Critical Signal Technologies hit some significant milestones last year. The Farmington Hills-based business notched 13 percent organic growth and hired 23 people, expanding its staff to 119 and three interns. The biggest milestone concerned the 6-year-old company's bottom line.
"It was a significant turning point for our young company," says Jeffery Prough, CEO of Critical Signal Technologies
. "We became cash-flow positive in 2011."
Critical Signal Technologies provides home-monitoring and security technology and services that allows people with failing health to continue to enjoy their home lives. Prough was inspired to start the business after watching his father spend many of the final years of his life in hospitals. Had today's technologies been available then he could have maximized his time with family and friends.
Critical Signal Technologies expects to keep growing as the population continues to age and people try to avoid unnecessary hospitalization to maximize family time and save money. Those are big reasons why Critical Signal Technologies made the Michigan 50 Companies to Watch list
. Prough expects to keep hiring as his company continues to grow. His latest hires are in the IT, technology and business development departments of his business.
"These are all career jobs," Prough says. "These are all opportunities for people to make at least $35,000 per year."
Source: Jeffery Prough, CEO of Critical Signal Technologies
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.