Shawano software firm signs deal with tribe
A Shawano software company has entered into a partnership with the Menominee Indian Tribe’s Wolf River Development Company.
Representatives of Merydyan Technologies, LLC, and the WRDC signed a contract Friday establishing WRDC’s investment in the start-up software company.
“We’re very excited to team up with a local business as prestigious as the Wolf River Development Company,” said Dennis Sheldon, Merydyan president and CEO. “It’s a great opportunity for us. We’re honored that the Menominee Tribe has put their faith in us.”
The WRDC was created by the tribal Legislature to promote housing availability to tribal members on the Menominee Indian Reservation.
As part of the partnership, WRDC agreed to invest an undisclosed amount of money in Merydyan Technologies. In return, WRDC is entitled to a share of Merydyan’s profits — money that will be channeled into housing projects for tribal members.
“We’re eager to help them realize profits and see our hard work translate into new housing for Menominee tribal members,” Sheldon said.
WRDC’s investment in Merydyan will fund the development of an all-new financial package built for the unique challenges of tribal accounting.
Merydyan’s current offering, the MPower system, includes software solutions for human resources, payroll, security and surveillance departments. While the software is designed primarily for casinos, it can be effectively applied at any business with 100 or more employees, according to a Merydyan news release, and is being utilized by several northern Wisconsin businesses.
Sheldon has been developing workforce management software solutions for nine years.