Colorado bioscience industry awards best

Filed under: Uncategorized | Tags:

The Colorado Bioscience Association award winners exemplify the best of Colorado’s bioscience industry. This year’s winners were announced last month during the 2005 BioWest Conference in Denver.

The Rising Star Award

CellPoint of Englewood develops imaging and drug delivery systems for diagnosis, treatment and post therapy assessment of cancer, cardiovascular disease, infectious disease and metabolic diseases.

Company of the Year Award

Baxa Corp. of Englewood is the largest Colorado-owned medical device company. Employment growth at the company increased more than 33 percent last year.

Volunteer of the Year Award

Dr. Timothy Estep was recognized for serving as chairman of the CBSA’s Technology Transfer and Sponsored Research Committee for the past three years. His efforts increased coordination between Colorado’s research institutions and the bioscience sector.

Chairman’s Award

Hogan & Hartson won for providing pro bono legal assistance to CBSA and its predecessor organizations, the Colorado Biotechnology Association and the Colorado Medical Device Association.

Lifetime Achievement Award

Dr. Lynn Taussig, president of National Jewish Medical and Research Center and member of the Colorado BioScience Association board, was recognized for his leadership in health care, his work as an industry advocate and his mentoring of the CBSA.

The Colorado BioScience Association is a nonprofit corporation that supports the state’s growing biosciences industry. The association’s main office is in the Advance Colorado Center in Denver, with satellite offices at the Fitzsimons Bioscience Park and the Fort Collins Technology Incubator. Future plans call for a Colorado Springs satellite.

Springs Ambeo acquired

San Francisco-based Embarcadero Technologies Inc., a provider of data management solutions, has acquired Colorado Springs-based Ambeo Acquisition Corp.

Since 1997, Ambeo has provided performance management and data usage tracking solutions.

With the acquisition, Embarcadero is planning a “new generation” of data security solutions, according to a news release.

“Data security plays a vital role in protecting the privacy of sensitive information, detecting and preventing fraud and ensuring regulatory compliance,” said Stephen Wong, CEO of Embarcadero Technologies. “With heightened sensitivity to data and identity theft, data security represents a discipline of increasing importance to corporate data management professionals. Ambeo is a proven leader in the growing market for data security solutions.”

Ambeo solutions include a real-time software solution that audits and monitors all interactions between users and databases, a solution that audits, measures and benchmarks historical interactions between users and databases, and an appliance that promotes data privacy, regulatory compliance and usage management for databases.

“We are excited to be joining Embarcadero, a company that we have long admired for its outstanding reputation in delivering award-winning data management solutions to a broad customer base,” said Ken Richardson, president and CTO, Ambeo.

Agilent lays off 100 workers

Agilent Technologies announced in August that it would be laying off 1,300 employees nationwide starting the last quarter of 2005 and continuing through 2006 because of the company’s plans to divest its semi-conductor products segment, sell its stake in Lumileds and spin off the Automated Test Group’s System on a Chip and Memory Test business in 2006.

Agilent announced the previously determined layoffs this week. Colorado will lose about 100 Agilent jobs, the majority of them in Colorado Springs. Kelly Parthen, Agilent public affairs manager, said the company is releasing the statewide numbers only. The employees affected by the layoffs, primarily those in finance and information technology, will receive a severance package and outplacement training and assistance.

While orders for the fourth fiscal quarter were up 26 percent from a year ago, net earnings were $26 million, down from $74 million last year. Revenue during the quarter was $1.41 billion, 5 percent above last year.

FrontRange acquired

A former Colorado Springs-based company now headquartered in Dublin, Calif., FrontRange Solutions, which develops software solutions for companies like Coca-Cola, Shell Oil and Prudential Securities, was acquired by Francisco Partners, a technology-focused private equity fund, for $200 million.

Francisco Partners invests in private companies, public companies and divisions of public companies, with transaction values ranging from $30 million to $2 billion, according to a news release.

CTU recognized

Colorado Technical University has received the Center of Excellence award from the Information Systems Security Association. ISSA is recognizing the university for its contribution by way of education to the information security profession.

“Developing quality, industry-relevant programs that will enable our students to succeed in their careers continues to be our primary focus,” said Greg Mitchell, president of the Colorado Springs CTU campus.

Marylou Doehrman covers technology for the Colorado Springs Business Journal.