Ilium Software creates smart phone applications in Ann Arbor
More and more people get hooked on iPhones and Crackberries…er… Blackberries every day, and that’s just fine with the folks at Ilium Software.The software company creates applications for those phones. For instance, one of Ilium Software’s bread-and-butter programs is its eWallett program. The application encrypts important account numbers, PIN numbers and passwords in the phone, protecting the information while giving its users easy access.”That’s really been popular over the years and it continues to be,” says Ken Morse, CEO of Ilium Software. “We keep on updating it.”Most of Ilium Software’s applications sell for about $30 a pop, so Morse is confident the economic downturn won’t hurt his company’s business too much.But the economy is scary enough to give Morse pause when it comes to expansion plans. The firm has jumped from its original two founders a dozen years ago to nine people today, along with the occasional independent contractors and interns. Ilium Software has been able to self-fund that growth over the years. Today it’s free of the strings that come with things like venture capital and angel investors and firmly based in Ann Arbor. Morse plans to grow it there as long as smart phones continue to grow in popularity.”As the hardware devices so better so do we,” Morse says.Source: Ken Morse, CEO of Illium SoftwareWriter: Jon Zemke
More and more people get hooked on iPhones and Crackberries…er… Blackberries every day, and that’s just fine with the folks at Ilium Software.
The software company creates applications for those phones. For instance, one of Ilium Software’s bread-and-butter programs is its eWallett program. The application encrypts important account numbers, PIN numbers and passwords in the phone, protecting the information while giving its users easy access.
“That’s really been popular over the years and it continues to be,” says Ken Morse, CEO of Ilium Software. “We keep on updating it.”
Most of Ilium Software’s applications sell for about $30 a pop, so Morse is confident the economic downturn won’t hurt his company’s business too much.
But the economy is scary enough to give Morse pause when it comes to expansion plans. The firm has jumped from its original two founders a dozen years ago to nine people today, along with the occasional independent contractors and interns.
Ilium Software has been able to self-fund that growth over the years. Today it’s free of the strings that come with things like venture capital and angel investors and firmly based in Ann Arbor. Morse plans to grow it there as long as smart phones continue to grow in popularity.
“As the hardware devices so better so do we,” Morse says.
Source: Ken Morse, CEO of Illium Software
Writer: Jon Zemke