Edit ModuleShow Tags

Colorado Companies to Watch spotlight: Tensentric


Published:

www.tensentric.com

Snapshot: Tensentric’s engineers provide design, development and prototyping services for the medical device, in-vitro diagnostic and life sciences industries.

Leadership: Wade Lukianow is president and CEO. He and COO Jeff Gentry founded Tensentric in 2009.

Work force: Tensentric has grown from 10 employees in 2009 to 32 at the end of last year. It is projecting an increase to 38 employees this year.

Pivotal moment: Lukianow and Gentry founded the company after watching how, in this highly regulated environment, product development took too long and was prone to costly redesign. This problem plagued OEMs and contract designers alike. The two sought to provide a more satisfying client experience by implementing several novel "Phase Zero" techniques and refining processes. They sought to build a team comprised only of world-class, experienced people. Subsequently, Tensentric was awarded contracts with Top 20 medical device companies.

Business model: Tensentric develops products for clients on an outsourcing basis. Its competitive advantages, the company says, lie in the quality of its engineering and project-management staff.

Market: Tensentric’s clients are typically large multinational companies that directly market products to the life science market and for diagnosing, treating and monitoring patients. Tensentric also assists well-capitalized startup companies in their goals to rapidly introduce their products while meeting the industry’s significant regulatory constraints.

Growth curve: Tensentric’s revenues skyrocketed 297 percent in 2010 and rose another 31 percent last year. The company is projecting a 30 percent revenue increase this year.

Edit Module
the staff of ColoradoBiz

Get more of our current issue | Subscribe to the magazine | Get our Free e-newsletter

Edit ModuleShow Tags

Archive »Related Articles

How the way you think can sabotage your success

A negative pattern of thinking and decision-making keeps a lot of us complacent, and stuck ― not to mention unfulfilled and less successful than we want to be.

Celebrating 529 plans on National College Savings Day

As the school year begins to end for some and National College Savings Day (5/29) fast approaching, now may be an opportune time to start thinking about college – particularly 529 college savings plans.

How Denver's Tejon Street came back to life

Over the years, Tejon Street went from a thriving streetcar hub with commercial centers and residences to a neglected neighborhood. But in the last decade, with about $100 million invested in the corridor, Tejon has bounced back.
Edit ModuleShow Tags

Thanks for contributing to our community-- please keep your comments in good taste and appropriate for our business professional readers.

Add your comment: