Edward Kim and his team working on a new software program knew they had a commercial hit on their hands, but weren't quite as sure the corporation they worked for was the best place to develop it. So the group of seven pooled their money, bought the program and formed BEET Analytics Technology.
"We felt this software technology had the potential to be a breakout technology," says Edward Kim, managing director of BEET Analytics Technology
. "However, it being a part of an industrial company isn't really compatible with developing software technology."
The Plymouth-based business provides diagnostic and analytic software for automation and manufacturing markets. Its software provides insight into manufacturing quality and maintenance performance, along with monitoring capabilities to component level activities. The one-year-old business recently won the Advanced Manufacturing category at the most recent Great Lakes Entrepreneur's Quest
business plan competition.
BEET Analytics Technology has completed the Beta testing for its software and its team of eight people has begun to commercialize it. "We have purchase orders for our product," Kim says.
Source: Edward Kim, managing director of BEET Analytics Technology
Writer: Jon Zemke