Silicon Valley-like company expands in ABQ

ALBUQUERQUE (KRQE) – A young Albuquerque tech company that makes point-of-sale software for restaurants and retailers is rapidly expanding, and competing with companies in Silicon Valley. The people behind Lavu tell KRQE News 13 they believe Albuquerque has the chance to grow into the same kind of innovation hub.

You’ve likely seen Lavu’s product in use around town. Based on the Apple iPad, the system is used at retailers and restaurants, from food trucks to fine dining.

“We are branching out, yes,” said Lavu co-founder Andy Lim. “Hotels, fitness, you know, giving of tithe in churches, too.”

Lavu was started during the recession. It now employs 40 people in Albuquerque, and its products are used in 3,500 restaurants in the U.S. and in more than 80 countries.

Co-founder Corey Fiala said they’re competing with Silicon Valley companies, and snatching up local talent that might otherwise leave New Mexico.

Lim and Fiala agree, there’s a lot of room for innovation in Albuquerque.

“A lot of people, when they think of technology, they think of innovation, they think of California,” Lim said. “Why not here? Why not Albuquerque?”

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