New Vad LLC, DBA Vaddio

  • Article by: DICK YOUNGBLOOD , Star Tribune
  • Updated: November 18, 2010 - 8:45 PM

 

Business: Manufactures robotic video cameras and the elaborate control consoles that allow one person to command multiple cameras to pan, tilt and zoom in or out with the twist of a joystick.

Founded: 2003; sold in 2004 and refounded in 2007

Headquarters: New Hope

Website: www.vaddio.com

Executives: Owners Rob Sheeley, president and CEO; Tom Mingo, vice president of sales, and Steve Sullivan, chief financial officer

Employees: 52

2009 revenue: $21.3 million; on track to reach $28 million in 2010

Quote: "As technology becomes more and more a key factor, wage levels will become less important." -- Sheeley, talking about why products such as his can be manufactured profitably in the United States, rather than overseas.

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