Pixel Velocity speeding toward 100 percent growth, adding 8 new people

Wednesday, September 24, 2008 | Source: Concentrate

Seven years ago Pixel Velocity started with two people, Eric Sieczka and Dave McCubbery. Today they are the bosses of 25 employees at the Ann Arbor-based firm. The company creates high-speed digital image processing products for the surveillance and medical imaging markets.

Pixel Velocity grew incrementally at first, conducting research for its first five years. By 2006 it was ready to commercialize its product with $5 million in start-up capital and another $1.5 million grant from Michigan's 21st Century Job Fund.

"Up until that point we had half a dozen people," says Sieczka, president and CEO of Pixel Velocity. "Each year since then we have hired about eight people, including 7-9 people this year. We're growing pretty fast."

Sieczka expects his company to continue that growth for the foreseeable future. The firm's revenue is expected to jump another 100 percent while its employee base goes up another 30 percent.

"We're going to grow pretty dramatically," Sieczka says.

He points out that its surveillance market will continue to grow in this Post 9-11 world. So will its medical imaging market, where Pixel Velocity's technology specializes in creating images of the heart.

"They're both pretty important," Sieczka says.

Source: Eric Sieczka, president and CEO of Pixel Velocity
Writer: Jon Zemke

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Pixel Velocity
3917 Research Park Drive, Suite B7
Ann Arbor, Michigan 48108 Website

Growing from two to twenty-five employees in seven years is pretty impressive. It's even more impressive when your product's only be in the market place for two of those years. Ann Arbor-based Pixel Velocity specializes in high-speed digital image ...