Ryan Raguse and Jake Joraanstad, co-founders of Fargo-based Myriad Mobile, were both entrepreneurial app developers as North Dakota State University undergrads, before joining forces in 2011 to form their rapidly growing venture (then called Myriad Devices).
Myriad’s first break was a contract with the NDSU ag extension service to develop a “winter survival kit” app that combines all of the SmartPhone functions useful in a winter survival situation. After being featured on the Weather Channel and Fox News, the app went viral and received more than 100,000 downloads in a five-month period. The duo also developed a custom app for Minnesota Public Radio.
Today, Myriad ranks in the top 10 percent nationally as a provider of mobile technology design, strategy, and consulting. Its apps have been downloaded hundreds of thousands of times by customers in 25-plus countries. The firm, which recently expanded to Minneapolis, has provided mobile and web-based solutions for Microsoft and Bobcat. Companies of all sizes use its machine-to-mobile, mobile payment, mobile content-management, and other applications.
Myriad reached the milestone of $1 million in annual revenue last year, and it has enjoyed triple-digit annual revenue growth: 800 percent in fiscal 2012, 400 percent last year, and it’s on track with its goal to grow another 800 percent this year.
Earlier this year, nearly 300 tech professionals from across North America attended the Midwest Mobile Summit in Fargo, an annual event organized by Myriad to help solidify its leadership in the sector. Fargo-Moorhead is “a pretty exciting place right now,” says Joraanstad. “With the groundwork laid by Great Plains Software and Microsoft, there is a lot of great tech talent here. It’s an awesome place to do business.”
Read the full article in Minnesota Business Magazine.