HANCOCK, Michigan (April 8, 2015) – MTEC SmartZone announced today that Lasalletech has officially graduated from the business incubator, and continues to provide high tech jobs in the Keweenaw. Co-founder and managing partner, Jacob Northey started Lasalletech eight years ago with the goal of providing quality, high tech jobs while raising the integrity of the international electronic trading technology industry. During Lasalletech’s growth, they positively impacted the local community with job creation.
In February 2015, Lasalletech officially sold their growing business to European-based CameronTec Group, a global leader in connectivity technology and financial trading infrastructure. As part of the agreement, Lasalletech’s seven current staff members will continue to work in the Hancock office.
“Lasalletech is a perfect example of our mission to provide accelerated business growth and support companies from start-up to graduation,” said Marilyn Clark, MTEC SmartZone CEO. “Lasalletech is the perfect example and role model of a MTEC SmartZone graduate. While we supported them with programs, funding and grants, Jacob’s daily commitment is what drove this company to success.”
MTEC SmartZone provided Lasalletech affordable office space and helped form partnerships at Michigan Technological University. Lasalletech also received individualized growth support from MTEC SmartZone that addressed sales and marketing challenges and business training, which immediately resulted in new markets and customers. In addition to MTEC SmartZone, Lasalletech credits much of their success to the dedication of their employees and support partners including Northern Initiatives, Superior National Bank, Keweenaw Economic Development Alliance, and mentor Jim Cederna.
“This is a very exciting time for the company and our future,” said Jacob Northey. “We are proud that we’ve been able to grow a company and hire talent who live, work and raise families in the Keweenaw.”
Jacob Northey hopes that the positive outcome for Lasalletech inspires other entrepreneurs to use the many local business support systems and resources available to grow companies and create jobs in the community.
As for Northey, he is eager to help grow and contribute to CameronTec and remain active in the local entrepreneurial community.
For more information about MTEC SmartZone, visit www.mtecsz.com