GlobalSpec.com named "Promising New Enterprise"Web site company recognized for growth and innovation by software consortiumGlobalSpec.com was tapped for this honor by New York State's Capital Region Software Alliance (CRSA) because of its rapid expansion after it secured $20 million in backing from E.M. Warburg, Pincus, and Co., LLC, one of the country's largest and most successful venture capital firms. The company, led by CEO Barbara Chilson (formerly of W.W. Grainger) and Founder/President John Schneiter, has seen dynamic changes over the past six months including staff growth from 6 to 80 employees. It is also on target to triple its revenue from last year. Those two factors, in conjunction with the innovation of its site, helped it to land the "Promising New Enterprise" award. The GlobalSpec.com web site allows engineers and other technical buyers to zero in on products they need by searching the world's largest online engineering database by specification and performance parameters. GlobalSpec.com includes more than 9 million product specifications from the world's leading suppliers in more than 200 technical product categories. A free service to those who search with it, GlobalSpec.com is visited by hundreds of thousands of engineers and technical buyers. Its key strategic alliances include Sensors Magazine, Autodesk and National Instruments. Because it helps to shorten the design cycle by making it easy to find components and products that will do a particular job, GlobalSpec.com has also been linked to the Intranets of many Fortune 1000 companies |
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