Subscribe for 33¢ / day

OneEvent Technologies, a Mount Horeb company that wants to change the nature of home and business alarm systems, is the Madison area’s “Most Innovative Company.”

At least, that’s according to the 110 people who attended the nex7 pitch contest held by the Greater Madison Chamber of Commerce on Wednesday night at the Madison Museum of Contemporary Art.

OneEvent drew the audience’s top votes for its technology that monitors a building for a range of measures, from potential fires to intruders to energy use, and sends the data to a cellphone app.

“The oneEvent team is thrilled,” co-founder and CEO Kurt Wedig said in an email.

OneEvent vice president Jim Zirbel made the presentation, saying the idea of the company is to prevent emergencies, not to wait until they happen and then respond.

OneEvent has the equivalent of 13 full-time employees.

Earlier this month, oneEvent collaborated with the Fire Safety Center of the Chippewa Valley Technical College in Eau Claire, building a one-bedroom apartment and then starting fires in it. The goal: to generate data about fires for use in developing oneEvent’s software.

Wedig and co-founder Daniel Parent say the company’s data will give critical information to firefighters and will help the insurance industry better assess claims, and reduce the severity of future claims.

Seven companies were finalists for the Most Innovative Company (MIC) award — the first time the Greater Madison Chamber has offered the prize or held the nex7 event.

Other finalists were: AkitaBox, with facilities maintenance software; Bendyworks, which builds online and mobile apps; Forward Health Group, with software for population health management; GigBlender, whose software matches employers with job seekers; Operation Fresh Start, which helps place youths in education and work training programs; and Solomo Technology, with marketing analytics for companies.

The finalists were chosen as part of the Greater Madison Chamber’s neXXpo event at the Forward Festival in August.

The goal of the MIC award competition is to highlight and support some of the innovative companies in the Madison area, said Chamber president Zach Brandon.

“The 35 companies of all sectors and sizes who first entered the competition at neXXpo are solving big problems, engaging in the community as well as their business and have chosen Greater Madison as the ideal place to grow and to make a difference,” Brandon said in an email.

Investors eye more funding for RevolutionEHR

RevolutionEHR and its parent company, Rev360, are banking more funds from an investor group.

Just a couple of weeks after wrapping up $45 million in funding — most of which came through in 2014 — the group of as many as two dozen investors came through with another $13.3 million for the Madison company, according to documents filed with the U.S. Securities and Exchange Commission.

RevolutionEHR makes software for use by eye doctors, and Rev360 offers back-office services to RevolutionEHR’s clients.

The company is based in Madison, but its 175 employees are scattered around the country.

SHINE lands more federal funds

SHINE Medical Technologies says it has received another $10 million from the U.S. Department of Energy’s National Nuclear Security Administration.

SHINE, which started in Monona, is building a plant in Janesville that will make molybdenum-99, a radioisotope that decays into technetium-99m, a widely used diagnostic imaging agent.

The latest funding brings the total value of the agreement to $50 million, with $25 million from the federal agency. It will be used to advance the design and construction of the Janesville plant, SHINE said.

Contact Judy Newman at jdnewman@madison.com with tips and story suggestions.

0
0
0
0
0

Judy Newman is a business reporter for the Wisconsin State Journal.