By Jon Zemke, Concentrate, October 10, 2012
Coherix is growing sales and staff, and is currently eyeing an even bigger payday in the near future.
The 8-year-old Ann Arbor-based tech start-up has hired 20 people over the last year and is looking to add another 10 employees in software programing and sales. Its staff currently stands at 43 employees and three interns after the firm doubled its sales over the last year.
“We’re on a path to double our revenue growth over the next year,” says Dwight Carlson, chairman & CEO of Coherix. “We’re looking at an initial public offering in 2014.”
Coherix creates high-speed, high-definition 3D visualization and inspection software designed to improve the management of manufacturing processes. Its high-tech optical-based measurement and inspection products help find efficiencies in the automotive and semiconductor industries.
The company originally set up shop in southeast Michigan because of the region’s high concentration of manufacturing. Today with the global shift in manufacturing eastward, about 70 percent of Coherix’s customers are in Asia, and that’s with the boost in manufacturing in Michigan thanks to the rebounding automotive industry.
“Coherix China will be the biggest Coherix operation in five years,” Carlson says.