ORLANDO, FLA., OCT. 25, 2012 -- Ranging in industries from information technology, software, healthcare and auto parts, fifty high-performing companies from across the State of Florida, were honored at the second annual Florida Companies to Watch celebration event on Friday, October 19 at the Rosen Shingle Creek Resort in Orlando, FL. Hosted by GrowFL at the University of Central Florida, in partnership with the Edward Lowe Foundation and sponsored by SunTrust Banks, Inc. and with special support provided by the Florida Department of Economic Opportunity, the awards event attracted nearly 400 attendees in celebration of the impact these companies generate to our state.
Florida Companies to Watch is a unique awards program that honors second-stage growth companies for their impressive employment rates and revenue growth. These companies have a reputation for generating a large portion of new jobs and strengthening Florida's economy.
The combined impact of the Class of 2012 Florida Companies to Watch is immense. In 2011 alone, the companies generated $355 million in total annual revenue, and held 1,576 full-time equivalent employee positions. The companies collectively created 350 net new jobs compared to the previous year. Between 2008 and the end of this year, these companies will have generated $1.4 billion in revenue and added 1,297 employees reflecting a 204 percent increase in revenue and 151 percent increase in jobs for the five-year period. In 2012 alone, that translates to a 35 percent annual revenue growth and 37 percent annual growth in employees. For a complete list of this year's winners please visit the Florida Companies to Watch website. *Data compiled in August 2012.