The social platform for education-oriented media collaboration was well received amongst early adopters; since inception some 18 months ago, the site had experienced “hundreds of thousands of hits,” he says.
Earlier today, Peterson, the CEO and Founder posted a personal message to his blog which naturally made us curious about what’s happening with one of Minnesota’s more promising early stage software companies. We managed to connect with Troy shortly thereafter to find him equal parts thrilled and sensitive to having made the call to temporarily reel things in. “It’s not an easy decision to make — especially as an young company with so much invested,” adding, “at this point, it’s all about catching our breath and managing growth.”
In a short telephone conversation, Peterson summarized his reasoning as: “technology and innovation has accelerated so unexpectedly fast as of late, that the next 6 months will mark some major changes in the direction of the company’s products.” He was quick to cite notable events like recently signing a collaborative deal on a mobile medical device (with an undisclosed company), the next generation of OLPC (the inevitable increase of low cost Android tablets), talks with larger players like Cisco / Webex the recent Minnesota Angel Tax Credit.
“Everything we’ve stood for this far has culminated and we’re now in a position to take a step back, re-group, and come out better than ever before,” says Peterson, confident in what lies ahead.
(Side note: The company is looking for the best local mobile developers they can find. Send CV’s to: [email protected])