Dogwood Technologies another successful business aided by the REC
Dogwood Technologies LLC is a software company founded in November 2007 by CEO and owner Mike Bryant to provide software consulting to a wide variety of clients across the United States.
“Providing software consulting services around the U.S., which allows you to provide quality work at much lower prices than metropolitan areas,” said Bryant.
Bryant, a serial entrepreneur, previously owned Centrant LLC, a software company that had developed a product called PHP Jumpstart, a code generation software tool. He sold Centrant in July 2007 for more than $600,000 and immediately began working to create his new company.
Since founding this new venture, Dogwood is on track to generate nearly $150,000 in revenue in its first year. Bryant believes it’s possible to grow his company’s revenues by nearly 50 percent in his second year of operation. In addition to Bryant’s own work, he also employs five software developers in the community. These contract employees are expected to generate payroll of nearly $50,000 in its first year.
“When you consider that this payroll is for men who’re already gainfully employed in the community and that this is their ‘evening job’, this is a significant boost in our community,” said Bryant.
In the future he hopes to double his payroll as well and to bring some of this talent on board as full time employees. Over the long term, he believes it is possible to grow his company to a million dollar venture.
In addition to his work at Dogwood Technologies, Bryant was recently named CEO of BAT Medical Networks, a company that’s attempting to provide IT hardware that will allow hospitals to share medical records. He thinks it’s possible to grow BAT to more than a $10 million venture over the next few years if all goes according to plan. This is his second executive posting, as he previously worked for the company that purchased Centrant as a vice president.
Johnathan Gay, the director of Morehead State University’s Innovation Center says Bryant typifies what is possible in a rural area.
“If I could dream up an economic development strategy for the mountains that would be certain to work it would consist of cloning multiple Mike Bryants. Mike’s entrepreneurial savvy and IT skills are an incredible combination. And the fact that they’re in Jackson means that the money they generate goes much farther than it would in more urban areas.”
Anyone interested in learning more about Dogwood Technologies should call MSU’s Regional Enterprise Center in West Liberty at (606) 743-4005 or visit its Web site at www.moreheadstate.edu/msurec.
Posted: 6-11-08
