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Trek Global a semifinalist for funds

first_imgVancouver technology startup Trek Global sees a big niche in helping small businesses manage inventory and recordkeeping using cloud-based services, and it believes it has the products to fill that niche.Trek Global’s challenge is to get the word out to prospective customers so that it can stay ahead of competition in the fast-evolving world of cloud data storage and management. It believes that nearly half of all companies will move to what is called cloud Enterprise Resource Planning software in the next five years, and hopes for huge growth from its revenue of $1.2 million in 2013.That’s why the company, with 12 U.S. employees, including seven based in Vancouver, pitched to the Oregon Entrepreneur Network’s Angel Oregon fund for investment funding for marketing and promotions. The company is a semifinalist in the rigorous competition, and on Monday it will learn whether it will be one of three companies headed into a final round in the competition. Winners in the Angel Oregon spring contest typically receive investments of $200,000 to $300,000.“Our product is ready to go. We just need for people to hear about us,” said Joel Stangeland, Trek Global’s CEO.Stangeland, 45, is a Vancouver native and Evergreen High School graduate. He spent time working for various technology companies on the East Coast and California but returned to his hometown four years ago with business partner Joel Hoffman to launch Trek Global.“I could see these was a deep need that wasn’t being served,” he said.That market need, he says, is for cloud-based data management tools for midsize companies that are too large for QuickBook tools but too small to afford the services of companies such as SAP, Oracle and Microsoft. Trek Global offers comprehensive warehouse and distribution management for data and a flexible pricing structure.last_img read more