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Seven Corners Honored as One of the 2010 Indiana Companies to Watch
INDIANAPOLIS, IN -- July 16, 2010 -- Seven Corners, Inc. has been recognized as one of the 2010 Indiana Companies to Watch, an awards program presented by the Indiana Economic Development Corporation, its Small Business Development Center network, Purdue University and the Edward Lowe Foundation. Forty-one companies from Indiana will be honored as outstanding second-stage companies during the third annual Indiana Companies to Watch awards program, held on Aug. 26, 2010 in Indianapolis.
Companies to Watch is an awards program that celebrates Indiana privately held second-stage companies, typically those businesses that are past the startup phase, are considered to be established, and face issues of growth, not survival.
Companies honored range from traditional businesses involved in manufacturing, financial services and retail trade to high-tech companies working in the life sciences, information technology, telecommunications, and aerospace industries.
About Seven Corners
Seven Corners serves the travel and travel health insurance needs of leisure, student, business, government and missionary and volunteer travelers. It offers an extensive selection of international medical and travel insurance policies to U.S citizens traveling overseas or foreign nationals visiting the United States. Seven Corners has thousands of policy holders and a worldwide network of 30,000 agents. The company created and maintains the industry's most comprehensive network of international health care providers that includes thousands of doctors, pharmacies and hospitals around the globe. Seven Corners is a member of the United States Travel Insurance Association, is GSA certified and is currently pursuing a SAS 70 Type II compliant designation. In addition to travel medical insurance, Seven Corners also offers health care administration to the government sector. The company is privately held and headquartered just north of Indianapolis in Carmel, IN. For more information about Seven Corners please call 800-335-0611 or visit www.sevencorners.com.About Indiana Companies to Watch
Companies to Watch firms must employ between six and 150 full-time equivalent employees, have between $750,000 and $100 million in annual revenue or working capital in place, and demonstrate the intent and capacity to grow based on employee or sales growth, exceptional entrepreneurial leadership, sustainable competitive advantage or other notable strengths.This year more than 300 Indiana companies were nominated for the Companies to Watch program. The number of applicants was narrowed to 141 businesses. From that pool, 100 finalists were selected, and 41 companies emerged to become the 2010 Indiana Companies to Watch.
This awards program is unique because of its focus on second-stage companies. The impact of these companies on Indiana's economy is immense. During 2006-2008 Indiana's resident companies averaged more than 33,000 second-stage establishments according to YourEconomy.org, an online resource of the Edward Lowe Foundation. Those second-stage companies employed more than 784,000 workers.
Looking at the contributions of these companies from a different perspective, from 2006-2008 only 9.5 percent of Indiana's resident establishments were in the second-stage category, however, they generated nearly 37.1 percent of net new jobs.
Indiana Companies to Watch is a collaboration among the Indiana Economic Development Corp., through its Small Business Development Center Network, Purdue University and the Edward Lowe Foundation.
This program would not be possible without the generous support of Premier Capital Corporation as well as Barnes & Thornburg LLP, Katz, Sapper & Miller, KeyBank and Ivy Tech Community College. The program is also supported by media sponsors BizVoice magazine and Inside Indiana Business.
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