Appnovation technologies is a company that provides technology solutions for clients around the world. More specifically, they develop (web) applications, services, corporate websites, e-commerce websites, and more; some of their clients include Reebok, NBC, World Wildlife Foundation, and American Express. Founded in 2007 by Sauder School of Business alumni Arnold Leung, Appnovation has grown quickly, reporting $1M of revenue in 2008 alone. In 2010, the company was named #16 on Profit Magazine’s Profit Hot 50 list, and Leung was named BCD’s 2011 Young Entrepreneur of the Year for British Columbia.

Judging by their posted 2008 revenues, Appnovation has created substantial wealth, and quickly, too. The business of web development can be quite risky – many have entered the market and many have also failed. One risk of doing business in this field is that one can rarely predict where the market is headed in the future, due to the ridiculous rate of technology advancement. Hence, being innovative is a prerequisite in the tech industry; Appnovation is paving their own road with a high level of cross-platform integration. Leung has clearly found an unserviced market niche to exploit and has done very well so far. More information can be found on Appnovation’s web site.