When Bjorn Stansvik immigrated to Minnesota from Sweden in 1999, he had big ideas about using software to optimize learning. After turning those plans into reality just a few years later, he's now on a fast track toward growth, and expanding his company's capabilities as a result.
In 2001, he launched Minneapolis-based
MentorMate as a mobile application development company, with a signature app called iQpakk. The software allows users to create courses and training content on a mobile device, and first debuted at Eagan High School.
From there, MentorMate expanded internationally, with offices in Bulgaria and Costa Rica as well as St. Paul. "We saw a good deal of traction when mobile really started taking off and the iPhone came out," says Stansvik. "The promise of mobility got everyone excited about the possibilities. Since we'd been doing this since 2001, it gave us the level of credibility we needed to stand out in the marketplace."
In another major shift, the company switched its business model to managed services, in order to meet client needs more fully. It also rolled out another product, SpyderMate, a web-based application for marketers.
Currently, MentorMate has about 115 employees, but Stansvik hopes to grow that number to 200 by the year's end. At the start of 2010, the company only had 30 employees. Keeping up with that level of growth can be tricky, Stansvik notes.
"It's like working at a new company every three months," he says. "You have to reinvent constantly, and realize the old ways won't work. We have extremely aggressive growth goals--some people might even call them insane--but we think the demand is strong enough to meet those goals."
Source: Bjorn Stansvik, MentorMate
Writer: Elizabeth Millard