Exploring the Journey of Puerto Rico’s Tech Innovators
- Christian Gonzales, Carlos Menendez, and Alberto Lugo III were pioneers in Puerto Rico’s tech scene
- INVID, a software firm founded by Lugo, now has 80 employees and generates between $5 million and $10 million annually
- Wovenware, a software development consultancy, has transformed into the AI/machine learning arm of Maxar Technologies Inc.
- Wovenware has navigated various tech trends and generated $17 million in sales last year
Christian Gonzales, Carlos Menendez, and Alberto Lugo III were the trailblazers of Puerto Rico’s tech scene. Lugo, the president of software firm INVID, started his journey in programming thanks to a mentor. After years of hard work, INVID now employs 80 people and generates millions in revenue annually. Wovenware, a software development consultancy, has also seen significant growth over the years. It has transformed into the AI/machine learning arm of Maxar Technologies Inc. and achieved $17 million in sales last year. These success stories highlight the resilience and adaptability of Puerto Rico’s tech pioneers.
Public Companies: Microsoft Corp. (MSFT), Maxar Technologies Inc. (undefined)
Private Companies: undefined, undefined
Key People: Christian Gonzales (Chief Executive of Wovenware), Carlos Menendez (Co-founder of Wovenware), Alberto Lugo III (President of INVID), Phillip Mumford (), Carlos Melendez (Chief Operating Officer of Wovenware)
Factuality Level: 7
Justification: The article provides information about the tech scene in Puerto Rico and the experiences of two tech companies, INVID and Wovenware. The information seems to be based on interviews with the individuals involved. However, there is a lack of specific details and context, and the article contains some unnecessary background information. Overall, the article appears to be mostly factual, but it could benefit from more in-depth reporting and analysis.
Noise Level: 3
Justification: The article provides some relevant information about the tech scene in Puerto Rico and the experiences of two companies, INVID and Wovenware. However, it lacks depth and analysis, and there is a lot of unnecessary information and repetition. The article also does not provide any evidence or data to support its claims. Overall, the noise level is low, but the article could have been more informative and focused.
Financial Relevance: No
Financial Markets Impacted: No
Presence of Extreme Event: Yes
Nature of Extreme Event: Natural Disaster (Hurricane Maria)
Impact Rating of the Extreme Event: Moderate
Justification: The article mentions the impact of Hurricane Maria on Puerto Rico’s tech scene, causing a five-month period of no cash for one company. However, the impact is localized to the tech industry in Puerto Rico and does not have significant implications for financial markets or companies globally.
www.marketwatch.com 
