NCTA Names Geomagic Mid-Size Company of the Year
Share:
RESEARCH TRIANGLE PARK, N.C., November 21, 2005 - Geomagic has been named mid-size company of the year by the North Carolina Technology Association (NCTA). The annual NCTA awards recognize outstanding contributions made by information technology companies and individuals in North Carolina.
Geomagic's products enable designers and engineers to transform scan data from physical objects into highly accurate digital models for applications ranging from ensuring the NASA space shuttle Discovery's safe return, to reconstruction of historic treasures, to new processes that speed quality inspection.
During the last five years, the Geomagic's revenues have grown by 2,105 percent. In the 2004 fiscal year, net income rose by 615 percent, the number of Geomagic employees doubled, and the company became international, establishing fully owned subsidiaries throughout Europe and Asia.
Geomagic was recently named to the Deloitte Technology Fast 500 for the third consecutive year, acknowledging the company's consistent performance year after year and placing it among the fastest-growing technology companies in North America. Fu has been recognized as Inc.'s Entrepreneur of the Year for 2005. Her personal story and that of Geomagic's revolutionary technology is the subject of a cover story in Inc.'s December issue, scheduled to hit newsstands on November 29.
"We are thrilled to be named NCTA's mid-size company of the year," says Ping Fu, president and CEO of Geomagic. "It is a milestone worth celebrating - just a few years ago, we were a struggling startup. Our fast growth has been fueled by our leadership in digital shape sampling & processing, our commitment to innovation and excellence, and our focus on delivering value to customers. This award validates our vision, performance and market leadership."
For more information on the NCTA awards, visit the NCTA website www.nc-tech.org.
About Geomagic - the DSSP leader
Geomagic (www.geomagic.com) simplifies digital shape sampling and processing (DSSP), enabling customers to accelerate their design-build cycles and ensure quality at every step. More than 4,000 professionals in industries such as automotive, aerospace, medical devices and consumer products use Geomagic software and services. They benefit from unprecedented time savings, fast learning curves, increased productivity, and high levels of user satisfaction. Geomagic has headquarters in Research Triangle Park, N.C., subsidiaries in Europe and Asia, and distributors worldwide.
