STARKVILLE, MS, – 21 January 2020– Camgian Microsystems Corporation announced today that it closed a record year in 2019. Driven by growth in its defense and financial technologies businesses, the company achieved record annual revenue and secured its largest-ever year-end contract backlog. This included the organic expansion of its alternative data products in the financial technology sector and the launch of a new data distribution and analytics platform, Egburt AlphaX®. Additionally in 2019, the company grew its workforce in Mississippi and Alabama achieving a record employee base comprising AI, software, hardware, and production engineering personnel. This expansion included the opening of the company’s new Center for AI and Machine Learning in Tuscaloosa, Alabama and the establishment of a new team dedicated to the development of advanced AI and machine learning technologies supporting its core product lines and research in defense and finance.
“Building on the momentum of a strong 2019, we will continue to focus on growing product adoption and sales and are excited about the opportunities to expand our business, workforce and product offerings in 2020,” says Gary D. Butler, Chairman and CEO of Camgian.
Camgian is an award-winning developer of advanced sensing systems and technologies that deliver real-time, actionable intelligence. Leveraging innovations in the areas of sensors, signal processing, and artificial intelligence, Camgian is pioneering a new generation of intelligent applications that address key needs in the financial and national security markets.
Camgian has been named by Inc. Magazine as one of the fastest-growing private companies in the US, Entrepreneur Magazine as one of the most entrepreneurial companies in America and Compass Intelligence as one of the world’s top companies in IoT innovation and execution. Moreover, ABI Research featured Camgian in their 2015 Hot Tech Innovators report, which identified the company as one of the world’s top tech start-ups for their pioneering work in IoT and edge computing. In their 2016 market report Fog Computing in IoT, Machina Research identified Camgian as one of the innovative IoT startups and notable companies pioneering fog computing. In 2017 Camgian was named a Gartner “Cool Vendor” in IoT Edge Computing and the Industrial IoT Company of the Year in the 6th Annual Compass Intelligence Awards, which annually identifies the world’s best in mobile, software, IoT, AI, augmented reality and connected products.