Vela Systems, a developer of mobile field software for the AECO (architecture, engineering, contractor and owner) industry, today announced that it has been chosen by AlwaysOn as one of the Northeast 100 Top Private Companies. The first-annual Northeast 100 list was compiled by the AlwaysOn editorial panel. In order to be eligible for the list, companies in the Northeastern United States had to be creating new business opportunities in high-growth markets, demonstrating significant market traction and pursuing game-changing technology in a key sector. AlwaysOn received hundreds of nominations for this year’s list.
Vela Systems and the Northeast 100 Top Companies for 2008 will be honored at the AlwaysOn Venture Summit East to be held April 7 – April 9, 2008, at the Four Seasons Hotel in Boston, MA. Venture Summit East is a two-day gathering that highlights the significant economic, political and technology trends impacting the global growth investor. Venture Summit East features the most influential institutional investors, venture capitalists, corporate buyers, investment bankers and research analysts in the Eastern US in keynote presentations and panel debates. The idea behind the Northeast 100 companies list is to identify the most promising entrepreneurial opportunities and investments in the Northeast region’s technology industry.
“For the first annual elite Northeast 100 list we surveyed more than 500 venture investors, investment bankers, and technology insiders, who nominated hundreds of companies to determine the Northeast 100 winners,” said Tony Perkins, founder and editor, AlwaysOn Network. “Each of the Northeast 100 winners had to demonstrate leadership among their peers in the following areas: innovation, market opportunity, commercialization, media buzz, and stakeholder value creation. We congratulate them all on this great honor!”
Vela Systems’ mobile field software automates field processes in construction and has been used on more than 300 projects from Las Vegas to Dubai. It replaces the notebooks and tubes of drawings traditionally used on construction sites with specialized software installed on rugged Tablet PCs. Vela’s technology features a variety of modules for accomplishing specific construction tasks such as materials tracking, field repairs, punch lists and safety inspections. Customers save 10 hours per week per user, and speed project delivery by two days per month.
“Vela Systems is proud to have been selected as one of the Northeast’s Top 100 companies by AlwaysOn Network,” said Vela Systems’ CEO Tim Curran. “We’ve built our growth on helping AECO companies work faster, collaborate easier and finish sooner. And as we move into what may be a difficult economy, we believe that message will resonate even stronger with the industry and our customers, laying the foundation for Vela’s continued expansion.”
About Vela Systems, Inc.
Vela Systems is The Leader in Field Software for the AECO Industry™. Vela Systems software streamlines and accelerates all field processes in construction and capital projects. By replacing their field notebooks with Vela software and Tablet PCs, Vela’s customers save 5-10 hours per week per user, accelerate project delivery by two days per month, capture the true Cost of Quality™ and reduce litigation risk through standardized documentation. Vela’s suite of modules includes field reports, safety inspections, work lists, punch lists, schedule updates and many other critical field activities. Industry leading architects, engineers, contractors and owners agree that Vela Systems helps them Work Faster, Collaborate Easier, and Finish Sooner™. To see how Vela’s customers are improving construction delivery from Las Vegas to Dubai, please visit www.velasystems.com or call 888.VELA.SYS.
About The AlwaysOn Venture Summit East
Venture Summit East is a two-day gathering that highlights the significant economic, political and technology trends impacting the global growth investor. Venture Summit East features the most influential institutional investors, venture capitalists, corporate buyers, investment bankers and research analysts in the Eastern US in keynote presentations and panel debates. The goal of Venture Summit East is to match growth-company buyers and sellers and identify the most promising innovation-driven, growth investment opportunities.
About AlwaysOn
AlwaysOn ignited the open-media revolution in early 2003 by being the first media brand to launch a global blog network. In 2004, AlwaysOn continued to lead the media industry in innovation by introducing a social network where members can connect and engage. AlwaysOn is also revolutionizing the media business by applying its open-media principles to its executive event series (Stanford Summit, AlwaysOn Hollywood, AlwaysOn Media and GoingGreen) and quarterly print “blogozine” by empowering its members to post and share their ideas and meet each other online. As our loyal readers know, AlwaysOn is committed to the free-market, merit-driven approach to reporting and event programming. No other media brand has dared to create such open interaction with its readers and event participants.
