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Rapid growth earns Bluebridge Digital spot among 2014 ‘Companies to Watch’
FISHERS, Ind. (07/17/14)– Bluebridge Digital has been recognized as one of the 2014 Indiana Companies to Watch, an awards program presented by the Indiana Office of Small Business and Entrepreneurship (OSBE), its Indiana Small Business Development Center, the Indiana Economic Development Corporation (IEDC), and endorsed by the Edward Lowe Foundation.
Companies honored range in industries and have headquarters based in 12 counties throughout the state. Among the 27 honored companies in 2014 is Bluebridge Digital.
Rapid growth alone qualifies Bluebridge Digital as a company to watch. Experiencing over 300 percent revenue growth this year, they became the largest provider of tourism apps in the country. In 2014, they hired ten new full-time employees. From 2010 through 2013, in total, the 2014 Indiana Companies to Watch generated $379 million in revenue and added 622 employees (both in Indiana and out of state).
These companies project continued growth in 2014, with a 50 percent revenue increase and 26 percent growth in employees (both in Indiana and out of state) compared to 2013. If their projections hold, these companies will have generated $612 million in revenue and added 764 employees over the last five years — a 301 percent increase in revenue and 185 percent increase in jobs since 2010.
The continued growth of Bluebridge Digital includes plans to add up to 199 new jobs by 2022 and invest approximately $311,000 to lease 4,500 square feet of office space.
BlueBridge Digital was created to provide an easier, smarter way for businesses to harness the power of the mobile revolution. Founded in 2011 by Santiago Jaramillo in his dorm room, BlueBridge Digital is a pioneer in the field of Mobile Apps as a Service. They create customized, affordable, full-featured mobile apps that help organizations like universities, convention and visitors bureaus, churches, and more connect with their customers on a daily basis. This is the first time Bluebridge has been honored as one of the Companies to Watch.
Companies to Watch is an awards program that celebrates Indiana’s privately-held second-stage companies, those businesses that are past the startup phase, are considered to be established, and face issues of growth, not survival. The fifth annual Indiana Companies to Watch awards program will be held on August 20 in Indianapolis.
Companies to Watch firms must employ between six and 150 full-time equivalent employees, have between $750,000 and $100 million in annual revenue or working capital in place, and demonstrate the intent and capacity to grow based on employee or sales growth, exceptional entrepreneurial leadership, sustainable competitive advantage or other notable strengths.
Under the leadership of Lt. Governor Sue Ellspermann, the Indiana Office of Small Business and Entrepreneurship (OSBE) oversees the Indiana Small Business Development Center (ISBDC), the Procurement Technical Assistance Center (PTAC), and the Indiana Small Business Ombudsman. The OSBE staff helps grow the Indiana economy by assisting entrepreneurs and small businesses through programs and personal consultation. For more information on OSBE and to see how Indiana is “the state that works” for entrepreneurs visit www.osbe.in.gov.
About the ISBDC
As part of OSBE, the ten Indiana Small Business Development Centers (ISBDC) support the formation, growth, and sustainability of Indiana’s small businesses by providing entrepreneurs expert guidance and access to a network of resources. Funding for the regional ISBDCs comes from state universities, chambers of commerce, economic development offices, mayor offices, and banks. Statewide financial support is provided by U.S. Small Business Administration, the State of Indiana and Ivy Tech Community College. Administratively, the ISBDC Lead Center is operated by the Office of Small Business and Entrepreneurship (OSBE), an agency of the Office of Lt. Governor Sue Ellspermann. To learn more about the ISBDC and to become a client visit: http://isbdc.org.
About Indiana Companies to Watch
Indiana Companies to Watch is an awards program celebrating second-stage entrepreneurs presented by the Office of Small Business and Entrepreneurship, its Small Business Development Center, the Indiana Economic Development Corporation and endorsed by the Edward Lowe Foundation. Sponsors include the Barnes & Thornburg, Katz Sapper & Miller, Key Bank and Ivy Tech Corporate College.