Jack Lee
Linthicum, MD (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Knowledge Management Solutions, Inc.
Find More Startups
Startup
Location:
Linthicum
Industry:
Software
Year Founded:
2002
Number Employees:
1-10 people
Description:
When we founded KMSI, we had a vision of what could be done to reinvigorate the learning technology marketplace. Our founding team brought over 100 years of hands-on experience with nearly all of the "leading" learning technology platforms and e-learning development suites. Our plan was simple; interview organizations using learning management systems, identify the major areas for improvement in both technologies and processes, and use that information to create the platform that we call KMx.
KMx is an Advanced Distributed Learning Platform that provides fully integrated e-learning content development, learning management, performance management, learning content management and virtual classroom technologies in one easy to use application. Our clients use KMx to provide online testing, training and certification for employees, agents, dealers, franchises and distributors.
Our clients include many of the largest companies in the world, including Proctor & Gamble, Aetna, Humana, Honda, Sony, Mercedes, Navistar, Altria, Williams-Sonoma, Philip Morris USA, Mohawk Industries, Atlas Worldwide and The US Department of Commerce.
Over the past six years, KMSI has become one of the largest learning technology providers in the industry and our KMx platform is providing service to millions of end-users. Many of our clients ave greater than 10,000 employee, agents, dealership and franchise users that interact with our technology on a daily basis.
The success of our software has generated the need for KMSI to hire and deploy a sales force to capture the significant number or prospective client inquiries we receive each day. We are seeking $500K to increase its sales team from 0 to 4 full-time executives.
During 2008, KMSI produced $600K in cash-flow from operations and $650K in EBITDA on revenues of $1.9M per year. KMSI has been profitable for the past three years.