CNM Ingenuity, Inc., announced this week that Ingenuity Software Labs (ISL), which CNM Ingenuity launched in 2015, will become an independent commercial business beginning July 1.
ISL will be a software development firm leveraging Albuquerque’s tech talent to create high-paying jobs and help grow Albuquerque’s economy.
John Mierzwa, founder of CNM Ingenuity’s Deep Dive Coding Bootcamps, will be the chief executive officer and president of ISL. Lisa J. Adkins, chief operating officer of FatPipe ABQ and the BioScience Center, will be the chief operating officer of ISL.
ISL services will include custom software and mobile app development, web design and development, and strategic consultation. The ISL team has extensive expertise with Microsoft applications, open source technologies, business process automation software, and business analytics.
ISL was started by CNM Ingenuity in 2015 to provide paid work experiences for Deep Dive Coding Bootcamp graduates. To date, ISL has built about 15 revenue-generating projects, which has provided paid work experience for 20-plus graduates.
“We originally launched ISL inside CNM Ingenuity as a workforce development program to give students work opportunities,” Lee said. “By spinning it out as an independent commercial business, it can grow much faster and give more students opportunities.”
CNM Ingenuity, the enterprise arm of CNM and a 501(c)3 non-profit, is the lead investor in ISL, which will be run as a public-private entity. Nick Truyol, founder and CEO of Sabio Systems, an Albuquerque staffing and recruiting agency, is also an investor.
“Ingenuity Software Labs is a natural evolution of our partnership with CNM to grow our tech talent and plant our flag for Albuquerque as a national hub for quality, affordable, on-time software development,” said Mierzwa.
ISL will take advantage of the $50 billion software development outsourcing market for Fortune 1,000 firms, as well as their growing desire to keep that work within the U.S., a practice known as “onshoring.” Ingenuity Software Labs is perfectly situated to take advantage of the low cost of doing business in Albuquerque compared to larger metropolitan areas in the country. ISL will employ local software developers, designers, projects managers and quality assurance technicians.
“The goal is to get as much work from out-of-state contracts as possible while taking advantage of our low-cost environment here,” Mierzwa said. “We’ll help brand New Mexico as a place for top-quality software development services.”
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