Sunday, January 8, 2012

With Ops in Europe and US, Self-Funded Wondergraphs Offers Software Startup Insights

Software startup Wondergraphs , with offices in Leuven,
Belgium, and Sunnyvale, Calif., has gotten rave reviews for its
analytics software, but is still tiny -- just three employees --
and still struggling to be seen as a center-stage player. Founded
in 1998 by Dirk Stevens and Kim Gressens, the company began as a
consulting firm. "We created a prototype for consulting," says CEO
Stevens, "and we presented at a conference where we got rave
feedback. That's when we decided to start a totally new company."
Wondergraphs' first customer came on board in late 2009. The
privately-held firm doesn't disclose revenues, but Stevens says
2010 sales were 90 percent above 2009, and "2011 is on track to do
well." The company is self-funded, though they did have an
investment offer; more on that later. "We built it from the ground
up, using some savings and consulting money," Stevens says. "We
took about one year to go from prototype to product." Stevens is
now "the product and business guy," based in California, while
Gressens handles the technical side. "He's still in Belgium, and
will stay there," says Stevens. "But we're pretty flexible." In
some respects, Wondergraphs represents a very typical startup
story....Read more

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