Colorado small businesses are less likely to change health insurers for the upcoming year, even as they anticipate continued price increases, according to the second-annual Delta Dental of Colorado Small Business Survey.
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CloudMonkey LLC, doing business as CloudMonkey Mobile, will operate as a wholly owned subsidiary of Boulder-based Gorilla Logic, with Gorilla Logic co-founder Stu Stern serving as chief executive of both companies.
The new company provides software that automates functional testing of mobile apps, making sure they work according to specifications. The core function of Gorilla Logic, founded in 2002, has traditionally been to work with mobile app designers and provide engineering work to build things like user interfaces and backend systems. Gorilla Logic also provides staffing services for companies looking for contract or permanent engineers.
Stern said separating the two core missions will result in better products and services for both companies. Gorilla Logic began developing testing tools in 2009 as a way to help with its own needs.
“It’s really a different business being a software product company versus a consulting firm,” Stern said Tuesday.
Stern said Gorilla Logic pulled in 2013 revenue of about $12.2 million, including the testing tools business. That marked a 17 percent increase compared with 2012.
Both companies are headquartered on the third floor of 1500 Pearl St., where they recently leased additional space. Gorilla Logic also has offices in New York, San Jose, Costa Rica and India. The two companies combined employ 100 people, mostly in Colorado as several work remotely along the Front Range. Stern said he anticipates adding about 20 more this year, mostly in Colorado as well.
Stern co-founded Gorilla Logic with Ed Schwarz, who is also an executive with the company and based in New York. The business has grown without outside investment. Stern said it’s conceivable that they might want to raise outside capital to help drive the CloudMonkey business, which was another reason for splitting the companies.