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Posted on Mon, Oct 15, 2012 : 10:01 a.m.

Tech startup Coherix doubles in size, looking at 2014 IPO

By Ben Freed

Ann Arbor-based automotive technology startup Coherix nearly doubled in size over the last year, hiring 20 people and bringing its total number of employees to 43 according to a report from Concentrate Magazine.

Coherix, founded in 2004, creates software which can help manage the manufacturing process for the automotive industry and semiconductors. The company was founded in southeast Michigan due to the high level of automotive manufacturing activity in the area, but recently has been focusing more attention to Asia. According to Concentrate, about 70 percent of the company’s current customers are across the Pacific Ocean.

The startup is not done growing, looking to add another 10 software programmers and salespeople to help keep up with sales growth - which doubled last year. Chairman and CEO Dwight Carlson said the company is looking to hold an initial public offering in 2014.

Click here to read the full report.

Ben Freed covers business for Reach him at 734-623-2528 or email him at Follow him on twitter @BFreedinA2