In the 12 years since it was founded by entrepreneur and chemist Dr. Michael Crouch, TerraBase Inc. has developed a number of software systems designed to manage chemical and geographical data.
comes to the business with an impressive background: He
has 30 years experience in analyzing and managing environmental data and founded a laboratory that became one of the first to qualify for the Federal Contract Laboratory Program to analyze data from Superfund sites.
In 1990, he struck out on his own by founding TerraBase Inc.
"They can look at hundreds of megabytes of information over a normal modem," says Crouch
The information can be easily shared with select individuals such as engineers, consultants or lawyers.
"Whoever has permission can access all or part of the data, wherever they are, and that's a big deal," says Crouch
adds that while numerous companies provide scientific data management services, very few, if any, provide a Web-enabled application.
has carved out a niche in the environmental information management industry, which is clearly on the rise.
A recent study by Boston-based market research firm BTI Consulting Group Inc.
says the environmental management information systems industry will reach $6 billion by 2005 and is growing at 35% per year.
piece of the pie is relatively small, but Crouch
is confident his
company will grow along with the industry.
The company was recently valued at $25 million and he
expects to increase it's market value to $100 million over the next two years.
Early this year, TerraBase Inc.'s
growth prompted Crouch
to raise venture capital for the first time since the company was founded.
used the funds to move its software to the Web, build a data center, purchase the powerful servers that run TerraBase and begin an aggressive sales and marketing campaign.
says the company raised $2 million of it's $5 million goal.
"We're in the growth phase right now," says Crouch
As TerraBase Inc.
beefs up its offerings, it will be adding to its staff of 20 before the end of the year, says Crouch