NewFoundry hits $1M in revenue as it adds more staff

NewFoundry's first two years have been anything but boring as the Ann Arbor-based software firm hits some significant revenue milestones and hires more staff.

"It's been pretty crazy," says Richard Chang, CEO of NewFoundry. "We have been working with a lot of organizations from big corporations to startups."

NewFoundry, which calls the north side of the city overlooking the Huron River home, hit $1 million in revenues in its second year. That enabled it to hire three people over the last year, expanding its staff to 15 employees and two summer interns. it is currently looking to hire six people in project management, mobile app development, and web development.

"We've just been completely swamped," Chang says. "We have more work than we need, which is why we are on a big hiring spree."

Prior to launching NewFoundry, Chang worked at Mobiata, a software startup that made travel apps before it was acquired by Expedia. He founded NewFoundry with an idea of making custom mobile apps and other software applications for clients along with its own apps. Last year it launched Ramblehook, a mobile app that helps better organize meetings by listing agenda items, presenters, and time allotted for each topic.

Chang would like to continue to diversify NewFoundry's revenue stream by creating more equity projects and apps to sell to consumers. He believes this will enable NewFoundry to continue on its current growth trend.

"Our goal is to double our revenue each year," Chang says.

Source: Richard Chang, CEO of NewFoundry
Writer: Jon Zemke

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