Colorado Companies to Watch spotlight: Cerapedics Inc.

Snapshot: Cerapedics is a medical device company that develops and commercializes bone graft products based on its proprietary small peptide technology for the spine, trauma and orthopaedic markets worldwide.

Leadership: Paul Mraz has been president and CEO since 2006. The Westminster company was founded in 2001. Revenues grew 127 percent last year and are projected to increase another 76 percent this year.

Work force: The company employed 20 workers in 2011. It expects to add two full-time workers and one part-time worker this year.

Pivotal moment: When Cerapedics was near bankruptcy in late 2006, a new management team and investors agreed to take the company in a new direction while preserving some involvement from the original founders. Since then, the company has raised more than $33 million, built a new facility and secured its first revenues.

Technological edge: Cerapedics has issued patents and has several pending that will continue to provide broad protection for its technologies.

Community: The company has a paid summer/winter college internship program for local undergraduate and graduate students.

Categories: Company Perspectives