The region saw growth for existing companies, and new ones announce their arrival. Local companies acquired and were acquired while others expanded their workforces.
Business leaders across the tech and entrepreneurial-startup sectors were pleased with their growth in 2022, while many said it outpaced their expectations.
But it wasn't just the giants in their respective industries that received outside attention this year, Vizergy, Emtec, Finaxct and OnPay Solutions were either acquired or received a majority investment from a capital fund. But as companies look for funding in 2023, local experts said venture funds and private equity will be focused on businesses that can succeed while implementing cost reduction strategies to move revenue, expenses and valuations closer in line.
But it isn't just money moving around on the First Coast, workers and employees were also on the rise. In cybersecurity, Jacksonville-based OnDefend, Tauruseer and Quadrant Information Security all experienced growth, with some like OnDefend that doubled their staff size this year.
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