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Two Pensacola-area companies named to Florida Companies to Watch list

The FloridaWest Economic Development Alliance recently announced that two local companies have been named to the annual Florida Companies to Watch℠ list.

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Technical Software Services, Inc. (TECHSOFT) and Intelligent Retinal Imaging Systems (IRIS) are among 50 statewide companies expected to see significant growth over the next several years. Both Pensacola companies were selected from more than 500 nominees for Florida Companies to Watch℠, a statewide program managed by economic development group GrowFL in association with the Edward Lowe Foundation.

TECHSOFT’s and IRIS’ management teams, competitive market positions, and strong community involvement were among several factors that put them in contention for the award.

“These stand-out companies are all led by entrepreneurs, and have demonstrated their capacity and intent to grow,” said Dr. Tom O’Neal, executive director of the Florida Economic Gardening Institute. “They also all have critical intellectual property or a niche position that gives them a competitive edge in their markets,” he said.

Second-stage companies are defined as those with six to 99 full-time employees and between $750,000 and $50 million in annual revenue. The 50 companies named to the 2015 Florida Companies to Watch generated a total of more than $1.2 billion in revenue and added nearly 1,000 employees between 2011 and 2014.

“We’re proud to represent Northwest Florida as a thriving, innovative company in the Greater Pensacola community,” said TECHSOFT President Bob David. Through these recognitions of success, TECHSOFT and IRIS are helping to keep Pensacola and Northwest Florida in-step with the pulse of national competition.

“Having high-tech companies grow in the Greater Pensacola region speaks volumes to the entrepreneur-friendly climate of our community,” said Scott Luth, CEO of FloridaWest EDA. “We are an emerging tech-hub for companies looking to grow and flourish, and companies like TECHSOFT and IRIS are prime examples of our region’s successes.”

The two companies join an elite list of Greater Pensacola-based previous winners including, IMS ExpertServices, Avalex Technologies, H2 Performance Consulting, Hixardt Technologies, Compass Solar Energy, Actigraph, Global Business Solutions, Inc., Overgroup Consulting, and Custom Control Solutions. TECHSOFT, IRIS and other winners from around the state will be honored at an Awards Gala in November at Hard Rock Live! Universal CityWalk in Orlando.