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Razorsight CEO Charlie Thomas Named 2012 GAP 50 Top Entrepreneur by Center for Innovative Technology
RESTON, VA, Dec 18, 2012 (MARKETWIRE via COMTEX) --
Razorsight, the global leader in cloud-based analytics for
communications service providers, announced that CEO Charlie Thomas
has been named a winner of the Center for Innovative Technology 2012
GAP 50 Entrepreneur Award, a new statewide award program celebrating
Virginia's next generation of innovative entrepreneurs who create and
drive high-growth companies.
Steve Case, co-founder of AOL and current Chairman of Revolution LLC,
and Virginia Lieutenant Governor Bill Bolling presented the awards at
an awards banquet in Herndon, VA.
The CIT GAP 50 Entrepreneur Award selection used a peer voting
process in which entrepreneurs from around the Commonwealth select
the winners. Honorees for 2012 were selected from over 800
nominations and 272 finalists.
"As the crowning event of Virginia Governor Bob McDonnell's 'Year of
the Entrepreneur,' the award recognizes visionary industry leaders
whose accomplishments inspire their peers and enhance Virginia's
reputation as a premier hub of technology innovation," said Tom
Weithman, Managing Director of CIT GAP Funds, the driving force
behind the GAP 50 Entrepreneur Award.
"Winning the CIT GAP 50 Award is a very great honor for me personally
and for Razorsight," said Razorsight CEO Charlie Thomas. "It's
extremely rewarding to be recognized among a group of CEO peers that
epitomizes thought leadership, innovation and the entrepreneurial
spirit that drives growth and creates jobs in the U.S."
About Razorsight's Charlie Thomas
Charlie Thomas is CEO of
Razorsight, recently named by Frost & Sullivan as the global leader
in cloud-based analytics solutions for communications service
providers. Thomas has led Razorsight to strong growth including a #8
ranking on Deloitte's Virginia Fast 50 and a #114 ranking on
Deloitte's National Fast 500 list. He has secured over $30 million in
growth capital for Razorsight from leading institutional investors
Sierra Ventures and Georgian Partners. Prior to Razorsight, Thomas
co-founded, grew and sold 4 companies, and negotiated over $1 billion
in capital financings for his companies. Thomas has successfully
closed over 15 M&A transactions. He has personally invested in over
15 Washington, DC area start-ups, and he serves on several corporate
boards. He's an alumnus of the University of Virginia.
About Razorsight, www.razorsight.com
Razorsight provides cloud-based
financial assurance and predictive analytics solutions for
Communications Service Providers (CSP). Razorsight's
Software-as-a-Service (SaaS) acts as a stimulus to CSPs by driving
revenue growth and cost reduction. Razorsight's highly scalable,
web-based software is easy to install, requires no capital
investment, and has delivered millions of dollars in profitability
gains at industry leaders such as AT&T, Verizon, Telus, Comcast,
Cbeyond, CenturyLink, Windstream, T-Mobile, Telekomunikacja Polska
(TP Group), Tata, and IBM.
About CIT GAP Funds, www.citgapfunds.org
CIT GAP funds makes
seed-stage equity investments in Virginia-based technology, clean
tech and life science companies with a high potential for achieving
rapid growth and generating significant economic return for
entrepreneurs, co-investors and the Commonwealth of Virginia. CIT GAP
Funds investments are overseen by the CIT GAP Funds Investment
Advisory Board (IAB). This independent, third-party panel consists of
leading regional entrepreneurs, angel and strategic investors, and
venture capital funds such as: New Enterprise Associates, Rotech
Ventures, Valhalla Partners, Harbert Venture Partners, HIG Ventures,
Edison Ventures, In-Q-Tel, Intersouth Partners, SJF Ventures,
Carilion Clinic, Johnson & Johnson, General Electric and Alpha
Natural Resources.
About the Center for Innovative Technology, www.cit.org
CIT is a
nonprofit corporation that accelerates the next generation of
technology and technology companies. CIT creates new technology
companies through capital formation, market development and revenue
generation services. To facilitate national innovation leadership and
accelerate the rate of technology adoption, CIT creates partnerships
between innovative technology start-up companies and advanced
technology consumers. Its CAGE Code is 1UP71.
For Razorsight media inquiries, please contact:
Jim Crawford
Crawford PR
571-261-8230
Email Contact
For CIT media inquiries, please contact:
Hap Connors
CIT
703-689-3048
Email Contact
Stephanie Boucher
CIT
703-689-3064
Email Contact
SOURCE: Razorsight
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