LogiSync
Company Profile
by Julie Henry
Welcome to LogiSync, a local company riding the next wave of the internet
revolution by producing devices called embedded network controllers.
They're compact computers. And they give inanimate objects the power
to communicate over the World Wide Web.
Ed
Yenni: LogiSync's technology gets designed into an original equipment
manufacturer's devices that allow those devices to be monitored or
controlled remotely over networks.
You
can point your web browser to a pump or a valve or a telecommunications
power supply and be able to monitor and control it. In addition, the
products allow those devices to send or receive e-mail. So if you
wanted a device, if it was experiencing a particular problem, it would
be capable of sending off an e-mail to people who care to then be
able to take the desired action.
The
nine-year-old company is the brainchild of Lorain native Ed Yenni.
Ed
Yenni: I've always been interested in electronics. Unfortunately,
when I graduated in 1978, there weren't a whole lot of opps in this
area for me.
So,
two weeks after Yenni picked up his diploma from Lorain High School,
he bought a one-way ticket to Los Angeles. He became an electrical engineer
and worked for Rockwell International. After several years, Rockwell
asked Yenni to return to Ohio to head up a space station project at
Cleveland's NASA Lewis Research Center, now known as NASA Glenn.
Ed
Yenni: And so in the early 90s, then, I was able to come back
here to Cleveland. It was perfect. My wife and I were just starting
our family and it was exactly what we were looking for was that type
of a transition.
When
the space station project shifted to a NASA facility in Texas, Yenni
decided the time was right to step out of the corporate world and start
his own company.
Ed
Yenni: Managing within an $11 billion company is much different
from managing within a smaller company and so there were a whole set
of skills that i had to learn there.
I
went to the library and got out a book and there were three or four
different books that I looked at. One of them seemed to be more technology
based than the others, so I used that book as the basis for writing
a business plan.
I
was trained as an engineer and not to run a business. So I think (the)
key to getting us up and going was to be able to bring in professionals
on a retainer basis early on to help me make the day to day decisions
sometimes that I needed to make that were outside of the engineering
realm.
Yenni
hired LogiSync's first employee in 1993 - a college friend named Carl
Smith. The two set up shop in a farm house near Ashland, Ohio.
Ed
Yenni: And I remember it was kind of interesting in the early
days when a customer would want to come and visit you and of course
we wanted to project this image of being larget than two people in
a farm house in the middle of nowhere. So often times we would try
to stall and say, oh we'll come to your place or whatever. But the
initial customers that came out to visit us found it quite nice. There
was a two-acre pond in front of the farmhouse and it was a nice break
for them.
In
less than a year, the fledgling company outgrew its pastoral setting.
So Yenni moved LogiSync into a Westlake office complex to handle a growing
list of clients, including household names like General Motors, Bose
Audio, and Ever-Ready Battery.
LogiSync
can lay claim to a number of success stories over the past nine years.
But the company has also faced its share of challenges. In 1998, Yenni's
friend and business partner Carl Smith died of kidney cancer. He was
38 years old.
Ed
Yenni: I think there was a lot of concern that we were going to
fold the tent and that would be the end of it. I looked at everyone
and I said, look, Carl has taught you well. You've learned a lot from
him and you are very capable of operating on your own.
And
to the credit of the remaining employees here, we were able to grow
the company that year and went on to yet another profitable year.
Obviously, we still miss Carl dearly though.
With
sales last year topping a million dollars and eight full-time employees,
the Weatherhead School of Management named LogiSync one of northeast
Ohio's fastest growing small companies for 2001.
And
Yenni says he's ready to take LogiSync to the next level. He plans to
move the company to Lorain County by the end of 2002. He's working with
Lorain County Community College's Glide Business Development Center
to find equity partners to help grow his business. Glide Managing Director
Don Knechtges says the goal is to add 100 employees to LogiSync's payroll
within five years.
Don
Knechtges: We're providing help for LogiSync and LogiSync is committed
to keeping their business, as they become a success, that those jobs
will in fact remain in northern Ohio and in Lorain County for the
help that glide has provided. So we think that's a very good tradeoff
and one that benefits everyone.
Ed
Yenni: It comes full circle, and this to me is very emotionally
rewarding to be able to come back from right where I started and be
able to hopefully help the local community in the process.
This
is where the internet revolution is in fact taking place. The technology
is coming from the other technology corridors. But the actual revolution
in how it's changing the way manufacturers manufacture their devices
and how sales and distribution channels operate is happening right
here in the midwest.
So we happen to feel we have home-field advantage to fully exploit the
second wave of the internet. Many of the companies, the technology companies
that you see on the west coast, they've never walked through a steel
mill, they've never walked through a plastics processing plant. So we
feel that from a cultural standpoint, from a geographic standpoint,
we are located where we need to be to exploit the next wave.