ALBUQUERQUE, N.M. — New Mexico’s Flying 40 technology champs soared to new heights this year, collectively generating nearly $1 billion in revenue and providing high-wage jobs for almost 5,000 people.
Their joint achievements demonstrate the ability of homegrown New Mexico companies to build solid, lasting foundations in technology industries, said John Freisinger, former president and CEO of Technology Ventures Corp., which hosts the annual Flying 40 awards, now in its 20th year. The companies on this year’s list have managed to navigate their way out of the last recession and into new, robust growth cycles with innovative products and services that shine in the face of competition and chronic market volatility, Freisinger said.
“Five to seven years ago, most of these companies were facing flat or negative growth from the recession, but now most of them are expanding in the double digits, and some in triple digits,” he said. “Many have appeared on the Flying 40 list every year. It shows their ability to grow and thrive right here in New Mexico.”
Some newer startups as well achieved prominent spots on this year’s list, reflecting the vibrant startup economy emerging in New Mexico.