August 3, 2010 Durham, NC -- TheraSim, Inc., the leading medical simulation-training company, 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 represent growth-stage entrepreneurial companies that demonstrate high performance in the marketplace, exhibit innovative products or display other unique qualities that make them worth watching.
We are pleased and honored to be recognized by the CED, said TheraSim CEO David Hadden. Our company has a unique approach to training and assessing the performance of healthcare professionals. Our strong commitment to knowledge and innovation leads us to develop products and solutions that greatly reduce variability and medical error.
TheraSim’s products are widely used for clinician training in a variety of settings including hospitals, universities, clinical trial sites, and clinical sites all over the world. TheraSim has conducted over 525,000 simulations for 150,000 clinicians in over 180 countries.
TheraSim 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.
TheraSim exemplifies the innovation and entrepreneurial spirit that leads 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 economy. TheraSim is certainly worthy of watching, and we look forward to seeing continued growth and achievement.
The North Carolina Companies to Watch 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.
North Carolina Companies to Watch is presented in partnership with the Edward Lowe Foundation and is made possible through the support of title sponsors Cherry Bekaert & Holland and Wyrick Robbins Yates & Ponton. This new program, which will become an annual event, recognizes the impact that growth-stage, or second-stage, entrepreneurial companies make on the marketplace and on the economy. This year’s 25 winners will be honored at an awards ceremony September 23rd at the Raleigh Marriott City Center.
Additional sponsors for North Carolina Companies to Watch are Hosted Solutions, Blue Cross and Blue Shield of North Carolina, Business Wire, Clean Design, Cisco, Hughes Pittman & Gupton, Forma Design, Financial Directions, First Citizens Bank, Monaghan Group, First Bank, Ernst & Young, Capitol Broadcasting Corporation, The Research Triangle Park, v4 Production Group and Progress Energy. Other partner organizations include: Business Innovation & Growth (BIG), the North Carolina Biotechnology Center, the North Carolina Board of Science and Technology, the North Carolina Chamber of Commerce, the North Carolina Rural Economic Development Center, the North Carolina Technology Association (NCTA) and the Small Business and Technology Development Center (SBTDC).
ABOUT THERASIM:
TheraSim, Inc. is a leading online medical simulation-training company. TheraSim online patient simulation products are improving patient lives through better support of healthcare professionals. Over 150,000 healthcare professionals and students in over 180 countries have used TheraSim to rapidly assimilate new medical information and improve clinical competency. TheraSim’s products are widely-used in continuing medical education, universities, in support of global health initiatives, and in clinical trials. The software provides a rich interactive patient simulation experience that greatly reduces variability in a clinical decision-making. Like a flight simulator for clinicians, TheraSim is the future of medical training. Visit www.therasim.com for more information.
ABOUT CED: 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. CED has helped entrepreneurs, investors, service partners, researchers and public policy makers in diverse emerging industries and at all stages of development; from high-tech, production-based organizations to service companies, from one-person start-ups to 1000-person businesses. Visit www.cednc.org for more information.
About Companies to Watch: 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.
About TheraSim© , Inc.
TheraSim, Inc. is dedicated to improving patient lives through better support of healthcare professionals with state of the art software tools and services. TheraSim reduces the variability in the delivery of medical treatment and enables healthcare professionals to more rapidly assimilate new medical information and make more effective clinical decisions.
Forward-Looking Statements
This press release may include “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those contained in the forward-looking statements in this press release. TheraSim, Inc., undertakes no obligation and does not intend to update forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
For more information, please contact: TheraSim TheraSim, Inc. Durham Centre Tower 300 W. Morgan Street, Suite 510 Durham, NC 27701 Phone: (919) 321-2708 www.therasim.com info@therasim.com
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