Honorlock is one of the finalists leading the way in revenue and job growth in Florida
BOCA RATON, Fla. (August 19, 2021) – Honorlock, an authentication and academic integrity platform based in Boca Raton, is pleased to have been selected as a 2021 GrowFL Florida Companies to Watch Finalist. The awards program – now in its eleventh year – honors impressive second-stage companies from throughout the state for developing valuable products and services, creating quality jobs, enriching communities, and broadening new industries throughout Florida.
The 11th Annual GrowFL Florida Companies to Watch Awards Celebration is brought to you by Nperspective CFO & Strategic Services, in association with the Edward Lowe Foundation.
Together, the 11th Annual GrowFL Florida Companies to Watch Finalists represent nearly 2,300 jobs and generate over $499 million in revenue. These companies, all of which are “worth watching,” anticipate a growth of 64 percent in revenue and 39 percent in employment by the end of 2021.
“We are grateful to be recognized as a company to watch by GrowFL,” states Michael Hemlepp, Honorlock CEO. “This year has highlighted an existing need for remote proctoring that honors and supports the test-taker experience while protecting the integrity of learning institutions. We appreciate all the support we have had from the Florida community and are excited to help grow the educational technology sector.”
The finalists were selected from close to 300 nominations across the state and are now in the running to be named a GrowFL Florida Companies to Watch Honoree. If selected as an Honoree, these exemplary second-stage companies will join the 500 second-stage companies across the state that have been recognized since 2011.
“We applaud these first-round finalists who have proved themselves to be stand-out companies in the state. These business owners demonstrate the resiliency and tenacity that goes hand in hand with being an entrepreneur. There is no doubt these business owners have been challenged over the past year, but their perseverance and ability to innovate has been admirable. We are excited to again recognize the outstanding businesses who continue to make a significant impact on Florida’s economy,” says Dr. Tom O’Neal, GrowFL Founder.
The Finalists represent a unique group of scalable, high-growth enterprises that are already located within Florida. These high-growth enterprises are an important segment of our economy and their numbers have been steadily increasing. According to the Kauffman Foundation, “entrepreneurship is not a monolithic phenomenon, and it includes many moving parts. Creating new businesses is a different economic activity from running small businesses, which in turn is different from growing businesses.” GrowFL Florida Companies to Watch recognizes the different approach needed to successfully grow and scale a business and celebrates those that are working to achieve this goal.
Companies to Watch was developed by the Edward Lowe Foundation as a unique way to recognize and honor second-stage companies that demonstrate high performance in the marketplace with innovative strategies and processes. In addition to evaluating past growth and projected success, applicant companies are judged according to their special strengths and impact in their markets, communities and within the state – thus deeming them “worth watching.”
The Honorees for this year’s award will be announced in October. The 11th Annual GrowFL Florida Companies to Watch awards celebration will take place on February 17, 2022, at Hard Rock Live, Universal City Walk, Orlando, FL.
About Honorlock:Honorlock is revolutionizing the way academic and enterprise institutions enable equity in online courses and exams. Our purpose is to uphold honesty and integrity. We focus on reaffirming the trust we have in students while assuring integrity for the institution, each instructor’s knowledge and value, and the exams themselves.
GrowFL is dedicated to support and accelerate the growth of second-stage companies throughout Florida, by providing their leaders focused, efficient, and timely access to resources they deem important, such as connections with other second-stage company leaders, and to professional organizations whose expertise, experience, and products lead to the second-stage company’s continued growth and prosperity resulting in diversification and growth of Florida’s economy. Second-stage growth companies have at least 6 employees and $750,000 in revenue and possess an intent and desire to grow beyond second-stage. Website: https://www.growfl.com
About the Edward Lowe Foundation:
The Edward Lowe Foundation was established in 1985 by Ed and Darlene Lowe to leverage entrepreneurship as a strategy for economic growth and community development. The foundation’s entrepreneurship initiatives focus on second-stage companies, which are growth-oriented firms that have moved beyond startup but have not yet reached maturity. Its peer learning, leadership education, and strategic information programs are geared to help these companies continue growing. For more information, visit www.EdwardLowe.org.