Hedgehog Development Co-founder Peter Madsen Named CFO of the Year

Recognized by Long Island Business News for Outstanding Contributions to Company, Profession and the Community

Holbrook, NY (August 17, 2011) -- Hedgehog Development, a leading custom application development company and creators of Team Development for Sitecore (TDS), today announced that its Co-founder and Chief Financial Officer (CFO) Peter Madsen has been named as “CFO of the Year” in the emerging company category of Long Island Business News’ (LIBN) first annual “CFO of the Year” program.

The program recognizes outstanding contributions that a CFO has made to his/her company’s performance, their contribution and commitment to their profession and organizations as well as their involvement in the community.  The first annual awards ceremony and dinner will be held on September 22,2011 at the Crest Hollow Country Club, Woodbury, NY.

As winner in the “Emerging Company with revenue up to $3mm” category, Hedgehog Development edged out several other well-respected Long Island companies to impress the panel of judges.

“It’s apparent in the few short years since Hedgehog was founded in 2007, that Peter Madsen has been instrumental in driving his company’s profitability and growth,” stated Marlene McDonnell, Director of Event Management for LIBN. “His professional background and track record as an engineer, developer, and consultant for some of the world’s largest brands gives him a unique perspective as CFO, which is reflected in the way he manages Hedgehog and has charted its plans for strategic growth,“ she added.

Despite flat growth in 2009 due to the weak national economy, Hedgehog, under Madsen’s financial and strategic leadership, remained profitable as a company. Currently, the company is on target to finish the 2011 fiscal year with a 100% increase in profitability over 2010.

“To be the first recipient of such a meaningful award from LIBN for doing what I love and am passionate about is quite an honor,” said Peter Madsen, co-founder and CFO of Hedgehog Development. “But I can’t take all the credit. I’ve been business partners with Dan Galvez for over 15 years and most of our employees have been with us since the company started,” he noted. “These solid bonds and our great client relationships plus a shared belief in transparency that builds trust are really the secret building blocks that have led to our success,” he added.

In addition to his role at Hedgehog, Madsen is also an active member in two Long Island Software & Technology (ListNET) groups: ListNET ECHO and ListNET CFO. He and his wife Deborah live in Medford where, in their spare time, they are involved in dog rescue and are active parishioners in their church.

About Hedgehog Development  

Hedgehog Development is a recognized leader in Sitecore Web Content Management implementations, custom application development, and integration services. The company is headquartered in Holbrook, Long Island, NY and serves clients around the world. Hedgehog’s specialties include .NET development and Visual Studio Team System, SQL Server, Cloud Services Development, and SharePoint 2007 development and implementations. A field-managed Microsoft Gold Certified Partner, and three-time recipient of the Customer Satisfaction Prize, Hedgehog was also recognized as a Partner of the Year in Microsoft’s New York/New Jersey Area Partner Awards Program for Application Development. Hedgehog is also part of Microsoft’s Inner Circle program for Visual Studio Team System. These hard-earned distinctions represent a host of exclusive benefits for Hedgehog clients ranging from access to early adopter software to priority customer support services.

In 2010, Hedgehog Development's client The Knot was awarded the North American Sitecore Site of the Year, and the North American Sitecore Media Site of the Year. Additionally, Hedgehog’s celebrated Team Development for Sitecore product recently earned it the coveted position of Technology Partner in the Sitecore Partner program, making it one of only three worldwide partners that are both Sitecore Implementation and Sitecore technology partners.

Learn more about Hedgehog Development at  

About Long Island Business News

Long Island Business News is Long Island’s only publication devoted to local commerce and has been the premier source of news and data on business, economic trends and the region’s robust entrepreneurial sector for more than 50 years.

As the area’s No. 1 source for news on Long Island’s 120,000-plus businesses, LIBN pays special attention to the region’s leading sectors: education, health care, high-tech, financial and professional services, and commercial real estate and development.

In addition to its 52 weekly editions, LIBN publishes a full line of annual publications, including the Book of Lists, the Tech Island Directory, Doing Business on Long Island and the nonprofit community’s Annual Philanthropy Day Directory.

For more information, visit 

Media Contact: Media Contact:
Dan Galvez Ron Greenstone
Hedgehog Development Greenstone Marketing, LLC
631.676.2186 x 200 631.617.6300



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