Two Triangle business leaders were recognized last week as Ernst & Young’s entrepreneurs of the year in the Carolinas: Vipin Garg, CEO of Durham-based Tranzyme Pharma, and Rich Lee, founder and CEO of Raleigh-based Hosted Solutions.
The Carolinas winners, which also included several from the Charlotte area, will be eligible for the national entrepreneur award in November. The local winners demonstrate “success in the areas of innovation, financial performance and personal commitment to their businesses and communities,” according to a prepared statement.
Garg’s Tranzyme is a biotechnology company with about 40 employees that is developing experimental treatments for obesity, diarrhea and other ailments. The company has raised more than $50 million in venture capital funding.
Founded in 2001, Lee’s Hosted Solutions manages data centers in Raleigh, Cary, Charlotte and Boston. The company was bought last year by a Boston investment firm for $144 million. Hosted Solutions employs about 110 workers, including 75 in the Triangle.