." Visit www.edwardlowe.org for more information
Companies to Watch is a unique awards program that recognizes and celebrates the contribution, innovation and energy of diverse second-stage companies in a state or region. These companies work behind-the-scenes generating the bulk of new, sustainable jobs and are a powerful economic force underpinning the high quality of life most Americans enjoy. Created and managed by the Edward Lowe Foundation, Companies to Watch is one of the foundation's initiatives to celebrate the achievements of second-stage companies.