PACT, Ben Franklin Northeastern PA honor top entrepreneurs

Tom Paine


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Two of the area's most prestigious tech associations held their awards banquets last week.

On Thursday evening, May 9, PACT (The Greater Philadelphia Alliance for Capital and Technologies) held its 20th Annual Enterprise Awards. The event was held at a new venue this year, the Valley Forge Casino, intended to provide a bit more of a "red carpet" atmosphere (though hopefully it didn't lead to any startups wagering away their VC funds).

The IT winners of Enterprise Awards this year were:

· Technology Startup Company: ThingWorx
· Emerging Technology Company: InstaMed
· Investment Deal of the Year: Liquent
· IT Innovator Award of Excellence: Relay Network
· Technology CEO of the Year: Tim Wallace, iPipeline
· Technology Company of the Year: Quintiq

Comcast Executive VP David L. Cohen was named Legend Award Honoree.

You can see all the finalists here.


Also, on the evening of May 7, Ben Franklin Technology Partners of Northeastern Pennsylvania held its annual i xchange at Zoellner Arts Center at Lehigh University, with some 550 attendees present.

Award winners included Ed J. Coringrato Jr (Entrepreneurial Achievement), CEO of CyOptics, the Breinigsville optoelectronics maker for the telecom industry that was recently acquired by Avago Technologies Limited for $400 million. Also honored was Anthony J. Salvaggio (Incubator Graduate), President of ComputerAid Inc., Allentown. The IT consulting firm, which started with two employees in the early 1980s, now has more than 3,000 full-time associates.

Michael Whitman, President & CEO, Micro Interventional Devices, Langhorne, was honored for product innovation. Started out of Ben Franklin TechVentures in 2010, Micro Interventional Devices developed a minimally invasive product for use in heart valve repair and replacement procedures.



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