From Deseret News archives:
From Mrs. to CEO: Former BYU student has become a successful entrepreneur
In a little more than a decade since she started as an entrepreneur, she has raised more than $50 million in capital for various companies.
She's now chief executive officer of South Jordan-based MediConnect Global Inc., which last year ranked No. 311 among the 500 fastest-growing private companies in America, according to Inc. magazine. Rees Anderson works long hours at her company, whose employees in India and Utah digitize and save medical records. She also balances a family life with her work and is raising two children, ages 15 and 12.
It isn't the life she initially envisioned for herself back when she was attending Brigham Young University.
"I came to BYU to get my 'Mrs.' degree and managed to get that quite quickly," she says. "Typical Utah story."
She was engaged when she was 19, married by the time she was 20, had her first child by age 21, and her second by age 23.
"By the age of 29, I was divorced," she says. "I had two kids and was on my own. It was a scary thing. I had to start over."
But her path had inauspicious beginnings.
When Rees Anderson was 24, she had two small children and wanted to work from home. She obtained the license to sell and install scheduling and records software in doctors' offices.
"Her entry into the venture world began in her provincial garage," said Tim Layton, managing partner with Sorenson Capital, at a recent gathering for the MountainWest Capital Network's Entrepreneur of the Year award, which Rees Anderson received. "She started with $23,000 and conviction."
As Rees Anderson sold the software, she became frustrated by its limitations. She tried to acquire the rights to change the software, but was unsuccessful, and then hired computer programmers to design a new Web-based software program.
She eventually moved from a house filled with programmers at kitchen tables and living room sofas to their own place after raising $12 million a few years later, Layton said.
She sold the company in 2002.
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