Since this blog was recently started, I thought I would go back and find some recent startup news happenings to bring things up to speed. So what’s been going on lately in Houston Startup land? Have a look…
Back in September, The Houston Business Journal wrote an article on WhiteBoard Labs. It seems that Whiteboard Labs is doing well with a dual approach of offering both products (MotionNotes being one, allowing conversion of powerpoint presentations to flash) and other services (web design). They’re revenue in 2005 was $550k and they are expecting revenue in 2006 to come in at $1.2m. That’s a very nice growth rate of almost 120%. Here’s wishing them the best of luck in 2007.
Another company covered by HBJ in their Entrepreneur section is Enterprise Systems Corp. They secured Nortel Premium Partner status in record time (only 9 months) as a startup. Enterprise is now the 4th largest distributor of Nortel systems in the Houston area. The company is projecting 2006 revenue of $4.5 million for 2006, an almost 30% increase over 2005 and nearly a 650% percent increase since 2002. Go here to see how they have managed their cash flow challenges along with their quick growth.
P.O.P. Broadcasting was in the news this last February announcing the launch of their Point of Purchase (P.O.P.) ShelfAds™. According to their press release “Offered exclusively by P.O.P. Broadcasting, ShelfAds are attached to shelves and displays within the store and are automatically triggered by an infrared sensor to play one of several brief advertisements when the customer stops in front of the product display. ShelfAds are wireless ad players, branded uniquely for each advertiser, that feature a high-resolution digital TV screen, sound and a special electronic display for product promotions along the retail shelf.” They are so confident of the product’s effectiveness that if sales for the advertiser and retailer are not increased, the advertisements are free. Now that is confidence! Good Luck P.O.P. and let us know how those sales figures come out.
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