Since winning first prize in the 2002 competition, Metalogix has not only been profitable but its market value has grown 44-fold.

Co-founders Julien Sellgren, Rasool Rayani, and Geordie Henderson entered the competition with a one-year-old company interested in creating software tools for migrating enterprise content to Microsoft’s content management and collaboration suite.

Today, the company is a Microsoft Gold Certified Partner. Its award-winning software, developed in Vancouver and Bratislava, Slovakia, enables organizations around the world to efficiently migrate, manage, and archive enterprise content on Microsoft SharePoint servers.

With $40 million in investment from organizations such as Bessemer Venture Partners and Insight Capital Partners, Metalogix expanded its business, purchasing H&S Software of Vienna, Austria which produces archiving software, and StoragePoint of Detroit, which produces storage management solutions.

In 2008, the company headquarters moved from Vancouver to Boston, with international headquarters in Switzerland. Metalogix has 75 employees and plans to hire an additional 20 to 30 this year.

Where are they now? 2009 second-prize winner Etalim Inc.