Entrepreneur Biography
Entrepreneur Biography:
Stephen Fung
&
Louis Leung.
ENT526 - 011
Background Stephen Fung is a software architect and developer who was born in Toronto along side his best friend and eventual co-founder of Archon Systems, Louis Leung. Louis has had experience working for major companies such as Sun Microsystems, Research In Motion and various other consulting agencies as well experience in Canada, Hong Kong and India. On the other hand, Stephen Fung had worked in IBM, Google, Sun Microsystems, having won numerous academic awards. Stephen graduated first in his faculty with a Bachelors of Math from the University of Waterloo, with a double-major in Computer Science and Combinatorics & Optimization. While Louis also graduated from Waterloo with distinction, having obtained a Bachelors of Math, majoring in Computer Science. (Archon Systems, 2008)
Company & Work
Having met in 2003 while doing internships in Silicon Valley they became very good friends and built a partnership working on school projects which would the evolve into starting a company together called Archon Systems. This company was a software design company specializing in software for businesses. Having received a consultancy project to design and build a custom-made inventory system for a corporate client both Stephen and Louis began working on their product inFlow which is now currently ranked the 49th fastest growing company by PROFIT Magazine. (Archon Systems, 2008) Both Stephen and Louis recognized that this was a suboptimal solution, which appealed to a niche within the market in terms of their business model. Identifying the opportunity by realizing that their client base would opt for packaged software if there was anything suitable on the market, because the software choices were either too complicated and expensive or just not powerful enough to meet their customers needs. This relates to the need for pain.
Stephen Fung
&
Louis Leung.
ENT526 - 011
Background Stephen Fung is a software architect and developer who was born in Toronto along side his best friend and eventual co-founder of Archon Systems, Louis Leung. Louis has had experience working for major companies such as Sun Microsystems, Research In Motion and various other consulting agencies as well experience in Canada, Hong Kong and India. On the other hand, Stephen Fung had worked in IBM, Google, Sun Microsystems, having won numerous academic awards. Stephen graduated first in his faculty with a Bachelors of Math from the University of Waterloo, with a double-major in Computer Science and Combinatorics & Optimization. While Louis also graduated from Waterloo with distinction, having obtained a Bachelors of Math, majoring in Computer Science. (Archon Systems, 2008)
Company & Work
Having met in 2003 while doing internships in Silicon Valley they became very good friends and built a partnership working on school projects which would the evolve into starting a company together called Archon Systems. This company was a software design company specializing in software for businesses. Having received a consultancy project to design and build a custom-made inventory system for a corporate client both Stephen and Louis began working on their product inFlow which is now currently ranked the 49th fastest growing company by PROFIT Magazine. (Archon Systems, 2008) Both Stephen and Louis recognized that this was a suboptimal solution, which appealed to a niche within the market in terms of their business model. Identifying the opportunity by realizing that their client base would opt for packaged software if there was anything suitable on the market, because the software choices were either too complicated and expensive or just not powerful enough to meet their customers needs. This relates to the need for pain.
Bibliography: Archon Systems. (2008). Founders; Stephen Fung and Louis Leung. Retrieved February 6, 2013, from http://www.archonsystems.com/founders.html Archon Systems. (2008). What work is like for us everyday. Retrieved February 6, 2013, from http://www.archonsystems.com/culture.html Archon Systems. (2008). Our Story. Retrieved February 6, 2013, from http://www.archonsystems.com/story.html CNN Money. (2012). 100 Best Companies to Work For. Retrieved February 6, 2013 from http://money.cnn.com/magazines/fortune/best- companies/2012/snapshots/1.html Lewis, R. (2012, August, 21). Canada Home to the Most Heavily Downloaded Inventory Software. Retrieved February 6, 2013 from http://www.techvibes.com/blog/canada-home-to-the-most-heavily-downloaded- inventory-software-2012-08-21 Markowski, J. (2012, October, 15). Made in Canada #4: Archon Systems. Retrieved February 6, 2013 from http://digest.dx3canada.com/2012/10/15/made-in- canada-4-archon-systems/