Geomagic wins Triangle Fast 50 award
RESEARCH TRIANGLE PARK, N.C., November 5, 2004 - Geomagic is among the 50 fastest-growing companies in the Triangle area of North Carolina, according to awards presented last night by Triangle Business Journal, PricewaterhouseCoopers and the Council for Entrepreneurial Development. The annual Fast 50 program recognizes private companies with the greatest revenue growth over a three-year period.
Founded in 1996, Geomagic creates products that enable designers and engineers to capture scan data from physical parts and create highly accurate digital models. The company’s products provide the software power for applications such as mass customization, digital reconstruction and redesign of physical parts, and computer-aided inspection.
“Our growth reflects how innovative technology can positively transform manufacturing processes,” says Ping Fu, president and CEO of Geomagic. “Over the last fiscal year we’ve increased product sales by 45 percent, expanded internationally, and more than doubled our worldwide staff in order to fulfill the needs of current and potential clients.”
Geomagic’s software is used by manufacturers worldwide – including Toyota, Harley-Davidson, Fisher-Price, Align and hundreds of others – for customizing products, automating processes, and increasing throughput.
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