Diamond Data Systems of Mississippi Graduates from MsET Business Incubator, But Has Big Plans to Remain at Stennis Space Center

Stennis Space Center, MS — The Mississippi Enterprise for Technology (MsET) once again successfully graduated a tenant company from its Business Incubator at Stennis Space Center. Diamond Data Systems of Mississippi stepped out on its own this month after residing as an incubator company since 2003.

The company\’s basis for graduation is that its funding level grew to more than $1 million annually. After only 3 years as an incubator company, Diamond Data Systems of Mississippi Director Keith Alphonso said that the company\’s success is due in large part to the incubator\’s support.

“It is very helpful to be located at Stennis during these early years. We are local to our Navy customers and the incubator has provided a great cost savings to us,” Alphonso said.

He also indicated that simply being affiliated with the MsET Business Incubator has been an asset to the company\’s success.

“The relationships we\’ve developed with other MsET and Stennis companies has been a factor in the additional contracts Diamond Data Systems has won since locating to Stennis Space Center,” he said.

Diamond Data Systems of Mississippi is a subsidiary of Diamond Data Systems of New Orleans. The 10-person company opened in Mississippi as an Information Technology company specializing in meteorology and oceanography. The company has contracts providing web-based data integration work to the Commander, Naval Meteorology and Oceanography Command (CNMOC) and the Naval Oceanographic Office (NAVO), both located at Stennis.

One lucrative contract Diamond Data Systems secured since becoming an MsET Business Incubator tenant is supporting the Oceanographic Enterprise Portal for CNMOC. For the past 2 years, the company has consolidated meteorlogic and oceanographic data from more than 50 web sites into one portal environment. Alphonso said this one contract has been instrumental in elevating Diamond Data Systems\’ annual funding above the $1 million mark.

Now that Diamond Data Systems has graduated, the company will remain on-site at Stennis as an MsET tenant. The location to its clients and the business relationships remain a large factor for doing business at Stennis.

“We see a positive future for Diamond Data Systems in Mississippi,” Alphonso said. “We plan to use Stennis Space Center as an anchor point to grow the company nationwide.”

The goal of the MsET Business Incubator is to provide 3 years of service to high-tech, start-up companies. MsET Vice President Charlie Beasley said that Diamond Data Systems is a textbook example of a company that utilized the services of the Business Incubator to its greatest advantage.

“This is what we like to see from an incubator company, to become self-sustaining and to remain in Mississippi,” Beasley said. “MsET couldn\’t be more pleased to graduate Diamond Data Systems. We are confident the company will continue to prosper and to provide the highest level of services to its clients.”

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